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Accountancy is extremely important to business firms for several reasons. It is important for businesses to keep track of its assets and liabilities to determine whether or not the company is being efficient. Accountancy puts all of this information on paper in a neat and orderly manner (in financial statements) that makes it easy to analyze. Accountancy is especially invaluable to any potential investors. (As a business, having investors can be crucial to the growth of the business.) Investors want to know if the business is worth their time and money. Accountancy allows investors to make judgments and decisions about a company simply by looking at the business firm's financial statements.

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