Proview a short response to this statement: Good afternoon, everyone. So, the Informed Decision-Making Non-accounting employees often make decisions that impact financial performance. Understanding financial statements helps them see how these decisions affect their financial health. For instance, a marketing manager planning a campaign can assess the budget against past financial performance to justify the potential return on investment. Effective Communication Knowing the language of accounting enables non-accounting employees to communicate more effectively with their finance colleagues. This can facilitate collaboration when discussing budgets and forecasts. For example, a project manager who understands cost accounting can discuss project expenses with the finance team more clearly and build a stronger case for resource allocation. Improved Resource Management Understanding how financial statements are structured, including the income statement, balance sheet, and cash flow statement, helps employees manage resources. For instance, a sales manager who understands cash flow can better plan for inventory purchases, ensuring they align with expected sales revenue. Strategic Insight By grasping accounting methods, employees can gain insights into the strategic planning and objectives of the company. For example, knowing how revenues and expenses are tracked can assist a non-accounting employee in aligning their departmental goals with the company's financial targets. Thank y