FIN534 Week 2 Discussion

"Financial Statement, Cash Flow, and Taxes" Please respond to the following:
·         Analyze the importance and impact of financial managers being able to understand financial statements. Provide the rationale behind your analysis.
·         Imagine that you are starting a business. Determine the tax considerations that might result in you setting the business up as a proprietorship or a partnership, rather than a corporation. Provide a rationale for your decision.