Financial Statements (MINIMUM 200 WORDS)

This assignment has 3 parts:

In today’s global marketplace, business is conducted on every continent, in different currencies and in many languages. Even so, it is often said that accounting is the language of business. 

1. When there are so many other options, why do you suppose accounting would be considered the language of business? 
2. If accounting standards differ by country – and some do – what are your thoughts about how the phrase could still be true?
3. Thinking about your experience as a consumer, share an example of how accounting could be considered a language of business.