Business Finance and Economics

This document discusses the role of accounting in business finance and economics, emphasizing its significance in terms of reporting and decision-making. It also explores the major determinants that influence business performance and distinguishes between microeconomic and macroeconomic factors. Additionally, it provides an overview of the main financial statements and describes the structure and terms included in each. The document concludes with a calculation and interpretation of various financial ratios for XYZ Plc for the years 2019 and 2020.