Financial Data and Strategic Decision Making.

Financial data and Strategy are required for the formulation of major organizational decisions. According to the research, fiscal statements such as balance sheets and profit-and-loss accounts give critical information about a company's success. For example, financial data from the balance sheet is critical in a firm's choice to expand its sales volume to boost its profitability. The trustworthy information provided by the balance sheets helps the relevant stakeholders to create strategies that aim to improve the purchase of diversified additional assets.