The art aspect of finance affects decision making by allowing for interpretation and judgement in financial matters. It acknowledges that not all financial information is absolute or strictly quantitative. This can influence decisions as it allows for flexibility and adaptability in financial strategies and plans. It also means that financial decisions are not solely based on numbers, but also on the interpretation and understanding of those numbers.
Financial statements do not always tell the entire story about a company. Accounting methods and fi...
View summary