Final answer:
Accounting helps decision makers by providing snapshots of a company's performance and analyzing past financial data to support future decision-making.
Step-by-step explanation:
Accounting helps decision makers by providing them with information about the financial performance of a company. By analyzing financial statements and reports, decision makers can gain insights into the company's past performance and use that information to make informed decisions for the future. Accounting provides snapshots of a company's performance through various financial ratios and metrics, such as profitability, liquidity, and solvency. These help decision makers evaluate the company's financial health and identify areas that need improvement. For example, if a company has a low profitability ratio, decision makers may need to analyze the company's cost structure and make changes to improve profitability. In addition, accounting helps decision makers monitor the implementation of their decisions and assess whether the desired outcomes are being achieved.