What is the value of budgets and proforma statements to both accounting and finance?

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1. How can we explain, by use of accounting and finance, the success or failure of new companies and their securities used to raise capital? 2. What risks should a firm take, and how can you justify them by use of accounting and finance? 3. What is the value of budgets and proforma statements to both accounting and finance? 4. Why are accounting and financial systems so prone to crisis? http://www.differencebetween.net/business/difference-between-accounting-and-finance/ http://www.differencebetween.net/business/planning-activities/difference-between-budgeting-and-forecasting/

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