Finance is the language of business. Like any other language, it has its own terms and rules. To understand how to interpret and use the information accounting provides, you must first understand this language. Understanding the basic concepts of finance is essential to success in business. Businesses use this information for planning and budgeting and for making decisions about borrowing and investing. Overall, finance and accounting aid businesses in the process of making better decisions. Today, every employee needs to be more commercially aware more than ever before. Even if they do not have to manage budgets or finances themselves as part of their roles, they still need to understand about the financials of a company, what it all means, and the impact of their actions on the bottom line.