By examining accounting data from previous years, financial managers have data to base their decisions on when projecting next year's numbers, such as sales and expenses. Another way financial officials use accounting data is to predict future performance and analyze the company's overall performance. Also, thanks to accounting data, we can determine whether there is an excess amount of unused money and, if so, how to correctly invest these funds. By examining the company's cash flow/projections, financial managers can determine how much money the company needs to allocate for short-term use and how much money needs to be set aside for long-term use. Based on this, these financial managers can then choose bonds, stocks or other investment options that best suit the company's goals/needs. Last but not least, finance managers use accounting data to evaluate the overall performance of the company. This assessment will then help them come to a conclusion about what needs to be changed and what can stay that way