Compare and contrast the role of a financial manager with the role of an accountant

THE FINANCIAL MANAGER AND THE ACCOUNTANT                   Doing business in todays discernment is a very challenging endeavor where one ineluctably to balance unlike aspects of the business not all conception remuneration related such(prenominal) as good citizenship and existence environmental friendly with others that atomic number 18 profit related and pendant to a fierce competition from a multitude of international players having various geographical competitive advantages. In this context, the fiscals of a business is at the center of any organizations activities and the accountants and financial managers are the people rack up sure they are in line with the organizations goals and all organisational functions are synchronized for surmount results. To compare and contrast the engagement of goods and work a financial manager with that of an accountant, we must first in short describe them. An accountant performs the function of reg istering the data of all organisational activities that can be reduced to transactions and periodically preparing the intravenous feeding financial statements: The Balance Sheet, The record of Cash Flows, The Income line of reasoning and The Statement of Changes in Owners Equity. The financial manager function requires to use the study prepared by the accountants and based upon other want such as the changes in technologies, society, politics and natural events study predictions and decisions to best sustain the organizations profit related goals and at the very(prenominal) cartridge clip maintain an acceptable position with regard to the not profit related goals. All these activities need to be flexible and to accommodate changes by a multitude of factors nest time known and predicable and some times not. With all this sad, it is impartial that the financial manager is a consumer of accounting output that is the financial statements, and based upon this information decisions for in store(predicate) actions ! are taken. These actions, when implemented commit results and the outcome of these... If you want to live a full essay, nine it on our website: OrderCustomPaper.com

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