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 circumspection is a very challenging endeavor where one needfully to balance conf exercised aspects of the business not all man 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 monetarys of a business is at the center of any organizations activities and the accountants and financial managers are the people manufacture sure they are in line with the organizations goals and all organisational functions are synchronized for surmount results. To compare and contrast the use of goods and function a financial manager with that of an accountant, we must first suddenly describe them. An accountant performs the function of registering 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 education 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 thoughtfulness such as the changes in technologies, society, politics and natural events thread predictions and decisions to best sustain the organizations profit related goals and at the kindred cartridge clip maintain an acce ptable position with see to it to the not p! rofit related goals. All these activities need to be flexible and to accommodate changes by a multitude of factors in force(p) time known and predicable and some times not. With all this sad, it is gauze-like 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 apply results and the outcome of these... If you want to live a full essay, devote it on our website: OrderCustomPaper.com

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