THE FINANCIAL MANAGER AND THE ACCOUNTANT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Doing business in todays concern is a very challenging endeavor where one ineluctably to balance miscellaneous aspects of the business not all instauration remuneration related such(prenominal) as good citizenship and existence environmental friendly with others that ar profit related and pendant to a fierce competition from a multitude of international players having various geographical competitive advantages. In this context, the pecuniarys of a business is at the center of any organizations activities and the accountants and financial managers are the people render sure they are in line with the organizations goals and all organisational functions are synchronized for surmount results. To compare and contrast the utilisation of goods and work a financial manager with that of an accountant, we must first dead 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 debate 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 favor such as the changes in technologies, society, politics and natural events stain predictions and decisions to best sustain the organizations profit related goals and at the similar cartridge clip maintain an acceptable position with imagi ne to the not profit related goals. All the! se activities need to be flexible and to accommodate changes by a multitude of factors climb up time known and predicable and some times not. With all this sad, it is bold 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 open results and the outcome of these... If you want to live a full essay, ordination it on our website: OrderCustomPaper.com
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