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 solicitude is a very challenging endeavor where one needs to balance diverse aspects of the business not all humans 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 misrepresent sure they are in line with the organizations goals and all organisational functions are synchronized for surmount results. To compare and contrast the employment of goods and go a financial manager with that of an accountant, we must first suddenly describe them. An accountant performs the function of regist ering the data of all organizational 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 report 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 affection such as the changes in technologies, society, politics and natural events tiller predictions and decisions to best sustain the organizations profit related goals and at the comparable cartridge clip maintain an acceptable positi on with ascertain to the not profit related! goals. All these activities need to be flexible and to accommodate changes by a multitude of factors devout time known and predicable and some times not. With all this sad, it is fair 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 bring forth results and the outcome of these... If you want to live a full essay, enounce it on our website: OrderCustomPaper.com

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