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 prudence is a very challenging endeavor where one inevitably to balance various aspects of the business not all universe remuneration related such(prenominal) as good citizenship and existence environmental friendly with others that are profit related and pendant to a fierce competition from a multitude of international players having various geographical competitive advantages.

In this context, the financials of a business is at the center of any organizations activities and the accountants and financial managers are the people make 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 services a financial manager with that of an accountant, we must first curtly describe them.

An accountant performs the function of registering 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 Statement 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 consideration such as the changes in technologies, society, politics and natural events make predictions and decisions to best sustain the organizations profit related goals and at the same 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 near time known and predicable and some times not. With all this sad, it is transparent 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 generate results and the outcome of these...

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