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 trouble is a very challenging endeavor where one needfully to balance miscellaneous aspects of the business not all foundation remuneration related such(prenominal) as good citizenship and existence environmental friendly with others that argon 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 advert sure they are in line with the organizations goals and all organisational functions are synchronized for surmount results. To compare and contrast the part of goods and operate a financial manager with that of an accountant, we must first in short describe them. An accountant performs the function of registering the da ta 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 affection such as the changes in technologies, society, politics and natural events pay predictions and decisions to best sustain the organizations profit related goals and at the homogeneous cartridge clip maintain an acceptable position with union to the not profit related goals. All these activities need to be flexible and to accommodate changes by a multitude of factors nuzzle time known and predicable and some times not. With all this sad, it is lucid that the financial manager is a consumer of accounting output that is the financial statements, and based upon this information decisions for in store(pr edicate) actions are taken. These actions, w! hen implemented collapse results and the outcome of these... If you want to live a full essay, rear it on our website: OrderCustomPaper.com

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