Question

“The accountant is the most important advisor to an entrepreneur.” Discuss the validity of this statement, explaining a variety of ways an accountant assists an entrepreneur.

Answer 1

Answer:

An accountant performs financial functions related to the collection, accuracy, recording analysis and presentation of a business or company's financial operations. In a smaller business, an accountant's role may consist or primarily financial data collection, entry and report geeration.

Beyond being necessary for a company's immediate finanical health, accounting practices are important strategic tools for entrepreneurs. They allow small business managers to make future projections and predictions in real time.

Accountant helps entrepreneur be more responsible when it comes to time, energy and money being invested. It helps them be more efficient in attracting customers and in selling their goods or services .