Question

what is the difference between a financial manager and an accountant?

Answer 1

1.Accountant focus more on the numerical accuracy of the financial figures, while finance managers make analysis on such reports,

2.Accountant prepare reports on profit/ loss and costs, while Finance Managers assist management in designing policies or making strategies to increase revenues and to cut costs,

3. Accountant Managers report on the investment portfolio of the company, while Finance Managers manage that portfolio & give recommendations,

4. Finance managers prepare budgets & cash flow projections, making analysis on actual vs budgeted amounts and giving reports.

5.An accountant works to measure and report an organization’s financial status, where as Financial managers plan and manage an organization’s financial strategy.

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