Question

Is this a ture statement? please write a comment.

Accountants are tasked with analyzing the financial data of a company to be summarized and prepared in various financial statements. The financial managers use this information to make projections and goals for the company. This will allow them to make decisions about where to invest, what areas need to be improved, what might need to be cut, and how much revenue they can generate moving forward.

Please don't hand write.

Thank you.

Answer 1

True

Accountants are obligated to track the day to day operations and keeping the information .preparing the financial statements according to the books of accounts is the another job of accountants, they helps to assess the cost and profit and current financial position of a company by analysing the financial statement such as balance sheet, cash flow statement and profit and loss account

Finance managers helps to achieve the financial goals of the company by forecasting finance and decision making on the future projects, they are supervised the investment decision of the company, maximum profit with minimal cost is the main motive of a financial manager with corporate social responsibility, that’s why they find way to cut the costs.