role of the financial accountant Flashcards
1
Q
outline 4 roles of the financial accountant
A
- to keep accurate records of the daily financial transactions of the firm.
- to prepare income statements and statement of financial positions.
- to make use of ratio analysis in order to compare performance from one year to the next and with competitors.
- to report to the owner of the firm the effect of managerial decisions on the performance of the firm.
