Roles of the financial accountant Flashcards
1
Q
4 roles of the financial accounta
A
Keeps accurate records of the daily financial transactions of the firm
Makes use of ratio analysis in order to compare performance from one year to the next and with competitors
Reports to the owners of the firm the effect of managerial decisions on the performance of the firm
Prepares periodic financial statements to show profit/loss, statement of financial position etc
2
Q
A
