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The financial statements used in accounting are like a photograph of the companies financial standing at any given period. This is important to managers because this shows them how much money the company is making (revenue) and spending (expenses and supplies, etc.)
By viewing this a manager can decide several things, can the company afford to hire more employee's or is the financial state of the company not good enough for them to afford salaries or wages. Does the company need to lay-off employee's, is the company earning a profit or are they showing a loss?
Accounting it literally the life blood of any business, without knowing where a company stands financially, a manager, a CEO, or even a private owner can not operate the business to its fullest potential.
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Who are the user of accounting?
a manager employees public taxauthorities analysts
3 important activities in accounting process?
real accounting, nominal accounting,personal accounting
Where can someone find accounting manager jobs?
There are a variety of sources in which one may find accounting manager jobs. Careerbuilder, Monster and Indeed are great websites to find jobs in any field.
What kind of jobs can you do with your degree in Accounting?
cfo, banker, financial manager
What are the typical responsibilities of an accounting manager?
An accounting manager, who generally is required to have at least a BA in Accounting, Finance or Business, likely will report to the CFO of a company. While there are various types of accounting managers, in most cases they are responsible for overseeing the accounting staff across the various accounting areas and making certain that the appropriate financial documents are prepared and completed with integrity, security and in a timely fashion in compliance with state and federal regulations.
