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Is it necessary for a finance manager to understand accounting if the firm has a professional accountant on staff?
Wiki User
∙ 10y ago
Absolutely - at least well enough to understand what the accountant is saying. Part of the finance manager's job is to help make decisions about the company's future. All the accountant can do is tell the manager about the company's present.
Another part of the finance manager's job is to know the right questions to ask the accountant.
Wiki User
∙ 10y ago
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Is accounting a good field to find a job in?
Accounting is a great field to find a job in because accountants are always necessary! The best part of looking for a job in accounting is that one can work independently AS an accountant, or as part of the accounting department for a company that provides other services. For example, an accountant may find a job doing accounting for a hotel.
Is it necessary for a business manager to understand basic accounting?
yup. because he needs to know the financial condition of the company. it is ,ore necessary if the business manager is also the owner of the company.
What type of training is necessary for a career in accounting?
In general, accounting classes are necessary for one to get a career in accounting. Websites such as AccountingCoach and AMANET can provide this training.
Is the adequate disclosure accounting concept is applied when financial statements contain all information necessary to understand a business's financial condition?
yes, yes it is
How do you solve difficult problems in accounting?
First, make sure you understand the question and that you have and understand all the components or facts you need to make the necessary calculations. You may have to calculate additional necessary numbers based on the numbers that you are given. Then look up the necessary steps for a given calculation (if you haven't memorized them), and just follow them.
What temperaments are necessary to become accountant?
You must be determined to be an accountant. It will also help if you are easy going and not too affected by stressful situations.
To effectively run a business it is necessary to hire a full-time accountant?
it is necessary to hire a full time account.
What should one do if there is an income tax problem?
The first piece of advice for anyone experiencing an income tax problem is not to panic. There are lots of individuals and organizations that will help, advise and if necessary represent one. One should consult with a professional, usually an accountant to start with and follow their advice. They will understand how serious the problem is and how best to resolve it. They will also know when a tax lawyer is required.
What special skills talents or personality traits are necessary for being an accountant?
you have to kind
How does cost accounting connect with financial accounting and management accounting?
Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.
What is scrap in cost accounting?
The main purpose of cost accounting is to provide mangement with financial information necessary
What kind of training do you need to become an accountants?
they need accountancy A-levels, Maths (not very necessary), business , sociology (helps). That's it. You could do a deegree as well but this is all you need to be an accountant. A little experience also helps. Hope this helps bye
