Question

In: Finance

1) What were the functional differences in finance and accounting? What are the similarities between these...

1) What were the functional differences in finance and accounting? What are the similarities between these functions? What skill sets do you believe apply to accounting? To finance? Even though they are different functions, why are both of these functions often housed under the Chief Financial Officer (CFO)?

Expert Solution

1) The functional differences in finance & accounting are attached In image

2)The similarities of finance & accounting functions are-

a) both are the part of special accounting system which are applicable to both.

b) both are determining and measurement about the cost for different accounting & financial periods & different sections.

C) economic events are dealt In both system.

3)The following skills are set in accounting and finance - - -

-interpersonal skills

-Ability to communicate

-financial /Accounts reporting

-analytical ability

-problem solving skills

-innovative skill..

4)Founctions offend under CFO

There are mainly three functions of CFO

-The books and records of the company

-Financialy reporting

-Statutory compliance

The other information are attached In images.. Kindly go for this... The functional differences in finance and accounts

jeff jeffy answered 2 years ago

What are the morphological, chemical and functional similarities and differences between lysosomes and peroxisomes?

What were the similarities and differences between the two implementations?

Discuss the differences and similarities between these three business forms : 1. Differences and similarities between...

Discuss the differences and similarities between these three business forms : 1. Differences and similarities between LLC in USA vs SARL in Lebanon 2. Corporation in USA vs S.A.L in Lebanon 3. General Partnership in USA vs. Unlimited Partnership in Lebanon

In accounting, what are the main similarities and differences between a 200 rooms of 3 stars...

In accounting, what are the main similarities and differences between a 200 rooms of 3 stars hotel and a 200 slots of 3 stars camping sites?

What were the similarities and differences between farmers’ and industrial workers’ efforts to organize in the...

What were the similarities and differences between farmers’ and industrial workers’ efforts to organize in the late nineteenth century

In a page, explain the similarities and differences between financial and managerial accounting.

Compare and contrast the differences and similarities between a manual accounting system and a computerized accounting...

Compare and contrast the differences and similarities between a manual accounting system and a computerized accounting system. Some considerations include the speediness between the two, the ability to generate quick reports, and what if your software crashes. What would you do then?

1. What are the differences between public and private accounting 2. What are the differences between...

1. What are the differences between public and private accounting 2. What are the differences between the CPA and the CMA certifications? 3. What are the differences between financial accounting and managerial accounting?

What are the similarities and differences between hedging and speculating?

In at least 250 words, explain the differences and similarities between the accounting for the buyer...

In at least 250 words, explain the differences and similarities between the accounting for the buyer and seller using a perpetual inventory system versus using a periodic inventory system. Be specific! 1.What are the three (3) inventory cost-flow assumptions? 2. Which inventory cost-flow assumption usually yields the highest net income? Why? 3. Which inventory cost-flow assumption usually yields the highest ending inventory? Why? 4. Which inventory cost-flow assumption usually yields the lowest tax bill? Why? 5. During a recession, which...