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

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