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Words: | Submitted: Tue Jun 20 2006
... raises cash" (2001, pg 8). Hence, the financial manager's role is to be the internal link that allows companies to invest. In particular, the financial manager must decide which assets to buy (the capital budgeting decision) and how to pay for the assets (the financing decision) (2001, pg 8). An accountant is concerned with "the process of identifying, measuring, and communicating economic information about an organization for the purpose of making decisions and informed judgments" (Marshall, 2002, pg 2). An accountant's function is purely research and analysis. Because of the importance of this information to anyone with an interest in the corresponding corporation, an accountant's work must be unbiased and represent accurate and applicable information. Therefore, many accountants are outsourced from other firms and may not share the same corporate goals as the company for which they provide their services. As a general rule, accountants do not make investment ...
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