Asked by Matthew Payeff on Jul 18, 2024
Verified
The financial manager for a typical corporation is responsible for
A) designing the accounting system
B) gathering,recording,and reporting financial information
C) determining the most appropriate sources and uses of funds
D) preparing operating budgets for various departments
Financial Manager
A professional responsible for managing the financial health of an organization by developing strategies and plans for the long-term financial goals of their organization.
Accounting System
A structured process of collecting, recording, summarizing, and reporting financial transactions to oversee a company's financial health.
Operating Budgets
Detailed projections of income and expenses associated with the daily operations of a company over a specific period.
- Identify the major positions and responsibilities within an entity's financial management architecture.
- Understand the function of finance within business activities and its influence on organizational goals.
Verified Answer
Learning Objectives
- Identify the major positions and responsibilities within an entity's financial management architecture.
- Understand the function of finance within business activities and its influence on organizational goals.
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