Which of the following statements is most accurate?
A)Financial managers keep the books for a firm.
B)Accounting and finance are not related.
C)Financial managers need to understand accounting.
D)Non-profit organizations must choose between accounting and finance.

Question

Quizplus · Accepted Answer

Financial managers are responsible for making financial decisions and managing the financial operations of a firm. In order to make informed decisions, they need to have a good understanding of accounting principles and financial statements. Therefore, Choice C is the most accurate statement. Choices A, B, and D are incorrect as financial managers do more than just keeping the books, accounting and finance are related, and non-profit organizations need both accounting and finance.

Which of the Following Statements Is Most Accurate