is the function in business that is responsible for acquiring funds for the firm,and managing funds within the firm.
A)Financial accounting
B)Managerial accounting
C)Finance
D)Accounting

Question

Quizplus · Accepted Answer

Finance is the function that is responsible for acquiring funds for the firm (through activities such as issuing stocks/bonds, taking out loans), as well as managing funds within the firm (through activities such as budgeting, forecasting, and making investment decisions). Financial accounting and managerial accounting are related functions but have different focuses - financial accounting is focused on creating financial statements for external parties while managerial accounting is focused on providing information for internal decision-making. Accounting is a broader term that encompasses both financial and managerial accounting, but it does not specifically refer to the function of acquiring and managing funds.

Is the Function in Business That Is Responsible for Acquiring