Financial management is best described by which of the following?
A) It is typically performed by a company's CEO.
B) It uses financial statements prepared by accountants to make financial decisions.
C) Its purpose is to collect and present financial data.
D) It is completely different from accounting.

Question

Quizplus · Accepted Answer

Financial management involves analyzing and interpreting financial statements prepared by accountants to make informed financial decisions. It goes beyond just collecting and presenting financial data and is closely related to accounting. While the CEO may be involved in financial management, it is not solely their responsibility, and it is not completely different from accounting.

Financial Management Is Best Described by Which of the Following