Although managers who work for large firms must know something about accounting, people who run small businesses only need to know the basics of bookkeeping.

Question

Quizplus · Accepted Answer

Both managers in large firms and small business owners need a solid understanding of both accounting and bookkeeping to effectively manage their operations and finances. Accounting provides a broader view including analysis and interpretation of financial data, which is crucial for strategic planning in any size business.

Although Managers Who Work for Large Firms Must Know Something