Accountants do the work involved in recording financial events and transactions, but the actual classifying and interpreting of this data is left to financial managers.

Question

Quizplus · Accepted Answer

Accountants are involved in the recording, classifying, summarizing, and interpreting of financial events and transactions, not just the recording part. Financial managers use this interpreted data for decision making and planning.

Accountants Do the Work Involved in Recording Financial Events and Transactions