Answered: Accountants role in the organization

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4DQ: Should a managerial accounting system provide both financial and nonfinancial information? Explain.

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Accountants role in the organization

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An accountant can be anything from a simple bookkeeper to a strategic adviser, interpreting financial information for senior decision-makers in the business.

The primary role of an accountant in an organization is to take care of the company's accounts and simultaneously suggest managers and executives about the financial aspect of the organization and also what needs to be done in order to make it better. They need to produce reports, budgets, financial statements, etc. They need to conduct internal audits in the organization, forecast income and expenditure of the organization as well.

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