Which statement is most accurate? Accounting and finance are not related. Financial managers keep the books for a firm. Financial managers need to understand accounting. Nonprofit organizations need accounting but not finan

Which statement is most accurate? Accounting and finance are not related. Financial managers keep the books for a firm. Financial managers need to understand accounting. Nonprofit organizations need accounting but not finan

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 3MC: External users of financial accounting information include all of the following except ________. A....

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Question

Which statement is most accurate?

Accounting and finance are not related.
Financial managers keep the books for a firm.
Financial managers need to understand accounting.
Nonprofit organizations need accounting but not finance.

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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