What the functions of manger -accounts and manager-finance.explain in detail.

The person who has been in the mid career level as asst.mgr ,taking care of various function and porfolios of accounts department and expert knowledge in accounting concepts is said to be ab manager -accounts generally in manufacturing organisaton.where as latter head for finance organisation and has been in flied with excellent knowledge and concepts of gap,etc.

Questions by ramji70

Showing Answers 1 - 5 of 5 Answers

rangasait

  • Aug 6th, 2006
 

please send me account questions &answers for interview

this site is very use ful for accounts

as i am doing course form institute of computer accountant

my course is going to complete within one month

please send me the interview question and answers

that help for my future in accounting

thanking you

T.Rangasai

  Was this answer useful?  Yes

kemal ahmed endeshaw

  • Aug 23rd, 2007
 

when we see their difference from broad organizational review
the function of accounts manager
1. the approval of the accounting system utilization and calculated amounts in supportable documents ,for example in journal vouchers
2. the approval of the newly used accounting methods that has to be adopted and the change of the accounting procedures of the company
but regarding the manager
1. controls the over all activity of the organization including the account manger

  Was this answer useful?  Yes

dg83384

  • Jan 20th, 2010
 

Recording: This is the basic function of accounting. It is essentially concerned with not only ensuring that all business transactions of financial character are in fact recorded but also that they are recorded in an orderly manner. Recording is done in the book "Journal".

Classifying: Classification is concerned with the systematic analysis of the recorded data, with a view to group transactions or entries of one nature at one place. The work of classification is done in the book termed as "Ledger".

Summarizing: This involves presenting the classified data in a manner which is understandable and useful to the internal as well as external end-users of accounting statements. This process leads to the preparation of the following statements:
(1) Trial Balance,
(2) Income statement
(3) Balance sheet.

Analysis and Interprets: This is the final function of accounting. The recorded financial data is analyzed and interpreted in a manner that the end-users can make a meaningful judgment about the financial condition and profitability of the business operations. The data is also used for preparing the future plan and framing of policies for executing such plans.

Communicate: The accounting information after being meaningfully analyzed and interpreted has to be communicated in a proper form and manner to the proper person. This is done through preparation and distribution of accounting reports, which include besides the usual income statement and the balance sheet, additional information in the form of accounting ratios, graphs, diagrams, funds flow statements etc

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions