In what important ways do financial managers and the accounting discipline interact?
What will be an ideal response?
Financial managers deal with the management of working capital, capital structure decisions, and capital budgeting. In each of these a financial manager relies heavily on the development of accurate financial statements and the projection of those statements into the future. Thus a financial manager needs statements of cash flows, balance sheets, and income statements to better determine current costs of capital and to project pro forma financial statements.
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During the period from 1895 to 1904, the public saw the growth of huge firms as a natural, inevitable, and desirable response to the new economic incentives.
a. true b. false
The Sarbanes-Oxley Act requires that public companies:
a. submit an annual report to the SEC within 10 days after issuance of their 10-K. b. provide a proxy ballot to shareholders at the annual meeting of a public company. c. issue a report on their internal controls. d. All of the answers are correct.