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How A Chief Accountant Should Have A Clear Understanding Of Both Financial And Managerial Accounting

207 Words1 Pages
A chief accountant is a vital member of the cross-functional team. The chief accountant should have a clear understanding of both financial and managerial accounting because each system of accounting deals with very different aspects of the organization. The chief accountant provides data across all aspects of the organization’s internal operations and external environment. Both systems interact with each other, and use the information from each other, in order for management to make the wisest choices for the business. A chief accountant must be able to meet the demands of an ever-changing business environment. One must have a critical mind in identifying ideas or ways of solving the problem from the data gathered and making a choice on which

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