How do accountants and financial managers differ in their use of financial information? Why is cash flow more significant to a financial manager than it is to an accountant?
An accountant is a practitioner of accounting or accountancy, which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resource. Accountants use financial information to advice an organization on the financial viability of and whether they are making profits or losses alongside holding the accountable. Financial managers on the other hand use financial information to help in the allocation of funds to different departments.