Which of the following statements is true of financial accountants?

A. They compile reports only as they are needed.
B. They help managers make business decisions.
C. They are often managers or supervisors.
D. They are required to follow rigid standards.

Financial accountants are required to follow rigid standards set by generally accepted accounting principles (GAAP). Unlike budgets, financial accountants prepare financial reports based on these standards, providing an accurate representation of an organization's financial activities. Their role is crucial in ensuring accountability and producing reliable financial statements for decision-making.

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Which of the following statements is true of financial accountants?A. They compile reports only as they are needed.B. They help managers make business decisions.C. They are often managers or supervisors.D. They are required to follow rigid standards.

Answer :

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Explanation:

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Other Questions

Which of the following statements is true of financial accountants?

A. They compile reports only as they are needed.
B. They help managers make business decisions.
C. They are often managers or supervisors.
D. They are required to follow rigid standards.