In what important ways do financial managers and the accounting discip

In what important ways do financial managers and the accounting discipline interact?

What will be an ideal response?

ANSWER

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.