Which of the following statements is most accurate?
A) Accounting and finance are not related.
B) Financial managers keep the books for a firm.
C) Financial managers need to understand accounting.
D) Nonprofit organizations must choose between accounting and finance.

Question

Quizplus · Accepted Answer

While accounting and finance are distinct disciplines, they are closely related and financial managers need to have a solid understanding of accounting principles in order to make informed financial decisions. Therefore, statement C is the most accurate. Statements A, B, and D are all incorrect.

Which of the Following Statements Is Most Accurate