The financial manager for a typical corporation is responsible for ______.
A) designing the accounting system
B) determining the most appropriate sources and uses of funds
C) gathering, recording, and reporting financial information
D) preparing operating budgets for various departments

Question

Quizplus · Accepted Answer

The financial manager is responsible for determining the most appropriate sources and uses of funds for the corporation. While they may work with the accounting system and financial information, that is not the main focus of their role. Operating budgets may be prepared by department managers or financial analysts, rather than the financial manager for the entire corporation.

The Financial Manager for a Typical Corporation Is Responsible for ______