Question

Which of the following statements is correct?a. The role of Finance is to use the numbers developed through accounting to aid in decision making.b. The role of Finance is to use the accounting data to make all the decisions of the firm.c. The role of Finance is to make sure the firm shows a profit on its books.d. The role of Finance is to make sure the accountants are doing their job.

Answer 1

Answer:

a. The role of Finance is to use the numbers developed through accounting to aid in decision making.

Explanation:

Finance department is solely responsible for making any conclusions from the financial statements.

Accounts basically helps in maintaining and preparing the financial statements and it represents the true and fair view.

But all the conclusions are drawn by the finance department.

That is the basic role of financing to help the management, draw conclusions and from such conclusions the decisions for further running the business.