From Accounting to Management
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Questions and Answers

What are some of the advanced finance functions that accounting provides training in?

  • Marketing analysis and budgeting
  • Product development and innovation
  • Human resources management and recruitment
  • Transactions and cost analysis (correct)
  • Why might new recruits want to get into accounting?

  • To focus solely on compliance and taxation
  • To avoid responsibility
  • To avoid interacting with clients
  • To gain necessary training and experience (correct)
  • What is one reason accounting is a better training area for higher-level managers?

  • It involves less responsibility than other areas of business
  • It provides training in areas such as financial management and customer support (correct)
  • It offers a narrower scope of responsibility
  • It does not involve interaction with clients or decision making
  • Study Notes

    • Accounting department likely to become a common route to top management positions
    • Accounting provides training in transactions, cost analysis, and advanced finance functions
    • Well-trained people will advance out of accounting
    • New recruits will clamor to get into accounting for necessary training and experience
    • Senior management personnel may come out of accounting
    • Accountants are increasingly involved in direct interaction with clients, decision making, and strategy-making
    • Accountancy involves key areas of business forecasting, taxation, compliance, financial management, and customer support
    • Accounting handles multitude of additional tasks
    • Accounting is a better training area for higher-level managers
    • Accounting offers greater breadth of responsibility.

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    Description

    Are you interested in advancing your career to a top management position? Do you have a background in accounting or are considering pursuing a career in this field? Test your knowledge and understanding of how accounting can provide the necessary training and experience for higher-level management positions. This quiz will explore the various skills and responsibilities involved in accounting, and how they can lead to success in senior management roles. Keywords: accounting, management positions, training, experience, skills, responsibilities.

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