In what important ways do financial managers and the accounting ...

[Kikoku]

In what important ways do financial managers and the accounting discipline interact?
 
  What will be an ideal response?

Question 2

An employee of Nelson Manufacturing was injured by a defective machine Nelson purchased from Clark Corporation.
 
  The employee's tort action against Clark was successful. Clark, in turn, sued Nelson, alleging that Nelson failed to provide proper operating instructions to the employee. This claim (Clark vs. Nelson) is covered under Part Two of Nelson's workers compensation and employer liability policy. Such claims are called
  A) third-party over cases.
  B) absolute liability cases.
  C) joint-and-several liability cases.
  D) mass tort cases.

[Jordin Calloway]

Answer to Question 1

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.

Answer to Question 2

Answer: A

[Kikoku]

Excellent

[mjenn52]

TYSM