The trend of economic development suggests that in the near future the work of financiers will come to the fore. The priority of their activities has long been known to Western financiers, while in our country financial management is just passing through the period of its formation. Sometimes this work is entrusted to an accountant, whose knowledge, education and a huge workload with his direct responsibilities do not allow him to fully perform the functions of a financier.
The goal of an accountant is completely different, it is transparent and obvious - this is the compliance of the company's activities with tax legislation. The difference in goals also determines the type of thinking, which is fundamentally different from the thinking of a financier.
A financial manager, focusing on financial results, is constantly forced to evaluate alternative opportunities in the capital market. To direct the company's resources in a profitable direction, it has to make investment decisions, taking into account all the risks and assessing the potential profitability of possible investment options.
Information competence is perhaps the main difference between a financial manager and an accountant. If the accountant operates with primary data and, on the basis of tax legislation, using the 1C accounting software product, prepares the necessary reporting, then the financier predicts the future state of the company, performing additional processing of primary data and conducting an analysis using a special method, the knowledge of which is beyond the competence of the accountant.
Any manager is interested in the forecast, budget and strategy of the enterprise. A financial manager, having information about the company's activities in value terms, knowing about cash flow and purchases, being guided by the company's strategic position in the market, can provide this information to the manager.
The CFO knows better than others about the state of the company at the moment and has a good idea of the future of the company. He may, based on this, make a decision to take out a loan, for example, or pay debts later. His distinctive feature is that he is familiar with commercial law, and can always point out alternative options for a way out of any situation. Note that various financial statements that can be obtained using the 1C: Enterprise software solution are a good help in the work of a financier.
In theory, one person can perform the functions of a financial manager and an accountant, but this will be quite difficult and will not provide the head of the company with all the necessary information.
