Because of its institutionalization as a profession, accountancy
             often has more legitimacy as a profession in the eyes of many individuals,
             as opposed to more vague notions of what constitutes financial management.
             However, simply because his or hers is a newer position within the American
             corporate financial structure and hierarchy, this does not mean that a
             financial manager is simply a so-called glorified accountant.' (Brearley,
             2003) In contrast to accountants, the role of a financial managers tend to
             be both more diffuse and qualitative in nature. Its lack of definition can
             be a strength and a source of interest for a potential financial manager,
             The U.S. Department of Labor, states that as well as organizing
             financial data like accountants do, many financial managers are spending
             more time developing strategies and implementing the long-term goals of
             their organization. (Job Outlook, 2004)
             The distinction between long and short term is very important in
             understanding the difference between financial managers and accountants.
             Unlike an accountant's more retrospective outlook on the organization's
             financial quarters of the past, a financial manager has a crucial role in
             determining what potential strategies will be for the organization over the
             coming year, focusing on the present and the future.
             For instance, pricing goods against competitors, suggesting cutting
             costs in particular areas while shifting profits to others all come more
             under a financial manager's rubric of analysis. To suggest a price a
             financial manager must have a clear understanding of the nature and
             marketing texture' product being sold, as well as only its profitability,
             which is more of an accountant's focus. (Daly, 2004)
             Financial managers unlike accountants also tend to have more
             responsibility for managing individuals vertically in the organization,
             ...