Explain characteristics of an internal accounting system

Assignment Help Managerial Accounting
Reference no: EM13489156

You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The CEO is not convinced that a managing accountant position is needed. Prepare a 1page memo for the CEO on the following:
• Explain the objectives and characteristics of an internal accounting system.
• Include an explanation of the importance of this information to the company.
• Include an explanation of ethics in business and the managerial accountant's role in upholding the code of ethics.

Reference no: EM13489156

Questions Cloud

Explain what is the partial pressure of 02 in mm hg : A gas mixture containing 0.300 mol O2, .500 mol CO and .250 H2 mol exerts a total pressure of 1.6 atm. What is the partial pressure of 02 in mm Hg
What is cost of raw material issued to wip : What is Cost of raw material issued to WIP, Cost of Goods Manufactured, Cost of Goods Sold and Net Income.
What is the volume of the tank in liters : A steel tank contains 342 g of ammonia gs (NH3 with molar mass 17.0 g/mol) at a pressure of 1.13 x 106 and a temperature of 70.6oC. What is the volume of the tank in liters
Explain what is the equilibrium constant kc for the reaction : What is the equilibrium constant Kc for the reaction below. Assume temperature is 25oC.
Explain characteristics of an internal accounting system : You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The CEO is not convinced that a managing accountant position is needed.
How the short term nature of such measures : "Both Return on Investment (ROI) and Economic Value Added (EVA), when used as performance measures in an organisation, encourage managers to be short-term in their focus and decision making".
What is the beams pressure on the wall : A beam of hydrogen molecules (H2) is directed toward a wall, at an angle of 58° with the normal to the wall. What is the beam's pressure on the wall
Estimate the net cash received by senior management : Discuss and conclude whether you agree with Foodage's stated reasons for their non-compliance with the King III requirements, based on the extracts from the 2012 corporate governance report.
Explain h2 is a limiting reagent neither gas : Consider the following reaction. N2(g) + 3H2(g) > 2NH3(g) The initial pressures of the H2 IS 3 atm and the pressure of the N2 IS 2 atm. Which statement is true? N2 is a limiting reagent H2 is a limiting reagent Neither gas is a limiting reagent

Reviews

Write a Review

Managerial Accounting Questions & Answers

  An equipment acquisition proposal was being considered by a

an equipment acquisition proposal was being considered by a large health care organization. the array machine will

  Can a small group of well organized activists

Human rights groups, environmental activists, and other interest groups concerned with unethical business practices have often conducted publicity campaigns against various corporations that those groups feel have engaged in unethical practices.

  King manufacturing has four categories of overhead the four

king manufacturing has four categories of overhead. the four categories and expected overhead costs for each category

  Questionnbspnbspthe rohr companys old equipment for making

questionnbspnbspthe rohr companys old equipment for making subassemblies is worn out. the company is considering two

  Finlon upholstery inc uses a job-order costing system to

finlon upholstery inc. uses a job-order costing system to accumulate manufacturing costs. the companys work-in-process

  Melody instruments co. ltd

Corporate governance is a system of controls by which a company is directed and managed. It sets out the framework governing the ethical conduct and business practices of the company and its employees

  Find the cost of goods sold for the year

Find the Cost of goods sold for the year- accounting records of Karlana Corporation for the just-completed year.

  Interpreting regression results matching time periods

interpreting regression results matching time periods brickman apparel produces equipment for the extreme-sports

  What would sloshs total dollar sales

What would Slosh's total dollar sales have to be next year to generate a profit of $90,000 and accumulate costs of idle capacity and organization-sustaining costs.

  Major methods of developing advertising budge

Describe the major methods of developing the advertising budget. Make sure you take the position on which method you think is best and why.

  Setting selling prices

Discuss the issues that must be taken into consideration when setting selling prices, which is the usual reason given for the need to know the full cost.

  Explanation cash conversion cycle question

Conversion Cycle. What effect will the following have on the cash conversion cycle?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd