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Internal Accounting Systems
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 1-2 page 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.
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