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.
|
Grading Criteria |
Percentage |
|
Objectives and characteristics of an internal accounting system |
35% |
|
Importance of internal accounting information to the company |
35% |
|
Ethics in business and the managing accountant’s role |
30% |