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