Chpt 1 outline

Chpt 1 outline - CHAPTER 1 Bamber et al. 2008 Why are we...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: CHAPTER 1 Bamber et al. 2008 Why are we here? In a nutshell: Financial accounting Management accounting Four primary functions of management: 1. Planning 2. Directing 3. Controlling 4. Decision-making Management accounting directly supports all four of those management responsibilities. Product costs Financial accounting versus managerial accounting see exhibit 1-2!! There are four big, big points: Management accounting and GAAP Management accounting and auditors Information in management accounting reports Purpose of management accounting reports Organization structure of management accounting Who hires the following? The Board The CEO The COO, CFO, and other C-level executives Who do management accountants report to? Who do internal auditors report to? Cross-functional teams: Board of Directors Chief Executive Officer Chief Operating Officer Chief Financial Officer Vice Presidents of various operations Treasurer Controller Internal Audit Audit Committee Board of Directors Chief Executive Officer Chief Operating Officer Chief Financial Officer Vice Presidents of various operations Treasurer Controller Internal Audit Audit Committee Board of Directors Chief Executive Officer Chief Operating Officer Chief Financial...
View Full Document

Page1 / 9

Chpt 1 outline - CHAPTER 1 Bamber et al. 2008 Why are we...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online