Chapter 1 - Chapter1:IntroductiontoManagerialAccounting...

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Chapter 1: Introduction to Managerial Accounting Planning: yearly plan Directing: overseeing day to day operations Controlling: evaluating results against the budget Decision making Changing roles management accountants o Impact of technology o Ensuring accurate financial records o Planning, analyzing, and interpreting accounting data o Providing decision support Required skills o Knowledge of accounting o Analytical skills o Knowledge of how  business functions o Ability to work on a team o Oral and written communications skills Institute of management accountants (IMA) o Professional organization o Ethical standards Regulatory and business issues o Sorbanes-Oxley Act of 2002 (SOX) Restore trust in publicly traded corporations, management,  financial statements, and auditors CEO /CFO requirements:  Financial statements Internal control structure
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This note was uploaded on 03/01/2012 for the course ACG 2071 taught by Professor Sumbiznatch during the Spring '06 term at University of Florida.

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Chapter 1 - Chapter1:IntroductiontoManagerialAccounting...

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