• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

A Career In Accounting 2 A Career In AccountingManagement accounting is considered one of the most essential management services

Extracts from this document...

Introduction

A Career In Accounting 1 Running Head: A Career In Accounting A Career In Accounting Cassondra D. Johnson ACG420 UNIT1IP 12 JUNE 05 A Career In Accounting 2 A Career In Accounting Management accounting is considered one of the most essential management services. Management accountants are considered internal managers; they produce information for managers within an organization. Management accountants identify, measure, accumulate, analyze, prepare, interpret and communicate information that helps managers fulfill organizational objectives. With increased competition and consequent economic pressures, management accounting has become part of the primary fabric of management. There is no denying the fact that an organization's success or failure is dependent on the quality of information made available to the management; this is where a management accountant becomes vital. ...read more.

Middle

Prepares annual operations and maintenance budget for equipment and supply items. Controls the execution of current year financial plan, by reviewing daily, monthly, and quarterly accounting reports to endure sufficient funding is available to accomplish mission goals. A Career In Accounting 3 EDUCATION REQUIREMENTS: Degree in accounting or a degree in a related field such as business administration or finance. Should include up to 6 hours of credit in business law. Financial accountants provide information for external parties, such as investors and government authorities. Financial consultants establish an ongoing relationship and work together as partners for the long haul. Based on an in-depth interview, a financial consultant will work with the customer to develop an individualized financial plan tailored to the particular circumstances, investment objectives, and risk tolerance of the individual. ...read more.

Conclusion

Ability to acquire and maintain changing product information for all products supported, as well as maintaining a broad knowledge of the industry and the ability to keep informed of trends and developments. Innovation and flexibility are essential to meet the demands of an ever-changing market. Excellent analytical skills are needed to recommend the appropriate products and services to customers. Experience as a sales professional, attorney, financial planner, or banker developing business and establishing long-term relationships with affluent clients. EDUCATION REQUIREMENTS: A bachelor's degree in a business related discipline is strongly preferred; an MBA, JD, CPA, CFP, CIMA, or other related professional certification is a plus. A Career In Accounting 4 New Haven County Jobs, Retrieved on 5 June 2005, from http://www.newhavencountyjobs.com/jobdescr.asp?jobcode=2881 TopUSAJobs.com, Retrieved 5 June 2005, from http://financial.advisor.jobs.topusajobs.com/ Horngren, C., Sundem, G., & Associates, (2003), Introduction to Management Accounting, Pearson Education international ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Accounting & Finance section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Accounting & Finance essays

  1. Marked by a teacher

    effective cashflow management

    4 star(s)

    immediately and put business back on the right track to a positive cash flow. BENEFITS OF BUDGETING * Planning can be easily linked to management decisions * Managers can be made responsible for budgets * Budgets encourages co-operation and co-ordination * Outcomes can be compared to budgets * Sets standards

  2. Harmonisation of accounting standards in Europe

    the IASB operating in private sector, will not be effective in all countries). A further problem is the nationalism in some countries, which include the unwillingness of certain countries to accept compromises. The last obstacle is the effect of 'economic consequences' on accounting standards, as they vary by country,

  1. Personal budget

    Keep your personal budget safe and remember to refer to it at all times. Advantages and disadvantages When setting up a personal budget there are advantages and disadvantages and there are also advantages and disadvantages of those who do not use a personal budget.

  2. Management Accounting Report.

    than the normal ones and in that way the hotel can not complain because the company can explain that is the quality for how mach they are paying for. 4. Another thing that might work is that the company should allow discount to all the customers that are willing to buy 400 food mixers or more.

  1. Unit 5 Introduction to Accounting

    So this means that they could have a good idea of how well the company is doing. Helping the management of the business Well prepared accounting statements will inform planning decisions and allows the directors and managers to monitor the progress of the company and to keep better control over its activities.

  2. 'Historic cost accounting is the worst possible accounting convention, until one considers the alternatives.'

    Different new models of accounting were developed and such work continued through to the early 1980s. Although it declined with the levels of inflation dropping throughout the world, the debate carries on. It has been argued that historical cost accounting information suffers from problems of relevance in times of rising

  1. Financial Management

    Financial Management deals with the process adopted by an organisation for taking financial decisions through analysing and interpretation of financial data for meeting the organisations objectives. Hence, the tasks involved in Financial Management include: > Analysing financial needs > Forecasting financial needs > Managing working capital > Planning capital

  2. Describe what financial accounting and management accounting are and what the main differences are.

    Management accounting is done for the people that are inside the business and are there to forecast for the future of the business for any future costs or profit. In management accounting information is gathered to help the company to come up with different business strategies to help the company plan and control the various activities of the business.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work