For Puja

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%

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