Strategic and Tactical Decision Making

Required Indicate whether the information is more representative of managerial versus financial accounting. The first item is shown as an example. Information Item: Estimates of future revenue GAAP-based product cost Salary of the manager of a particular branch of a bank Salary expense for all company employees shown in the income statement Historical-based information included in financial statements Reporting rules established by government authorities Reports designed for the company president Daily time clock reports A company's annual report to stockholders Budgets Information provided to investors and creditors Vacation schedules for key employees Customer satisfaction survey results Amount of total assets shown on the balance sheet Managerial accounting

You are employed in a large accounting firm which specialises in preparing general purpose financial reports for large companies that are listed on the Australian Securities Exchange (ASX). As the training manager, one of your key tasks is to prepare a regular newsletter for staff involved in the preparation of the above financial reports. The purpose of the newsletter is to keep staff updated on the latest financial reporting news, alerting staff of changes and developments that may impact their work, and provide enough information to staff to satisfy the following: For staff to understand the nature of the news / change / development and its potential impact (so staff can decide whether they need to investigate further given the nature of their own work); Provide directions to staff of where they can access further information on the news / change / development if they wish to (including website links where appropriate). Required: Prepare a 2 page newsletter that identifies and…

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Class book:  Fundamentals of Corporate Finance by Brealey, Myers, and Marcus Financial Managers - Explain the difference between the CFO's responsibilities and the treasurer's and controller's responsibilities.

Role of controller, role of chief financial officer. George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer. 1. In this table, indicate which executive is primarily responsible for each activity.   2. Based on this table and your understanding of the two roles, what types of training or experience will George find most useful for the CFO position?

John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the financial impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data in automatically produced reports. He has…

Todd Johnson is the vice president of Finance for Boz Zeppelin Industries, Inc. At a recent finance meeting, Todd made the following statement: “The managers of a company should use the same information as the shareholders of the firm. When managers use the same information to guide their internal operations as shareholders use in evaluating their investments, the managers will be aligned with the stockholders’ profit objectives.” Prepare a one-half page memo to Todd discussing any concerns you might have with his statement.

Subject :- Accounting

2. Finance in an organization Corporate finance is concerned with the different aspects of a business's financial management. The chief financial officer (CFO) is the top financial position in the organization and oversees several tasks. The CFO is not responsible for which of the following departments? Check all that apply. O Accounting O Administration O Human resources O Marketing Credit The Sarbanes-Oxley Act, passed by Congress in 2002, requires CEOS and CFOS to certify that the firm's: O financial statements are accurate O balance sheet includes forecasted information O financial statements are unbiased toward analyst expectations O financial statements are audited

1. Anna Financial Services Inc., located in Araneta Center, Cubao City, is a company that provides financial advice to individuals and small to mid-sized businesses. Its primary operations are in wealth management and financial advice. Each client has an account where basic personal information is stored on a server within the main office in Cubao City. The company also keeps the information about the amount of investment of each client on a separate server at its data center in Ayala, Makati City. This information includes the total value of the portfolio, type of investments made, the income structure of each client, and associated tax liabilities. In the last few years, larger commercial banks have started providing such services and are competing for the same set of customers. Anna, which prides itself in personal consumer relations, is now trying to set up additional services to keep its current customers. It has recently upgraded its Website, which formerly only allowed clients…

A career as a CFO offers a wide range of possibilities for the types of industries and companies you can work for.  It also offers opportunities to not only manage a company's finances at the highest level, but to contribute to other areas as well.  Review these three (3) case studies of CFO daily responsibilities.https://www.investopedia.com/articles/professionals/051713/day-life-cfo.asp Which CFO’s responsibilities appear to pose the greatest day-to-day challenges?  Why?  How does that CFO’s responsibility of financial planning, budgeting, and strategy play a role in their daily responsibilities?

Please read the e-textbook on Managerial Accounting Basics (pp.643-646, indicated as page 304 305 in VitalSource) and answer the following question. Managers explain and voluntarily disclose the forecasted financial information to the external financial users at the beginning of the period. The purpose to provide the forecasted financial information is to help the external investors interpret managers' forecasted earnings by examining the profitability of the firm when the investors forecast the earnings and make investment decision. Discuss the extent to which you agree/disagree with that trend? You should support your reasoning with example(s).