Alicia Wilkinson FIN 320 Project One Financial Analyst Job Aid

Organizational charts ________. Group of answer choices list the salaries of all employees outline the strategic goals of the organization show the structure of an organization help management measure financial performance

Thoroughly explain job responsibilities, leadership roles, and the impact this position has on the organization for a CFO position. Please provid specific information about the position such as: who the financial leader will report to, essential duties and responsibilities, competencies, education, and experience requirements.

PLEASE ANSWER ALL 10. Which of the following does the planning function involve?a. Analyzing financial statementsb. Setting goals and objectives for an entityc. Hiring the right people for a particular jobd. Coordinating the accounting information system 11. The ethical standards established for management accountant are in the areas ofa. Competence, licensing, reporting, and education.b. Budgeting, cost allocation, product costing, and insider trading.c. Competence, confidentiality, integrity, and objectivity.d. Disclosure, communication, decision making, and planning. 12. Management accountinga. Must follow generally accepted principles.b. Information should be developed within the same general accounting system asfinancial accounting.c. Deals primarily with the needs of parties external to the firm such as investors and creditors.d. Is just another financial term.

Give true solution for general accounting question

TRUE OR FALSE

How does the concept of responsibility accounting contribute to organizational accountability? If you have experiences from previous jobs, you can share those. Otherwise, find examples from companies through internet research, or share your insight on why you think this may matter. Responsibility accounting involves assigning specific financial responsibilities to managers or departments. This system tracks and evaluates performance based on how well these individuals or units adhere to their budgets and financial goals. It ensures that each manager or department is accountable for the financial results of their decisions and operations. By assigning specific financial responsibilities to individuals or departments, responsibility accounting makes it clear who is accountable for what. This clarity helps managers focus on their areas of responsibility and understand the direct impact of their decisions. This system allows for more precise performance evaluation. Managers are assessed…

C Justin Bleeber has prepared the following list of statements about mi accounting, financial accounting, and the functions of management. Financial accounting focuses on providing information to internal users.Staff positions are directly involved in the company's primary revenue-generating activities.Preparation of budgets is part of financial accounting.Managerial accounting applies only to merchandising and manufacturing companBoth managerial accounting and financial accounting deal with many of the same economic events.Managerial accounting reports are prepared only quarterly and annually.Financial accounting reports are general-purpose reports. IManagerial accounting reports pertain to subunits of the business.Managerial accounting reports must comply with generally accepted accounting principles.The company treasurer reports directly to the vice president of operations.Instructions Identifv each statement as true or false. If false, indicate how to correct the statement. 11-36

Management accountants are generally responsible for: Select one: O A. Detailed financial planning OB. Identifying problems within the business firm by way of variances O C. Designing and modifying the business' accounting information system O D. All of the above

The cost management information system provides information *       A. that the accountant needs to prepare the financial statements.       B. that the manager needs to effectively manage the firm.       C. that the manager needs to effectively manage not-for-profit organization.       D. b and c.

Sample Test for Management Accounting Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 1. Which phrase best describes the current role of the managerial accountant? a. Managerial accountants prepare the financial statements for an organization. b. Managerial accountants facilitate the decision-making process within an organization. Managerial accountants make the key decisions within an organization. d. Managerial accountants are primarily information collectors. e. Managerial Accountants are solely staff advisors in an organization. 2. An example of qualitative data is: a. product cost b. customer satisfaction c. net income d. inventory cost e. net worth. 3. Product and service costing information is prepared for a. manufacturing companies with inventory. b. merchandising companies. c. service providers. d. each of the other four answers.. c. manufacturing companies without inventory. 4. Manufacturing çosts typicçally consist…

Financial Accounting and Cost Management Classify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS): a. Determining the total compensation of the CEO of a public company b. Issuing a quarterly earnings report c. Determining the unit product cost using TDABC d. Calculating the number of units that must be sold to break even e. Preparing a required report for the SEC f. Preparing a sales budget g. Using cost and revenue information to decide whether to keep, or drop, a product line h. Preparing an annual statement of financial position that conforms to generally accepted accounting principles (GAAP) i. Using cost and revenue information to decide whether to invest in a new production system or not j. Reducing costs by improving the overall quality of a product k. Using a debt-equity ratio and liquidity ratios from a balance sheet to assess the likelihood of bankruptcy l. Using a…

One of the primary goals of managerial accounting is to provide day to day information to individuals from the following groups, except: Question 12 options: a. board of directors b. lower level managers c. internal decision-makers. d. upper level managers

Comparing managerial accounting and financial accounting Match the following terms to the appropriate statement. Some terms may be used more than once, and some terms may not be used at all. a. Accounting systems that must follow GAAP b. External parties for whom financial accounting reports are prepared. c. The role managers play when they are monitoring day-to-day operations and keeping the company on track. d. Internal decision makers. e. Accounting system that provides information on a company’s past performance. f. Accounting system not restricted by GAAP. g. The management function that involves choosing goals and deciding how to achieve them.

> Week 9 Assignment 9.4 Assignment 9.4 - BUSINESS PLAN Upload your assignment through the link provided in this week's assignments folder. The financial and accounting statements provide the information needed to measure the projected success of the business plan. The recipient of the business plan will want to have an understanding of this information in assessing the performance of the proposed business plan. The two questions to answer are the following: a. What information will be needed to develop the accounting and financial statements. b. What information is needed to explain the importance of these statements to the other business functions. The discussion shall be approximately 1½ to 2 pages in length, doubled space, using a size 12 font. Any direct quotes or the paraphrase of unique thoughts of others should be properly cited and referenced using general APA

Chapter 9 discusses the many functions of Human Resource Management.  As future leaders, it is important to understand these different functions and the manner in which they support the daily functions of all managers in the organization.  Some of the HR functions will be done solely by HR (for example benefits and compensation) while other functions of HR may be joint efforts with managers in the company (for example performance appraisals are typically done by your supervisor or manager, but your supervisor or manager probably has been trained through HR on how to execute an effective performance appraisal and provided with a template to use).   Take some of the HR functions and discuss whether you think that function would be done solely by HR or in conjunction with managers throughout the organization.  Give examples to support your thoughts.

Case study: general accounting

Managerial accounting is an activity that helps managers determine the costs of an organization's products and services, plan future activities, and compare actual results to planned results. True or False True Prey False 1 of 32 Next >