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.

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.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 11Q: Briefly discuss the chain of command for someone being hired into an organization as a staff...

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When managerial accountants design an evaluation system that is based on criteria for which a manager is responsible, and it is structured to encourage managers to make decisions that will meet the goals of the company as well as their own personal job goals, the framework used is _______. A. a controllable factors framework B. an uncontrollable factors framework C. a strategic plan framework D. a responsibility accounting framework
Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAP
An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.
Explain how managerial accountants help managers plan, control, and evaluate.
Briefly explain the practice of enterprise risk management and the role that can be played by managerial accountants in enterprise risk management.
ORGANIZATION STRUCTURE AND SPAN OF CONTROL Refer to the organization charts labeled Structure A and Structure B in the figure for problem 11. Required a. For organizational structure A, describe the 1. advantages and disadvantages of this structure. 2. impact of the resulting span of control. 3. possible effect on employee behavior. b. For organizational structure B, describe the 1. advantages and disadvantages of this structure. 2. impact of the resulting span of control. 3. effect on employee behavior. c. When determining the appropriate span of control, discuss the factors that should be considered.
Organizational charts _____. A. list the salaries of all employees B. outline the strategic goals of the organization C. show the structure of an organization D. help management measure financial performance
Which of the following groups would have access to managerial accounting information? A. bankers B. investors C. competitors of the business D. managers
Should a managerial accounting system provide both financial and nonfinancial information? Explain.
ORGANIZATION STRUCTURE AND SPAN OF CONTROL Refer to the organization charts labeled Structure A and Structure B in the figure for problem 12. Required a. For the organizational structure A, describe the 1. advantages and disadvantages of this structure. 2. impact of the resulting span of control. 3. effect of the organizational structure on employee behavior. b. For the flat organizational structure B, describe the 1. advantages and disadvantages of that organizational structure. 2. impact of the resulting span of control. 3. effect of the organizational structure on employee behavior. c. When determining the appropriate span of control for a company, discuss the factors that should be considered.
Discuss development needs and skills required for managerial accounting job and future goals?
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…