ACCT 23021 Lecture Notes - Lecture 1: Accounting Scandals, Regional Policy Of The European Union, Professional Association
2 Aug 2020
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1. 3 describe the roles and skills required of management accountants within the organization. 1. 4 describe the role of the institute of management. 1. 5 discuss the business trends and regulations affecting management accounting. Setting goals and objectives and how to achieve them. Generate more sales via developing new products and new distribution channels. Using sales data to determine which product are generating the most sales; used to adjust product offerings, marketing strategies, etc. Evaluating results of operations against plans and making adjustments as needed. Comparing budgeted sales with actual sales to take corrective actions. Comparing budgeted product costs against actual product costs to take corrective actions. Describe the role and skills required of management accountants within the organization. Describe the role of the institute of management accountants (ima) and apply its ethical standards. Mission: provide a forum for research, practice development, education, knowledge sharing, and advocacy of the highest ethical and best practices in management accounting and finance.
