ACCT 212 Study Guide - Quiz Guide: Sheol
Document Summary
When managing a company"s money, many examples come to mind about how managing money improperly for others, will turn around to get you in the end. Managing a company"s money by an outside source; usually an accounting firm is the best way. Running head: managerial accounting to go about managing a company"s money and keeping their financial affairs in order. Managing a company"s money carries with it a lot of responsibility. You are not only able to affect the people that work for the company and their livelihoods, but the investors in that company as well. Looking at a company from the outside, you will see that properly managing the finances for a company is essential to their success. Fraud, and the role of ethics in reducing fraud, are important factors in running business operations. Fraud involves the use of one"s job for personal gain through the deliberate misuse of the employer"s assets (wild, shaw, & chiappetta, 2013, p. 737).
