ACCT 202 Study Guide - Final Guide: Internal Audit, Finished Good, Income Statement

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Organizational structure: chief executive officer them the ceo and cfo. Professional association: chief operating officer/ chief financial officer, vice president of various operations/ treasurer- controller, the audit committee is only responsible to the board of directors and the internal audit reports to. Institute of management accountants (ima: certified management accountant (cma, provides a dynamic environment for certification, practice education among other things. Is not required by most businesses but those that have it tend to have higher salaries and positions. Ethics: the ima requires that management accountants, maintain their professional competence, preserve the confidentiality of the information they handle, uphold their integrity, preform their duties with credibility. E-commerce this is hoe companies communicate and make orders for materials between each other on the internet: open information between companies increases the efficiency of the supply chain management to reduce costs and improve quality. Lean production: philosophy and and business strategy of manufacturing without waste.