Consider this scenario when completing this assigned personal reflection paper.
Your previous employment was for Smith and Sons CPAs, where you were a financial accountant preparing external financial statements for various clients. These financial statements were prepared for their potential investors. You have recently been hired in as a managerial accountant at ABC, Inc. ABC, Inc. is a large manufacturer of bed frames.
- How has your role changed with this new endeavor?
- Examples of terms to consider are scope, users, behavior, ethics, timeframe, etc.
- What tools can be used in evaluating the current performance of this company?
- Examples of terms to consider are costs, breakeven, outsource/process further, residual income, etc.
- How can you, as a managerial accountant, help to grow this company?
- Examples of terms to consider are target profit, budgeting, internal rate of return, etc.