Marmon Group :: essays research papers

Accountants at the Marmon Group, Inc. act as innate consultants for the gild in many different capacities. Jim Smith, Marmons prior director of appeal management says that the character of the management accountant is changing dramatically in most of our companies. managerial accountants argon not seen any longer as simply clerks works on monthly reports but as valuable assets to senior management. focus accountants at Marmon work closely with managers by circumstances to analyze cost and operating selective information. They help in decision making by helping managers relate the operations of the company to the bottom line and company costs. harmonise to Horngren, Sundem & Stratton (2005) management accountants ar becoming an advisor for managers about what information would be useful, what information is available, and how to get the needed information (pg. 17). These accountants have hold out a key part of formulating the financial and business strategies of the comp any and are an essential part of working toward the overall profitability of the organization.      Effective managerial accountants need a wide range of knowledge from both the method of accounting and the financial aspects of the business as well as overall familiar business administrative knowledge. A background in the use of world(a) accounting practices as well as information for planning and control, military operation evaluations, decision-making, and the statement of cash flows, along with financial statement analysis are key areas managerial accountants should have confidence in. To be an effective internal consultant it is vital that a strong understanding of the general functions of the company and how they interrelate to the ultimate profitability of the organization is a large mess of the consultants background.      Accountants gather information to be used in different kinds of ways both internally within the organization a nd outwardly for the general public and outside agencies. Information is produced for stockholders who may review a prospectus or an annual financial report when determining whether or not to invest in the company. Organizations such as banks and suppliers are habituated information in determining credit eligibility and purchase arrangements for the company.