Marmon Group :: essays research papers

Accountants at the Marmon Group, Inc. act as internal advisers for the company in many a(prenominal) disparate capacities. Jim Smith, Marmons prior director of apostrophize management says that the subroutine of the management accountant is changing dramatically in most of our companies. managerial accountants are not seen any longer as simply clerks workings on monthly reports but as valuable assets to senior management. way accountants at Marmon work closely with managers by constituent to analyze cost and operating entropy. They help in decision making by helping managers relate the operations of the company to the bottom line and company costs. jibe to Horngren, Sundem & Stratton (2005) management accountants are becoming an advisor for managers about what information would be useful, what information is available, and how to get the destinyed information (pg. 17). These accountants have become a samara part of formulating the pecuniary and task strategies of the co mpany and are an all-important(a) part of working toward the overall profitability of the organization. Effective managerial accountants need a wide range of knowledge from both the account and the financial aspects of the business as well as overall world(a) business administrative knowledge. A background in the use of general accounting practices as well as information for planning and control, performance evaluations, decision-making, and the report of cash flows, along with financial statement analysis are key areas managerial accountants should have confidence in. To be an effective internal advisor it is vital that a strong understanding of the general functions of the company and how they be to the ultimate profitability of the organization is a large portion of the consultants background. Accountants gather information to be used in different kinds of ways both internally within the organization and externally for the general public and outside agencies. Information is p roduced for stockholders who may review a course catalogue or an annual financial report when determining whether or not to invest in the company. Organizations such as banks and suppliers are given information in determining credit eligibility and purchase arrangements for the company.