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Internal Accounting

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1-2 page memo Points Possible: 125 You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The CEO is not convinced that a managing accountant position is needed. Prepare a 1–2 page memo for the CEO on the following: • Explain the objectives and characteristics of an internal accounting system. • Include an explanation of the importance of this information to the company. • Include an explanation of ethics in business and the managerial accountant’s role in upholding the code of ethics. Instructor notes Grading Rubric Deliverable Points possible Explain the objectives and characteristics of an internal accounting system 0-40 points Include an explanation of the importance of this information to the company 0-40 points Include an explanation of ethics in business and the managerial accountant’s role in upholding the code of ethics 0-30 points Grammar, page length (1 to 2 pages) and APA style 0-15 points Total Points possible 125 Points Focus your research on managerial accounting. If you search on the term ‘internal accounting’ you may get results focusing on internal controls which is not the area of accounting we are exploring in this assignment. A couple of outside resources you may want to explore are: http://managerialaccounting.org/index.html (Managerialaccounting.org) or http://www.netmba.com/accounting/ (net mba). For information regarding the managerial accountant’s role in upholding the code of ethics you may want to check out the Institute of Management Accountants (http://www.imanet.org/ima_home.aspx)

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