250 Words - APA formatted referencesAs the management accountant at AJack Partnership, you are...

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250 Words - APA formatted referencesAs the management accountant at AJack Partnership, you are involved in the 
planning and control of financial statements and cost accounting. AJack has been 
experiencing excellent sales and profit numbers. You have decided to invest and 
purchase stock in the company. The direct investment would not be material to 
the company, but it would be material to you. In your free time, you like to go 
to the local Gambling and Jack Box Boat.

Do you think that you should face the same integrity issues that an outside 
auditor faces with respect to conflicts of interest? Why, or why not?
As an employee of the firm, do you believe that you should refrain from 
engaging in questionable activities, such as gambling? Why, or why not?
Do you believe that internal management accountants possess the degree of 
skill commonly possessed by outside accountants and auditors? Explain your 
reasoning.

Robert · Accepted Answer

In today’s economic environment, Management accounting is very important area of 
concern for every organization. Management accounting serves many purposes of an 
organization which includes setting up prices to beat the competitors and earn required return on 
the funds invested, managing and utilizing resources efficiently and effectively, to establish 
appropriate standards for managers and employees, providing supply chain management system 
etc. 
Role of a senior management accountant is very crucial for the success of an 
organization; senior management accountant helps an organization in taking strategic decisions. 
In order to take strategic decisions an organization has to segregate its relevant and irrelevant 
revenue and expenses.

250 Words - APA formatted references As the management accountant at AJack Partnership, you are involved in the planning and control of financial statements and cost accounting. AJack has been...

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