Ms. Abeer has been appointed to a new role as Management Accountant in Zubair Automotive LLC,...
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Ms. Abeer has been appointed to a new role as Management Accountant in Zubair Automotive LLC, a large engineering company producing a wide range of parts for the automobile industry. This new role has been created following a majority decision of the Board of Directors based on the advice of the company's auditors. However, the Managing Director comes from a marketing background and does not understand why the company needs another accountant as there is already a Financial Accountant employed on a full-time basis. He voted against the creation of the new position and considers the cost of remuneration to be an unwelcome burden which will only serve to reduce the company's reported profits. How can you prove that Ms. Abcer's appointment is beneficial to the Zubair Automotive LLC from both a financial and non-financial viewpoint? Justify your answer Ms. Abeer has been appointed to a new role as Management Accountant in Zubair Automotive LLC, a large engineering company producing a wide range of parts for the automobile industry. This new role has been created following a majority decision of the Board of Directors based on the advice of the company's auditors. However, the Managing Director comes from a marketing background and does not understand why the company needs another accountant as there is already a Financial Accountant employed on a full-time basis. He voted against the creation of the new position and considers the cost of remuneration to be an unwelcome burden which will only serve to reduce the company's reported profits. How can you prove that Ms. Abcer's appointment is beneficial to the Zubair Automotive LLC from both a financial and non-financial viewpoint? Justify your answer
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Answer rating: 100% (QA)
The Role of a Management Accountant is quite different from the role of a Financial Accountant A Fin... View the full answer
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
Posted Date:
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