Problem: Managerial Accountant to Focus on Internal Accounting
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 1 to 2 pages memo for the CEO on the following:
1) Explain the objectives and characteristics of an internal accounting system.
2) Include an explanation of the importance of this information to the company.
3) Include an explanation of ethics in business and the managerial accountant's role in upholding the code of ethics.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.