MEMO: HIRING A MANAGERIAL ACCOUNTANT

The purpose of hiring a managerial accountant is to focus on the internal accounting system. His or her goal will be to comply with the outside demand of bankers as well as summarize the data that will be used to manage and control the business better. He or she will be responsible for paying close attention to short-term goals on day to day basis and make sure that the long-term goals of the company’s accounting department can prepare or plan for future financial projects (Jane, 2012). The internal and external need of the business is constantly changing and so is the accounting system that is being used (Shanker, n.d.).

There are specific characteristics in the internal accounting system that is required to reach different objectives and ease the workload of accounting employees.

The short and long term objectives consists of producing and writing annual financial reports using the data received or collected in an annual fiscal report.

Usability in the internal accounting system makes it easier to reach short and long term accounting objectives. This also makes the operational task easier to use which includes updating