08-07-2009, 10:38 PM
Management Accountant is a part of administration function....
the query that the how management function can add value in the value chain network is very subjective and qualitative....
its a divisional manager responsility to imporve its divisional performance in the value chaing....
how ever the managemnt accountant add value in matter of giving a better stantard of performance by evaluating the better use of financial resources and providing the maximum risk mitigation approach to the different departemnts..... specifically financial risk is one of the greatest risk and FM can find out the hedging strategy to utilize the fluent and cosistant flow of funds in the best utilzation of company objective....
its not just alone responsibility in this matter different departmennts help out to the organisation value chain such as
1) internal audit
2) Complience department. etc....
further query are welcome
the query that the how management function can add value in the value chain network is very subjective and qualitative....
its a divisional manager responsility to imporve its divisional performance in the value chaing....
how ever the managemnt accountant add value in matter of giving a better stantard of performance by evaluating the better use of financial resources and providing the maximum risk mitigation approach to the different departemnts..... specifically financial risk is one of the greatest risk and FM can find out the hedging strategy to utilize the fluent and cosistant flow of funds in the best utilzation of company objective....
its not just alone responsibility in this matter different departmennts help out to the organisation value chain such as
1) internal audit
2) Complience department. etc....
further query are welcome
