Managerial Accounting: "Chapter 1, Section 3: Key Finance and Accounting Personnel"

From your text, you read that Dana Matthews, president of Sportswear Inc., a publicly-traded company, has many responsibilities. Like most managers of large publicly-traded companies, she has delegated much responsibility to her managers and has many questions that need answers.

Although Dana has delegated much responsibility she cannot delegate accountability and she must ensure that her organization is effective and the information she receives is accurate. Best practices require an efficient organization to ensure that management accounting is done in a timely and accurate manner. This section considers what a typical organization may look like.