how to manage your accounts
TRANSCRIPT
How to Manage your Accounts Management accounting is a key subfield which provides information to management
employees in a company. It permits managers to make important, informed business
decisions on a daily basis while maintaining said information privately. By using
management information systems combined with organization's own internal rules and
controls, management accountants create information which will be utilized in future
transactions- and never intending to be used as a record keeper of past transactions.
Cost, industrial, managerial, private, and corporate accountants are all elements that
perform some kind of management accounting. In each area, the work remains
relatively the same. On the other hand, professionals holding management accounting
positions are required to analyze and document financial information that is directly
related to their employers. They are responsible for performance evaluations, budgeting,
cost management, and asset management. Many times they are vital participants of
executive teams who are targeting new product development or strategic planning for
their company. Overall, they are responsible for evaluating financial information that is
required by corporate executives when making critical business decisions.
Management accountants have also been known to create financial reports for tax
authorities, creditors, stockholders, and even regulatory agencies. Cost accounting,
budgeting, planning, and financial analysis are also on a management accountants "to
do" list if they are employed as part of an accounting department.
We believe that management accounting is a growing field with much potential for new
hires. It is important to note, however, that most management accounting positions are
usually given to professionals with previous accounting experience or through inner
organization promotions. With the position supplying vital information needed and
used in a company's decision making, skills close to perfection are looked for when
hiring.
Our investment management approach focuses on capital preservation and total
portfolio returns over the long run. Recognition is placed on the uncertainty in investing
and the importance of macro factors. Dynamic management of the portfolio is
important with regular reviews of both asset classes and individual stocks.
Managed Discretionary Accounts