Management accountant as an entreprenuer
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Transcript of Management accountant as an entreprenuer
MANAGEMENT ACCOUNTANT:
AN ENTREPRENEUR
By : SAMIA ASGHARRegistration # 20121718
SUMMARY
Entrepreneurs Management Accountants Rudiments Of Entrepreneurs Role of Management
Accountants as an entrepreneur
Conclusion
HARRY HORNBY,ACMA
He Said : “He Had No Job To Go To,
No Savings But He Was Motivated And Determined. He Took Loan From Bank & Setup Office In A Spare Bedroom. Eagle Consulting Take Off’’
ENTREPRENEURMerriam-Webster dictionaryOne who : organizes manages and assumes the
risks of a business or
enterprise
MANAGEMENT ACCOUNTANTS
Are Decisive player for the success & survival of a company Foresee future, assessing the Risk Informed Planning Better Decision Making & Controlling
RUDIMENTS OF ENTREPRENEUR
Innovator
Risk taker
Opportunist
Visionary
These All Also The Rudiments
Of Management Accountants
Management Accountants PLAY KEY ROLE FOR:
Planning
Controlling
Decision making
Planning:
Make budgets: -budgeted income statement. -production budget -cost budget - cash flow budget
PlanRudiment:Vision And Risk Takers
Controlling:
Find And Availing the Opportunity
Plan
Action taken
results
Comparison of planned and
actual results
Evaluation
Rudiments: Opportunity
availed
-Should company accept
the order?
- Should we add another product
line?
decision making:Rudiments:
Risk taker and innovator
Decision to change
operation or revise plans
“MANAGEMENT ACCOUNTANTS ARE BY
DEFAULT AN ENTREPRENEUR FOR ANY ORGANISATION THEY ARE WORKING
FOR”
Q & A SESSION
THANK YOU