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(Solved) (Latest ver. Aug 2020) - internal accounting system

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Deliverable Length: 1-2 page memo
Details: You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The CEO is not convinced that a managing accountant position is needed. Prepare a 1-2 page memo for the CEO on the following:

* Explain the objectives and characteristics of an internal accounting system.
* Include an explanation of the importance of this information to the company.
* Include an explanation of ethics in business and the managerial accountant's role in upholding the code of ethics.
# Objective: Appraise the functions of, and explain the nature and scope of managerial accounting
# Assess the role of performance measures in an organization
# Apply the budgeting process to the role of responsibility centers in business organization


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