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Staffing and organizing the management accounting function at large financial institutions

By Woody Alexander*

This study will lay out some of the considerations financial institutions have faced in putting a management accounting group in place. Management accounting, as the name implies, is charged with providing financial decision support information to managers at all levels of the enterprise. A sister function, financial accounting, is primarily charged with an external reporting of financial information to stockholders, regulators, and security analysts. MANAGEMENT ACCOUNTING FUNCTIONS Some of the responsibilities assigned to the management accounting organization are the following: Profitability reporting for organizations, products, and customers Profit planning and ...

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