Case report for marina sport technologies pty ltd

Body……………………………………………………………………………………………………………………………. Definition and Role of a Management Accountant………………………………………………2 2. How I will help the company as a Management Accountant…………………………. Thejo’s Liguidation and the Purchase of Stock……………………………………………………. Maintenance Schedule………………………………………………………………………………. Definition and Role of a Management Accountant A managerial accountant is a person who helps in managerial planning in a company and commercial decision-making through the provision of relevant financial information as well as accounts administration. The management accountant interprets financial information so that it can be used to make a business decision1. The role of a management accountant combines management and accounting with techniques that are needed for the business to be successful. The management accountant analyze data and present it to managers to help in the making of decisions. Therefore, they work managers to analyze revenues and costs.

Ltd. To choose wisely its investments and manage them. My work within this company will be important as I will provide useful information that will aid in the making of decisions that affect almost all aspects of the company4. My role in the company will involve tracking the tax liabilities, recording expenses and income, preparing income statements, balance sheets and cash-flow statements. I will then use the data from these records to draw forecasts, performance measurements, budgets and plans. Therefore, I will verify all the gathered information before reporting it to make sure it is accurate so that the right decisions can be made on the basis of this information. I will make use of the business technology available within the company to carry out the roles of preparing and analyzing financial records as well as forecasting.

This is because the use of technology makes the process of data processing speedy. Being a management accountant, I will stay up-to-date with the political situation affecting the market, competition, internal operations, cost of labor and raw materials and inflation. This is because all these are factors that are necessary for effective and accurate predictions to be made that will help the company to improve performance. Therefore, you will get a fair idea of the way things are like9. In addition, checking with the competitors of Thejo Rubbers in the industry will help you to understand what they feel about the industry. These may be willing to strike with you a good deal if you decide to start dealing with them as your suppliers Once you have obtained adequate information to be able to make a decision, if you feel that the position of Thejo Rubbers is bad, you can talk to the management team to see what they want to offer you if you are to buy their company.

That way, you will not have to rely on anyone for supplies as you will own the company itself and you will have gained some sort of independence, which will be quite beneficial in terms of raising your financial position10. The cash crunch can be overcame by applying for a loan from a bank. Your products have attracted customer loyalty so far and compromising on the quality of these products may cause the company to lose a lot of customers, which is not a desirable outcome12. This is because once customer trust is lost, it is very difficult to retain it back because the customers may not be interested in testing your products any more. However, there are other ways in which the company can get out of the cash crunch that it is experiencing.

To meet the finance needs, I would suggest that you seek a loan from a bank13. Another thing that can be done to overcome the cash crunch without compromising the quality of the products is to raise the prices of the products if the cash crunch is not a cyclical one when you consider your industry. This will tell you whether really there is any unfair favorable treatment that Horizon 1-2-3 is receiving from Gemma. You need to consider the fact that the anonymous letter could be from one of the companies that made a proposal and could be based on the fact that Horizon 1-2-3 is offering an all-expenses paid package seminar to Phuket. They could be fearing that through the seminar, Horizon 1-2-3 will gain a competitive advantage over them.