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