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Managers in Accounting and Finance fields (Example)

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MANAGERS ON ACCOUNTING AND FINACE FIELDS Students Name: Institution: Management is a vital component when thing in any given organization ought to be done in the best manner. A chain of command should be evident in any given organization as it is the only sure way of enhancing the policies and the stated rules are followed. On this account the role of managers cannot be left out. They play a key role in ensuring that there is a directional and maintained way of doing this. They coordinate lead from the front and act as icons of reference to the other people that are lower in the hierarchy. in the context of finance and accounting the primary objective of the manager is to ensure that there is neat and clear maintenance of financial records and to provide timely and information pertaining financial information as this is value addition of the stakeholders. Positive NPV indicates that at present there is more inflow of cash that outflow. This means that the stakeholders have increased in value. There is more cash and this is influence by the people that work in close proximity to the same organization. If a project is characterized by positive NPV there is a likelihood of the stakeholders associated with the same project to have added up hence the positive change (Freeman 2010). References Stout L.A. 2012. The shareholder value myth: How putting shareholders first harms investors corporations and the public. Berrett-Koehler Publishers. Danielson M.G. Heck J.L. and Shaffer D. 2008. Shareholder theory-how opponents and proponents both get it wrong. Freeman R.E. 2010. Strategic management: A stakeholder approach. Cambridge University Press. Freeman R.E. Harrison J.S. and Wicks A.C. 2007. Managing for stakeholders: Survival reputation and success. Yale University Press. References [...]

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Review the following two articles (plus other credible sources), Jensen, M.C. (2010) ‘Value maximization, stakeholder theory, and the corporate objective function’. Journal of Applied Corporate Finance, 22 (1), pp. 32-42. Letza, S., Sun, X. & Kirkbride, J. (2004) ‘Shareholding versus stakeholding: a critical review of corporate governance’. Corporate Governance, 12 (3), pp. 242-262. and prepare an integrated response that will address the following question: What do you believe is an appropriate objective for a manager in the Accounting and Finance fields? In responding to this question, consider the following: 1. What are the challenges that managers face in efforts to be ‘socially responsible’? 2. How might a self-serving manager exploit social responsibility for his or her own personal gain? 3. Do budgeting processes plus strategic management accounting tools encourage a shareholder- or stakeholder-centric focus? 4. What mechanisms might help to bind managers’ interests to those of shareholders’ or stakeholders’? 5. Does a positive NPV equate to a project that adds value to the typical stakeholder? 6. Draw upon examples of existing or recommended practice from the organisation that you researched for your Finance and Accounting for Managers Module Project, plus from your professional background, as well as trends experienced globally and as discussed in the articles. Give a report of 850 words using Harvard referencing

Subject Area: Accounting

Document Type: Proofreading

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 825

Pages 3

Completed in 2 days

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Client Review

Well supported write up.

Positive
03.06.2017

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