Management accountant as an entreprenuer

1. MANAGEMENT
ACCOUNTANT:
AN
ENTREPRENEUR
By : SAMIAASGHAR
Registration # 20121718

2. SUMMARY
 Entrepreneurs
 Management Accountants
 Rudiments Of Entrepreneurs
 Role of Management Accountants as an
entrepreneur
 Conclusion

3. 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’’

4. ENTREPRENEUR
Merriam-Webster dictionary
One who :
organizes
manages
and assumes the risks of a
business or enterprise

5. MANAGEMENT ACCOUNTANTS
 Are Decisive player for the success &
survival of a company
 Foresee future, assessing the Risk
 Informed Planning
 Better Decision Making & Controlling

6. RUDIMENTS OF ENTREPRENEUR
Innovator
Risk taker
Opportunist
Visionary
These All Also
The Rudiments Of
Management
Accountants

7. Management Accountants PLAY
KEY ROLE FOR:
Planning
Controlling
Decision making

8. Planning:
 Make budgets:
-budgeted income
statement.
-production budget
-cost budget
- cash flow budget
PlanRudiment:
Vision And Risk
Takers

9. Controlling:
Plan
Action taken
results
Comparison of
planned and
actual results
Evaluation
Rudiments:
Opportunity availed

10. -Shouldcompany
accepttheorder?
-Shouldweadd
anotherproductline?
 decision making:
Rudiments:
Risk taker and
innovator
Decision to
change
operation or
revise plans

11. “MANAGEMENT
ACCOUNTANTS ARE BY
DEFAULT AN ENTREPRENEUR
FOR ANY ORGANISATION THEY
ARE WORKING FOR”