Management accountant as an entreprenuer

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Management accountant as an entreprenuer

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Management accountant as an entreprenuer

  1. 1. MANAGEMENT ACCOUNTANT: AN ENTREPRENEUR By : SAMIAASGHAR Registration # 20121718
  2. 2. SUMMARY  Entrepreneurs  Management Accountants  Rudiments Of Entrepreneurs  Role of Management Accountants as an entrepreneur  Conclusion
  3. 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. 4. ENTREPRENEUR Merriam-Webster dictionary One who : organizes manages and assumes the risks of a business or enterprise
  5. 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. 6. RUDIMENTS OF ENTREPRENEUR Innovator Risk taker Opportunist Visionary These All Also The Rudiments Of Management Accountants
  7. 7. Management Accountants PLAY KEY ROLE FOR: Planning Controlling Decision making
  8. 8. Planning:  Make budgets: -budgeted income statement. -production budget -cost budget - cash flow budget PlanRudiment: Vision And Risk Takers
  9. 9. Controlling: Plan Action taken results Comparison of planned and actual results Evaluation Rudiments: Opportunity availed
  10. 10. -Shouldcompany accepttheorder? -Shouldweadd anotherproductline?  decision making: Rudiments: Risk taker and innovator Decision to change operation or revise plans
  11. 11. “MANAGEMENT ACCOUNTANTS ARE BY DEFAULT AN ENTREPRENEUR FOR ANY ORGANISATION THEY ARE WORKING FOR”

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