Memo on Hiring Managerial Accountant

interoffice memorandum

It has been brought to my attention that certain areas in my accounting department has not been receiving attention as I would like and for the best interest of the company. Therefore, I am asking to hire a managerial accountant to focus on goals, which are relevant to the company’s everyday production, short-term and long-term goals to provide the best information for the company’s future financial products. The managerial accountant will dedicate themselves to the goals and making sure about an internal accounting system. The internal accounting system requisite includes definitive characteristics to achieve the objectives set for this accounting area. The system also should be precise that all employees using the system do not have difficulties.

The accounting department is in dire need of the managerial accountant to assist with the tasks of the overall company. The duties include the areas of environmental controls, risk assessments, control procedures, monitoring the internal controls, and short and long-term goals. The accounting department will insist on individuals being responsible for certain areas there fore the needed attention can be available. Payroll, daily tasks of the accounting department, tracking expenditures and preparing a budget that is suitable for the company and any other tasks for daily operations will also be focus on better using this system. The system will increase the company’s overall capability to provide adequate information.

The company should acknowledge the long-term goals while deciding to go forward on recruitment for the managerial accountant position, with the objective of commissioning an individual for this particular position. The long-term goals of the company are in the best interest of the internal accounting system. These goals consist of generating and publication of the annual financial reports, which use data derived from certain fiscal time frame. Implementing the data from these reports will enhance the financial determinations of the company and the future projects.  The internal accounting system that as the accounting department we are trying to put in place will provide generous amounts of data in an organized manner that is reliable to achieve the goals of the company., according to small business chron.