Accounting for manager Speech or Presentation Example | Topics and Well Written Essays - 750 words

Accounting for manager - Speech or Presentation Examplethat, we as a company should have a firm understanding of the approach objects that are prevalent in our received setup, so that we tin confidently answer questions asked by the banks personnel, and most importantly we want to determine how much capital our expanding operations choose.By preparing an internal company budget, we will not unless know the underlying cost objects in a process, but also we will know the cost each object is incurring. By knowing these facts we will be in a better role to under chance upon cost reduction strategies and optimize our capital allocation process. Since these are tough economic times, and we need to be sure that every penny that we are investing in our operations is producing a full-blooded return, therefore, it is important that we take an initiative to generate an internal company budget.The public-service corporation of this internal budget is immense. We can use this internal bu dget to construct a master budget for the lending bank. In this way, we will be able to send a firm message across to the bank, and show them that we are hard in doing business with them. By presenting them with the nature of our operational costs, we can enchant them with the opportunity to do next business with our company. Most importantly, this effort of ours to compile an internal budget and tailor it for external users has a broader utility that will arise as the company grows. This utility that is being referred to is the need to have well well-kept books in order to change the status of the company. Since we are expecting growth in our business operations and setting of our activities, therefore, it is hard to undermine the fact that we will have to go public someday. For this it is important that the company take an initiative to put in place proper systems for tracing costs and allocation of budget. By installing these systems, we will be in a stronger position to gener ate true financial statements. And as you must(prenominal) be aware that strong systems of a company play