How do accountants at Marmon can act as internal consultants
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Details: Marmon Company is a collection of more than 100 different operating companies with revenues of more than $6 billion. Its member companies manufacture such diverse products as copper tubing, water purification products, railroad tank cars, and store fixtures, and they provide services such as credit information for banks.
1. Discuss how accountants at Marmon can act as internal consultants.
2. What kind of background and knowledge would an accountant require to be an effective internal consultant?
3. Data gathered by accountants is not only used internally, but externally as well. Describe ways in which information gathered by accountants at Marmon and other corporations is used by individuals and organizations outside of the company?
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1. Discuss how accountants at Marmon can act as internal consultants.
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<br>Accountants' goals vary according to the business or industry in which they operate. At Marmon, made up of member companies dealing with different businesses, the accountants play a vital role in consolidating the accounts, applying consistency across all companies and helping the management plan for future investments. For instance, the accoutants could point out that a certain department or company has not been performing well for the past 5 years and advise the management to sell off that company to reduce losses in the long run.
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<br>2. What kind of background and knowledge would an accountant require to be an effective internal ...
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