Paper details
Many accounting and accounting-related professionals are skilled in financial analysis, but most are not
skilled in manufacturing. This is especially the case for process manufacturing environments (for example,
a bottling plant or chemical factory). To provide professional accounting and financial services, one must
understand the industry, product, and processes. We have an ethical responsibility to develop this
understanding before offering services to clients in these areas.
Required
Write a one-page action plan, in memorandum format, discussing how you would obtain an understanding
of key business processes of a company that hires you to provide financial services. The memorandum
should specify an industry, a product, and one selected process and should draw on at least one reference,
such as a professional journal or industry magazine.