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Many accounting professionals are skilled in financial analysis, but less are skilled in manufacturing. This...

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Accounting

Many accounting professionals are skilled in financial analysis, but less are skilled in manufacturing. This is especially true for process manufacturing environments. 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-half-page action plan, in memorandum format, discussing how we would obtain an understanding of key business processes of a company that hires us 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.

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