Nelly is creating an executive committee in a large corporation in order to decide how to open a new subsidiary. The committee has representation from the sales, information technology, general management, and warehouse departments. She feels unsure whether to include someone from the accounting department because she thinks that accountants focus only on taxes and do not have much management expertise. What would you suggest

Question

04-07-2020
Business

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Nelly is creating an executive committee in a large corporation in order to decide how to open a new subsidiary. The committee has representation from the sales, information technology, general management, and warehouse departments. She feels unsure whether to include someone from the accounting department because she thinks that accountants focus only on taxes and do not have much management expertise. What would you suggest

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topeadeniran2 topeadeniran2 · Answer 1 · 2020-07-04T05:07:11+02:00

Answer: Accountants do much more than taxes and often participate in executive committeesbecause of their financial perspective. This committee should include someone from the accounting or finance department.

Explanation:

The options to the question are:

a. Accountants usually do not work on strategy or planning, so the executive committee doesnot need a representative from the accounting department.

b. Accountants will not help the executive committee. The committee does not need arepresentative from the accounting department.

c. Accountants do much more than taxes and often participate in executive committees because of their financial perspective. This committee should include someone from the accounting or finance department.

From the question, we are informed that Nelly is creating an executive committee in a large corporation in order to decide how to open a new subsidiary and that she is unsure whether to include someone from the accounting department because she thinks that accountants focus only on taxes and do not have much management expertise.

I would suggest that she needs to include an accountant. Accountants do much more than just taxes. She needs someone from the finance or accounting department that will help in the communication, and processing of every financial details regarding the company or whatever they intend doing. For every executive committee, the role of accountants cannot be understated as they participate in executive committees due to their financial perspective on certain issues.

The aim of every organization is cost minimization and profit maximization and an accountant can help in achieving these aims.