How disclosure notes are an integral part

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our a finance manager, part of your job is to prepare the Notes and MD&A portion of the annual report. Your supervisor has asked you to omit certain matters that would have a profound impact on the financial accounts of the organization. You wonder if he/she is testing your loyalty to the supervisor or testing the responsibilities as a professional manager.

Problem 1: Explain how you would respond to this situation and describe leadership characteristics of the managerial accounting profession. What are the standards/principles you must follow according to IMA.

Problem 2: When explaining to the supervisor how disclosure notes are an integral part of the information provided in the financial statements, describe why the notes are a critical process in understanding the financial statements and in evaluating the company's performance and financial health.

Reference no: EM132623704

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