Read the scenario below and a nswer the questions that follow: Natural Guard (Pty) Ltd Natural Guard (Pty) Ltd is an organic fertiliser and bug-remedy business. The company's focus is to research, develop and manufacture green fertilisers and bug deterrents. With the global focus on sustainability and planetary health, Natural Guard has created a niche marketfor itself. Its products are found to be particularly effective. Overthe past few years, the company has developed an effective platform to sell its products online. It also sources and sells complementary products from other manufacturers around the globe. As the company has grown, the cash-flow dynamichas changed and needs to be carefully managed. For example, with online purchases, customers pay upfront. The amountof credit sales has therefore decreased. The company has needed to keep strong cash balances to pay suppliers when due. Natural Guard wants to list on the stock market within the next 12 months. This will help it raise additional capital for new product development and possible offshore acquisitions. Currently, the assets are funded 30% by debt, which appearsto be a suitable level for the company. The staff component is now at 500 people, comprising researchers, operations staff, finance, sales and management. Required: Identify the roles of management accountant versus financial accountant from the information provided in the scenario. Describeeach role and provide possible examples (existing or in the future) from the Natural Guard scenario, considering all the relevant information presented. You should aim to provide five roles for each of the two functions. It is acknowledged that the lines between these two functions may vary from company to company, and allowance will be made for this.
Read the scenario below and a nswer the questions that follow:
Natural Guard (Pty) Ltd
Natural Guard (Pty) Ltd is an organic fertiliser and bug-remedy business. The company's focus is to research, develop and manufacture green fertilisers and bug deterrents. With the global focus on sustainability and planetary health, Natural Guard has created a niche marketfor itself. Its products are found to be particularly effective.
Overthe past few years, the company has developed an effective platform to sell its products online. It also sources and sells complementary products from other manufacturers around the globe.
As the company has grown, the cash-flow dynamichas changed and needs to be carefully managed. For example, with online purchases, customers pay upfront. The amountof credit sales has therefore decreased. The company has needed to keep strong cash balances to pay suppliers when due.
Natural Guard wants to list on the stock market within the next 12 months. This will help it raise additional capital for new product development and possible offshore acquisitions. Currently, the assets are funded 30% by debt, which appearsto be a suitable level for the company.
The staff component is now at 500 people, comprising researchers, operations staff, finance, sales and management.
Required:
Identify the roles of
You should aim to provide five roles for each of the two functions. It is acknowledged that the lines between these two functions may vary from company to company, and allowance will be made for this.
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