Explain the difference between financial and managerial
accounting. In your answer, describe the different audiences for...
Explain the difference between financial and managerial
accounting. In your answer, describe the different audiences for
the two types of accounting and the various individuals involved in
the process.
Class, describe the differences between financial and managerial
accounting. Focus your post on the different type of users and how
the information is used.
For this and all other Discussion questions, post an initial
response (at least 200 words)
Q. Describe and demonstrate the five differences between
managerial and financial accounting. Your answer should include:
the difference, a real-world example of the difference and Internet
research to support the difference.
A.?
Q. Give at least ten different examples of the types of costs
and/or revenue from the text. Your answer should include: The name
of the cost/revenue, the definition, a real world example and
Internet research to support the real world example.
A.?
Q. Define Process Costing and Job...
Explain the distinction between managerial accounting and
financial accounting. In your response be sure to indicate which is
prospective (planning) and which is retrospective.
1. What is the difference between Managerial Accounting and
Financial Accounting and to what parties can each be provided to
for their use?
2. Under what circumstances can Job Costing be used effectively
to determine the resources used to produce the item sold and the
profitability associated with it.
3. Can Job costing be used in the service industry as it is in
the manufacturing industry? Provide examples of both if they can
be. \
4. Why does management track...
How do you describe the differences between managerial
and financial accounting?
Explain how the selection of a particular business strategy
determines the information that managers need to run an
organization effectively.
Financial Accounting
• Describe and explain the difference between a cash
dividend and a stock dividend. What is
the number of shares used when computing a
dividend? (Review pages 576 to 581).
Describe Discontinued Operations for
financial statements. Provide a real-life business example for
Discontinued Operations for financial statements. Explain how
Discontinued Operations items affect the investor’s evaluation of
the company’s performance. (Review
pages 691 to
693).
• “Describe” the Ch10 – debt to assets and
times interest earned ratios...
There are numerous differences between financial accounting and
managerial accounting. Describe what you think are the most
important differences and articulate what is the critical reason
regarding why those differences exist. In particular, discuss why
it may not be as important to protect users of managerial
accounting information, compared with users of financial accounting
information.