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.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Class, describe the differences between financial and managerial accounting. Focus your post on the different type...

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:...

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...

Explain the distinction between managerial accounting and financial accounting. In your response be sure to indicate which is prospective (planning) and which is retrospective.

Describe the main differences between financial accounting and managerial accounting, and the differences between accrual and...

Describe the main differences between financial accounting and managerial accounting, and the differences between accrual and cash accounting.

Describe the main differences between financial accounting and managerial accounting, and the differences between accrual and...

Describe the main differences between financial accounting and managerial accounting, and the differences between accrual and cash accounting.

1. What is the difference between Managerial Accounting and Financial Accounting and to what parties can...

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...

In a page, explain the similarities and differences between financial and managerial accounting.

How do you describe the differences between managerial and financial accounting? Explain how the selection of...

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....

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...

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.

Subjects