Since managerial accounting does not follow strict reporting requirements like financial accounting do you see any...

Since managerial accounting does not follow strict reporting requirements like financial accounting do you see any ethical issues that may arise? Should there be specific reporting requirements? Do not forget APA format on your sources, in-text citations

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ekkarill92 answered 1 year ago

Since managerial accounting does not follow strict reporting requirements like financial accounting do you see any...

Since managerial accounting does not follow strict reporting requirements like financial accounting do you see any ethical issues that may arise? Should there be specific reporting requirements ?Do not forget APA format on your sources, in-text citations.

One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility. Financial reporting is...

One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility. Financial reporting is restricted by Generally Accepted Accounting Principles whereas reporting in Managerial Accounting has fewer rules. Why is it permissible to violate Generally Accepted Accounting Principles when preparing reports used strictly by company management? Should external users always have the same information as internal users?

How do you see the financial reporting requirements for companies shifting in 10 to 20 years?...

How do you see the financial reporting requirements for companies shifting in 10 to 20 years? Are they going to become more stringent or more relaxed? Are countries across the globe going to standardize their filings into a single system?

1. In comparing financial accounting with managerial accounting, managerial accounting A. Follows GAAP or IFRS reporting...

1. In comparing financial accounting with managerial accounting, managerial accounting A. Follows GAAP or IFRS reporting standards. B. Emphasizes timeliness and sub-unit reporting such as business units, divisions, departments. C. Reports to parties external to the company D. Emphasizes financial consequences of past activities 2. When production decreases A. Variable costs per unit decrease. B. Variable costs per unit increase. C. Total variable costs increase. D. Total variable costs decrease. 3. Which of the following is an indirect production cost...

How do financial and managerial accounting differ? What do financial and managerial accounting have in common?

In financial accounting, why is reporting control procedures required (in governmental and GAAP reporting requirements) and...

In financial accounting, why is reporting control procedures required (in governmental and GAAP reporting requirements) and what information does it reveal about the company?

International Financial Reporting Standards (IFRS) do not allow companies that follow the accounting rules to use...

International Financial Reporting Standards (IFRS) do not allow companies that follow the accounting rules to use LIFO for financial reporting. Your post should explain two things: 1. Why do you think LIFO is not allowed by IFRS but is allowed by GAAP in the United States? 2. Another area of accounting rules where there is a significant difference between US GAAP and International Financial Reporting Standards. Please include the reference where you found information to form your opinion in 1...

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Since managerial accounting does not follow strict reporting requirements like financial accounting do you see any...

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Since managerial accounting does not follow strict reporting requirements like financial accounting do you see any...

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