Reference no: EM133248710
Assignment - Managerial Accounting Questions
Description - There will be two discussion questions listed below. Bythe due date assigned, respond to one of the discussion questions and submit your response to the Discussion Area below, using the lessons and vocabulary found in the reading. Support your answers with examples and research and cite your sources using the APA format.
Question One - In the prior two accounting courses we studied financial accounting. Now, we are studying Managerial Accounting.
Using the text information, but in your own words, describe managerial accounting.
Describe the differences from financial accounting and how each is used.
What types of reports does each produce, for whom and how often?
Question Two - A manufacturing company must record and analyze many different costs from many different perspectives to truly understand what an individual product costs them.
Using the text information, in your own words, describe the many classifications for costs.
How are they recorded in the accounting system and reports, and what does each specifically tell the user?
How is this different from the information recorded in a retail organization?
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