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Question: Reply to students responce in 150 words
Since accounting has many terms and can be quiet confusing, so I was glad that the textbook broke it down like this:
Financial Accounting is done for people outside of the organization that make decisions. This would include stockholders, suppliers and banks just to name a few. Where as Managerial Accounting is for the people that decisions inside the organization. This would include managers, executives, and others.
As far as which one is better, I think it depends on where you stand in relation to the company. As a shareholder, I would say that financial accounting is more important because it allows me to see whether they are worth investing money into. As the CEO of the company, I would value both because I want businesses to want to do business with me and shareholders to invest in the company but the managerial accounting for the CEO may take the slightest bit of priority because it drives the way you do business, what products you sell, whether your business will be able to sustain itself, and if not what changes can be made to fix whatever the problem is.
Assume Kirsten Corporation has no alternative use for the facilities presently devoted to production of the B345 gaskets. If the outside supplier offers to sell the gaskets
Determine the Cash Value of Hershey Company Purpose It is simply good business to continually know the cash value (corporate valuation) of your company
gaap provides guidelines for the inclusion of interest in the initial cost of a self-constructed asset.required1. what
Assume taxes are 10% of her income per year and that Samantha completely smooth's consumption over her lifetime. Calculate Samantha's annual savings.
During 2010, Burlington Company incurred operating expenses amounting to $600,000, what amount should be reported for operating expenses
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1.Fizer Pharmaceutical paid $68 million on January 2, 2013, for 4 million shares of Carne Cosmetics common stock.
Rafi M estimates uncollectibles to be 10% of accounts reveivable. Identify the ending balance amount on the accounts receivable and the allowance.
Prepare the following budgets and other financial information as required: Selling expense budget. Budgeted income statement
Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock for $12,000. Assuming the shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital,..
Using the information from the previous two questions, compute the cash conversion cycle
big company buys 10 percent of little company for 200000 and has the ability to assert significant influence over
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