Read accounting post and write specific response

Assignment Help Accounting Basics
Reference no: EM132283692

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.

Reference no: EM132283692

Questions Cloud

Reply to the student post related to financial accounting : Financial accounting deals with the organization as a whole, reporting to parties outside the organization, is highly regulated and primarily uses historical.
Conflicts that can occur for numerous reasons : Linux software packages have dependencies and conflicts that can occur for numerous reasons. Discuss at least 3 ways they can occur.
Allocation of virtual memory in command prompt : Besides systeminfo, what other command could I use to display the allocation of virtual memory in command prompt?
Physical stores to make these purchases in the future : Is there any chance that something might change which would cause you to return physical stores to make these purchases in the future?
Read accounting post and write specific response : 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.
What you learned about yourself : Does the paper contain rich insights gained from the writer's personal experience or is it simply a commonplace description of what the writer did?
What is the rate of return required to accumulate : If you want to accumulate $500,000 in 20 years, how much do you need to deposit today that pays an interest rate of 15%?
Write response of discussion based on managerial accounting : Managerial Accounting: Focuses on data for internal processes distributed within the company and used for planning and operation effectiveness.
Creating ai applications : What kinds of moral implications do you think programmers will need to consider when creating AI applications?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Should kirsten corporation accept the offer

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

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 inclusion of interest in

gaap provides guidelines for the inclusion of interest in the initial cost of a self-constructed asset.required1. what

  Calculate samanthas annual savings

Assume taxes are 10% of her income per year and that Samantha completely smooth's consumption over her lifetime. Calculate Samantha's annual savings.

  What amount should be reported for operating expenses

During 2010, Burlington Company incurred operating expenses amounting to $600,000, what amount should be reported for operating expenses

  Create a balance sheet and income statement

How are the costs applicable to the 30,000 unsold units reported, The balance sheet would show ore on hand a current asset

  Cost of the investment over the book value

1.Fizer Pharmaceutical paid $68 million on January 2, 2013, for 4 million shares of Carne Cosmetics common stock.

  Identify the ending balance amount on accounts receivable

Rafi M estimates uncollectibles to be 10% of accounts reveivable. Identify the ending balance amount on the accounts receivable and the allowance.

  Prepare the selling expense budget

Prepare the following budgets and other financial information as required: Selling expense budget. Budgeted income statement

  Net income

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,..

  Discuss compute the cash conversion cycle

Using the information from the previous two questions, compute the cash conversion cycle

  Big company buys 10 percent of little company for 200000

big company buys 10 percent of little company for 200000 and has the ability to assert significant influence over

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd