Managerial versus financial accounting
[DOC File]Chapter 01 Introduction to Managerial Accounting
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Outsourcing and Make-versus-Buy decisions. Sell or process further decisions. Introduction: The main financial goals in business are to earn a profit and to have a strong financial position. Decision centre on how to achieve these goals. Central idea: Managers often must choose between alternative courses of actions in their decision-making.
[DOC File]Chapter 01 Management Accounting and Corporate …
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Financial accounting focuses on reporting to external parties such as investors, government agencies, and banks. ... A linear cost function is a cost function where, within the relevant range, the graph of total costs versus the level of a single activity forms a straight line. ... 1 Accounting 507 Managerial Accounting Winter 2009. CMU = $13 ...
[DOC File]WHAT IS MANAGEMENT
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Define managerial accounting and understand how it is used. Financial accounting prepares reports for external users, such as investors, creditors, and government agencies. Managerial accounting provides information for managers to use in decision making. Managers are accountable to many different stakeholders.
[DOC File]UPX Material - University of Phoenix
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This question creates an opportunity to discuss managerial versus financial accounting. Managers need to know things like whether or not expenses are being kept in line. They should be kept informed about cash flow issues and actual revenues. Investors and players, on the other hand, are more interested in the bottom line (profit after taxes).
[DOCX File]Chapter 1
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In 1995, the Financial Accounting Standards Board (FASB) passed the Statement of Financial Accounting Standards (SFAS) No. 123, Accounting for Stock-Based Compensation Under SFAS123, firms may choose to measure stock-based compensation either using a fair value method or intrinsic value method specified by Accounting Principles Board (APB ...
[DOC File]Introduction to Managerial Accounting
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6. Select the incorrect statement regarding managerial and financial accounting. A. Users of financial accounting information desire greater aggregation than do users of managerial accounting information. B. Both managerial and financial accounting use economic and physical data in addition to financial …
[DOCX File]Chapter 16
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Managerial accounting information is used by internal business owners and managers, so an internal report used by management is more characteristic of managerial accounting than financial accounting. AACSB: Communication AICPA: Critical Thinking Bloom's: Comprehension Difficulty: Medium Learning Objective: 1 Topic: Comparison of financial and ...
[DOC File]MANAGERIAL ACCOUNTING
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Definition. Managerial accounting is a financial information system designed to assist in the management of an enterprise. Ethics. The Institute for Management Accountants represents managerial accountants and calls on them to abide by a strict code of ethics.
The difference between financial and managerial accounting — Ac…
Role of Financial Accounting Versus Managerial Accounting Matrix. Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting. Managerial Accounting
[DOC File]Solutions for Homework ** Accounting 507 Managerial ...
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Accounting is the language of business. Financial accounting is used by a variety of decision makers outside the company, including individuals, businesses, investors, creditors, and taxing authorities, while managerial accounting is directed to decision makers inside the company. All businesses need accountants.
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