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10 Dec 2018

Briefly identify some key differences between managerial accounting and financial accounting. Make sure to address the following points in your answer:

Users of the information

Decisions being made

Constraints/Rules

Any other pertinent information

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Hubert Koch
Hubert KochLv2
12 Dec 2018

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Define how managerial accounting differs from financialaccounting. Be sure to address the diverse users of managerial andof financial accounting and provide examples of how at least fiveusers would utilize accounting information.

Illustrate how managerial accounting information assistsmanagers in performing the roles of planning, directing, andcontrolling by providing an example of each.

Briefly explain how the Sarbanes-Oxley Act (SOX) affectsmanagement accountants specifically, and answer this question: Inyour opinion, is SOX enough to deter unethical accounting practicesinternally? Be specific and support your opinion with academicresearch.

You will explore the profession of accounting, from theperspective of managerial accounting work and careers. Below issome information that can get you started, though you will need todo some additional research on your own. You can use the library,the Internet or interview a managerial accountant to accessadditional information. Create a written document in the properform that includes the following: What is managerial accounting?What is the difference between managerial and financial accounting?Who are the users of financial accounting and managerial accountinginformation? How is managerial accounting information used to makedecisions? Identify some different jobs someone with a managerialaccounting education/experience can engage in. What is the IMAStatement of Ethical Practice and how does it impact the behaviorof an accounting professional? Describe the CMA certification forManagerial Accounting Professionals.

Essay

Answer the questions below in essay format.

Your essay must include an introduction, body, and conclusion,and address all relevant parts of each question. Your responseshould be a minimum of 300 words in length. Make sure to cite anyreferences you use. Proper citation format for a reference includesthe name of the author(s), the title of the work, the date of thepublication, and the page number.

Managerial vs. Financial Accounting

Define how managerial accounting differs from financialaccounting. Be sure to address the diverse users of managerial andof financial accounting and how each would use accountinginformation. Additionally, explain how the Sarbanes-Oxley Act (SOX)affects management accountants specifically and answer thisquestion: In your opinion, is SOX enough to deter unethicalaccounting practices internally? Be specific.

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