Log in
Accounting
1
answer
0
watching
56
views

Managerial Accounting

Topic: Short Run Decision Analysis and CapitalBudgeting.

1. How do managers use the concept of cost-benefit during theevaluating phase of the management process?

2. How do managers use the concept of cost-benefit during thecommunicating phase of the management process?

Watch
1
answer
0
watching
56
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Tod Thiel
Tod ThielLv2
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

How do managers use the concept of cost benefit for short-rundecisions during the planning phase of the managementprocess?

two questions.

1)managers use management by exception for control purposes.describe the concept of management by exception. explane howstandard costs help managers apply this concept to monitor andcontrol costs.

2)batpro makes metal baseball bats. each bat requires 1kg ofaluminum at 20 per kg.and 0.50 direct labor hours at 16 per hour.overhead is assigned at the rate of 40 per lablor hour.what amountswould appear on a standard cost card for batpro

Let us explore the differences between financial and managerialaccounting. Financial accounting is rule-oriented, since theinformation is used to communicate with third parties. Managerialaccounting, on the other hand, is for internal use. Anything goesas long as the information is a valuable tool for decision-makingpurposes, and the benefit of the information exceeds the cost ofaccumulating and analyzing it.

References:

Accounting for Management. (n.d.). Difference Between Financialand Managerial Accounting.

Principlesofaccounting.com. (n.d.). Chapter 17 Multiple ChoiceQuestions.

Required:

Below are some questions for discussion.

How is the purpose of managerial accounting different fromfinancial accounting?

Are more accountants involved in the financial or managerialfunction today?

Comment on the use of a variable costing approach vs. absorptionincome statement. Describe the differences in the presentation anduse of each type of income statement.

How is the concept of "cost of goods sold" different from"contribution margin"?

Explain the contribution margin concept/computation and when touse the information.

Choose one or two topics for further investigation and shareyour knowledge with the class. Provide factual information (notmerely opinions) backed up by current news, examples, or otherinteresting details. Your comments should be in your own words andinclude references in APA format, if applicable

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in