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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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Deanna Hettinger
Deanna HettingerLv2
28 Sep 2019

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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.

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 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.

Cost Classifications

Answer each of the following within your essay.

Define direct costs and indirect costs.

Explain why managers consider direct costs to be more accuratethan indirect costs.

Name at least two factors that affect a cost's classification asdirect or indirect.

Define variable and fixed costs, and provide at least twoexamples of each.

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.

Process Costing

Explain the accounting differences in process costing versusjob-order costing and answer the following questions:

How are manufacturing costs accounted for in processcosting?

How are labor and overhead costs applied in a process costingsystem?

Why is the cost per equivalent unit determined separately fordirect materials and for conversion costs?

What is the reason for determining the cost per equivalentunit?

What is the most important purpose of the cost of productionreport?

Are there different ways of determining the cost of completedand transferred out units, and the cost of ending work in processinventory?

Additionally, provide an example of a product environment mostsuitable to employ a process-costing system.

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