accounting
Question 1
What is the difference between financial accounting and managerial accounting?
Question 2
Explain the two reasons why the shorter the payback period the more attractive the investment is when the payback technique is used?
Question 3
Distinguish between a master budget and a sales forecast.
Question 4
Explain the nature and importance of a job cost sheet.
Question 5
Distinguish among operating, investing, and financing activities.
Question 6
Managers’ activities and responsibilities can be classified into three broad functions. List and discuss each function.
Question 7
Identify and discuss the relevant costs in accepting an order at a special price.
Question 8
Smith & Company claims that the relevant range concept is only important for variable costs. Explain the relevant range concept and discuss whether you agree with Smith & Company.
Question 9
What is a CVP analysis and how is it used in managerial accounting?
Question 10
What is the difference between: unit-level, batch-level, product-level, and facility-level activities?
………………Answer preview……………..
Financial accounting is used to show the financial details of a company to its external shareholders. It presents a specific period of time and enables the people to know how the company has performed. These reports are filed on an annual basis. If it is for a public company, the report is made public annually……………………………
APA
733 words
