Compare the use and importance of managerial accounting with financial accounting
Assignment Details: I need help with 2 discussion posts.
1st Discussion Post-
In your posting, address the following points:
Compare the use and importance of managerial accounting with financial accounting.
Consider a job that you might hold in the future (Accountant-Tax Preparer/Bookkeeping) and explain how managerial accounting reports could assist you in making better decisions for your department or organization.
Make sure your response addressing the following questions is more than 200 words, and that you include an in-text citation or a brief quote from the reading material where appropriate. Cite your sources in APA Style with in-text citations and a reference list.
Reference
Miller-Nobles/Mattison. (2020). Horngren’s accounting: The managerial chapters (7th ed.). Pearson.
2nd Discussion Post-
Discuss why a predetermined overheard rate is needed and how it is included in product costing.
Explain what causes under-allocated and overallocated overhead and what methods are used to eliminate the variance at year-end.
Elaborate on the reasons why the amount for cost –of goods sold is different from the cost –of goods manufactured.
Explain how the predetermined allocation rate uses an allocation base as a cost driver. Identify what factors are used to determine which cost driver is most appropriate.
Make sure your response addressing the following questions is more than 200 words, and that you include an in-text citation or a brief quote from the reading material where appropriate. Cite your sources in APA Style with in-text citations and a reference list.
Reference
Miller-Nobles/Mattison. (2020). Horngren’s accounting: The managerial chapters (7th ed.). Pearson.
Paper Format: APA
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