User Account

All Pages

Differences between financial and managerial accounting

Assignment Help Accounting Basics
Reference no: EM13922831

What are some of the key differences between financial and managerial accounting? How do these differences impact the type of information that must be gathered and reported? What are the different types of decisions that users of financial accounting information must make? What are the different types of decisions that users of managerial accounting information must make?

What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?

Reference no: EM13922831

Questions Cloud

Subsidiary had common stock : McClellan, Inc. acquires all of the outstanding common stock of Cranston Enterprises for $150,000 cash. On the acquisition date, the subsidiary had Common Stock of $30,000 and Retained Earnings of $30,000.
Expected sales mix is three of the small drives : The expected sales mix is three of the small drives (1GB) for every one large flash drive (2GB). Given this sales mix, how many of each type of flash drive will flash Co. need to sell to reach its target monthly profit of $ 260,000
Why should there be a delay in developing new organisation : ‘If structure does follow strategy, why should there be a delay in developing the new organisation needed to meet the administrative demands of the new strategy?' (Alfred Chandler) How would you answer this question
How hiv differ from ltr-type retrotransposons : 1. How do retroviruses such as HIV differ from LTR-type retrotransposons? 2. Why is it important for transposons to regulate the frequency at which they transpose?
Differences between financial and managerial accounting : What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?
Identify the key information related to current activities : Identify TWO examples of conflict that could be expected to result fromstaff adopting a strict adherence to only their current perceived primaryroles. One example should evidence negative conflict, while the otherexample should evidence positive c..
What happens when employees and manager are brought together : ‘All any company has to do to explore its own potential to become a more innovatory organisation is to see what happens when employees and managers are brought together and given a significant problem to tackle.'
Determine the regression coefficients b0 and b1 : Construct a scatter plot. Use the least-squares method to determine the regression coefficients b0 and b1
Second national bank : Susan had $501 in interest from an interest-bearing checking account at Chase Bank.Martin had $385 in interest from an interest-bearing checking account at Second National Bank.Martin received $5,740 in interest from U.S. Treasury Bonds.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Financial statements in accordance with gaap

Texark Inc., a calendar year taxpayer, reported $5,210,300 net income before tax on its financial statements prepared in accordance with GAAP. The corporation's records reveal the following information.

  What would the companys manufacturing overhead be comprised

1. does the company use job order or process costing?2.what are the direct materials for the company? list3.what would

  What is the proper bank balance arrived

1. Zee Company's cash account in their ledger has a debit balance of $1094. Zee has $162 of outstanding checks and $283 of deposits in transit. Zee's bank statement shows $36 in charges for checks bought from the bank. What is the proper ba..

  Analyze your ability to adapt to the foreign culture you

research a foreign country of your choice excluding canada with a focus on that countrys specific culture. analyze your

  Prepare a statement of financial position as of december

Prepare a statement of activities for the year ended December 31, 2013, also prepare a statement of financial position as of December 31,2013.

  Schopp inc has been manufacturing its own shades for its

schopp inc. has been manufacturing its own shades for its table lamps. the company is currently operating at 100 of

  Question regarding the securities fraud

From the e-Activity, examine how the Bernie Madoff organization was dismantled and give your opinion on whether you believe he was treated fairly during this process.

  Brady needs to record journal entries for various inventory

brady needs to record journal entries for various inventory purchases on account and subsequent payments. record the

  If sales totaled 800000 for the year 80000 units at 1000

1.if sales totaled 200000 for the current year 10000 units at 20 each and planned sales totaled 187500 12500 units at

  For the coming year swain company estimates fixed costs

for the coming year swain company estimates fixed costs at70000 the unit variable cost at 15 and the unit selling

  The cash account and the december bank statement of

a. linetech companys bank statement showed an endingbalance of 8000. items appearing in the bank reconciliationincluded

  Show the net position either as invested in capital assets

Prepare a statement of net position as of January 1, 2013, in classified format. Show the net position either as invested in capital assets, net of related debt or as unrestricted Prepare a reconciliation of the funds balance sheet to the governmen..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd