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You have been asked to discuss the role of the financial accountants' and managerial accountants' functions in organizations and some of their job responsibilities at the new employees' orientation. What are some of the differences between the two and the type of reports they may each use?
You have been asked to discuss financial and managerial accounting at the new employees' orientation. In 750-1000 words, discuss the following topics:
What are the differences between financial and managerial accounting?
Describe the types of reporting used by financial and managerial accounting?
Thrifty Co. reported net income of $465,000 for its fiscal year ended January 31, 2011. At the beginning of that fiscal year, 200,000 shares of common stock were outstanding.
1. Identify four problems with the system and describe how you would remedy each of them
Alpha Great Construction is using the percentage of completion method to recognize revenue:
Discuss and explain the role of the financial accounting and managerial accounting functions in organizations and some of their job responsibilities.
Best Rate Bank just issued some new preferred stock. The issue will pay a $10 annual dividend in perpetuity, beginning 10 years from now. If the market needs a 7% return on this investment
The actual sale was effected on December 15, 2011, at a price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale.
Which of the following methods of determining bad debt expense does not properly match expense against revenue?
On December 1, 2010, the company declared a cash dividend of $2 per share which will be paid in cash on January 15, 2011. The annual accounting period ends December 31. Prepare the appropriate journal entries on each date.
Suppose that, on March 28, 2020, this security's price is $38,260. If an investor had purchased it for $24,099 at the offering and sold it on this day, what annual rate of return would she have earned?
Bridgette Keyes is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.
Discuss what has happened in recent industrial history to reduce the usefulness of direct labor as the primary basis for allocating overhead to products.
Which cost flow assumption give lower taxes during inflation; LIFO or FIFO?
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