Comparing managerial accounting and financial accounting.
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July 23, 2020Do you have ethical responsibilities to Sharon and Darryl? Explain. If there are ethical responsibilities, what are they?
July 23, 2020Comparing managerial accounting and financial accounting.
Details:Please complete the following exercises and/or problems from the textbook:
E18-14
E18-22
E18-23
CP18-42
Prepare your answers in an Excel workbook, using one worksheet per exercise or problem.
*****Save your workbook using the filename LastnameFirstinitial.ACC350.T# where the # represents the topic number. For example, John Doe would submit assignment #5 using the following name: DoeJ.ACC350.T5.
E18-14 Comparing managerial accounting and financial accounting
Match the following terms to the appropriate statement. Some terms may be used
more than once and some terms may not be used at all.
Budget Managerial
Creditors Managers
Controlling Planning
Financial Stockholders
a. Accounting systems that must follow GAAP.
b. External parties for whom financial accounting reports are prepared.
c. The role managers play when they are comparing the companys actual results
with the planned results.
d. Internal decision makers.
e. Accounting system that provides information on a companys past performance.
f. Accounting system not restricted by GAAP but chosen by comparing the costs
versus the benefits of the system.
g. The management function that involves choosing goals and the means to
achieve them.
