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1 - What are the key differences between managerial andfinancial accounting?

2 - How is managerial accounting relevant to you in your futurecareer?

3 - Why has ethical behavior in the area of accounting andfinance become so important?

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Trinidad Tremblay
Trinidad TremblayLv2
28 Sep 2019

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1. what are the basic differences between managerial and financial accounting? provide examples.

2. why is cost accounting so important?

You will explore the profession of accounting, from theperspective of managerial accounting work and careers. Below issome information that can get you started, though you will need todo some additional research on your own. You can use the library,the Internet or interview a managerial accountant to accessadditional information. Create a written document in the properform that includes the following: What is managerial accounting?What is the difference between managerial and financial accounting?Who are the users of financial accounting and managerial accountinginformation? How is managerial accounting information used to makedecisions? Identify some different jobs someone with a managerialaccounting education/experience can engage in. What is the IMAStatement of Ethical Practice and how does it impact the behaviorof an accounting professional? Describe the CMA certification forManagerial Accounting Professionals.

1. Define managerial accounting

2. Describe the role of managerial accounting and the managementaccountant in a business or organization

3. Describes ethical issues/concerns for the managementaccountant

4. Describes at least three managerial accounting techniquesavailable and their application within a business ororganization

Part II Select at least three of the five topicsidentified below:

Cost Management Techniques

Costing Methods

Capital Investment Decision Techniques

Budgeting

Quality Control

For each topic selected, present real world examples of theapplication of managerial accounting techniques within a businessor organization. Examples may be gathered from your ownprofessional experiences or from case studies obtained fromcredible sources (excluding textbook examples explored in previousweeks). Presentation of each example should include how amanagerial accounting technique was applied in the business ororganization’s decision-making model. Be sure to support yourexample with calculations when applicable.

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