Contrast managerial accounting and financial accounting. Role of corporate governance in managerial accounting. Classification of costs by
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Question:
- Contrast managerial accounting and financial accounting.
- Role of corporate governance in managerial accounting.
- Classification of costs by cost behavior.
- What is the distinction between direct and indirect costs, period and product costs, expired and unexpired costs, and the application of the accounting treatment of each?
- Concept of relevant range and its impact on cost behavior information.
- Characteristics of relevant costs and qualitative factors that affect business decisions.
- Capital expenditures and application of concepts in appropriate business situations.
- Breakeven analysis and preparation of contribution margin income statements.
- Preparation of budgets for a business and distinction between various types of budgets.
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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