a. What is the major difference between financial accounting and management accounting? b. Explain how managers use
Question:
a. What is the major difference between financial accounting and management accounting?
b. Explain how managers use the information in accounting reports.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
Managerial accounting is concerned with providing information to managers ie people inside an organi...View the full answer
Answered By
Dudhat Vaidehi
I tutored mostly elementary school students privately after school and during the summer. We met in their homes or at the public library. I charged an hourly fee, and I provided any necessary materials.
Having taught in special education in two local schools for many years meant that I had contact with a lot of parents of special needs students. I never had to advertise — word of mouth was how most folks knew of me. At one point I did have a website, but didn't utilize it much. I stayed very busy, especially in the summers, and always had a full schedule. I typically met with each student's teacher in order to get an idea of what the focus of my instruction/remediation should be. Becoming familiar with the student's learning style(s) was also very helpful. Often parents would share records and test results with me. After each tutoring session, I documented the student’s progress and gave parents written updates, as well as phone calls or emails as needed.
While my students and I certainly utilized technology and the internet often during our sessions, I never tutored online or for any tutoring company, so am not familiar with the curriculums or methods used in those settings.
Tutoring one on one was very enjoyable and rewarding. My students and I had fun, and grew quite fond of one another. The extra income was a bonus. I had to retire from tutoring due to a physically handicapping disease, and miss my students very much.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the major difference between the capture theory of regulation and the public interest theory of regulation?
-
What is the major difference between repressing and P/M forging?
-
What is the major difference between household accounting and business accounting?
-
machine element is made of an alloy with Yield strength of 200 Mpa and fracture strain is 0.08. A machine element is characterized by the normal stress components as shown in the figure. The Answer...
-
We suggest that managers' behaviors could both stimulate and hinder creative problem solving. Explain
-
Consumer Reports rated airlines and found that 80% of the flights involved in the study arrived on time (that is, within 15 minutes of scheduled arrival time). Assuming that the on-time arrival rate...
-
When we standardize the values of a variable, the distribution of standardized values has mean 0 and standard deviation 1. Suppose we measure two variables X and Y on each of several subjects. We...
-
The December 31, 2014, unadjusted trial balance for Musical Sensations after its second year of operations follows: Required 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the...
-
A company manufactures a single product, which requires two components. The company purchases one of the components from two suppliers: X Limited and Y Limited. The price quoted by X Limited is? 180...
-
Your company has just bought a new dual Pentium processor, and you have been tasked with optimizing your software for this processor. You will run two applications on this dual Pentium, but the...
-
Evaluate the going concern principle. Why should we use it if many businesses fail within the first five years?
-
Financial accounting provides information to external users, people outside the business. Management accounting provides information to internal users, people inside the business.
-
Using the Suze Orman method described on page 459, determine how much of your investments should be growth oriented. Does this seem like a reasonable amount?
-
A large-sized chemical company is considering investing in a project that costs `5,00,000. The estimated salvage value is zero; tax rate is 35 per cent. The company uses straight line method of...
-
From the following budgeted and actual figures, calculate and present the variances in respect of profit on sales and cost of sales. Budget: Sales, 2,000 units @ 15 each Cost of sales @ 12 each...
-
(a) From the following data of a manufacturing unit, find out (i) sales to break-even and (ii) sales to earn a profit of 8,000. (b) The following information is available for companies A and B. (i)...
-
Wowem Corporation manufactures a wide range of clothing apparel. It is a decentralized organization in which different divisions have responsibility for the manufacture and distribution of major...
-
(a) Use a molecular orbital program or input and output from software supplied by your instructor to construct a molecular orbital energy-level diagram to correlate the MO (from the output) and AO...
-
The ages (in years) of 10 infants and the numbers of hours each slept in a day (a) x = 0.3 year (b) x = 3.9 years (c) x = 0.6 year (d) x = 0.8 year Find the equation of the regression line for the...
-
If your school has a subscription to the FASB Codification, go to aaahq.org/ ascLogin.cfm to log in and prepare responses to the following. (a) What is the stock dividend? (b) What is a stock split?...
-
What are examples of the benefits that you can provide to a prospective employer in your field? What are examples of the costs that employer would incur if they hired you? How do you think you can...
-
Give an example of a recent purchase you made where the purchase wasnt just a single transaction but rather part of an ongoing relationship with the seller. Discuss what the seller has done (or could...
-
Discuss how the micro-macro dilemma relates to each of the following products: high-powered engines in cars, nuclear power, bank credit cards, and pesticides that improve farm production.
-
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
-
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...
-
Problem 12-22 Net Present Value Analysis [LO12-2] The Sweetwater Candy Company would like to buy a new machine that would automatically "dip" chocolates. The dipping operation currently is done...
Study smarter with the SolutionInn App