Preview of Coming Attractions David Colhane, an able electrical engineer, was informed that he was going to be promoted to assistant factory manager.

David was elated but uneasy. In particular, his knowledge of accounting was sparse. He had taken one course in “financial” accounting but had not been exposed to the “management” accounting that his superiors found helpful.

Colhane planned to enroll in a management accounting course as soon as possible. Meanwhile, he asked Susan Hansley, an assistant controller, to state three or four of the principal distinctions between financial and management accounting, including some concrete examples.

As the assistant controller, prepare a written response to Colhane. lop2