E1.23 LO 1.3 Differences between management accounting and financial accounting For the 10 activities listed below, indicate whether each is likely to form part of the duties of the following roles:

(a) management accountant

(b) financial accountant

(c) cost accountant

(d) none of the above. Activities 1. Preparing a balance sheet.. 2. Preparing a profit forecast by product line. 3. Estimating the depreciation expense for a factory's equipment. 4. Monitoring the effects of a quality Improvement program. 5. Estimating the cost of goods produced. 6. Estimating the cost of a prototype for a new product being developed. 7. Preparing a sales forecast. 8. Monitoring the effects of a waste reduction program. 9. Preparing a report on customer satisfaction. 10. Preparing an income statement.