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1. Provide 5 examples of business activities or accounting reports that reflect the difference between financial accounting and managerial accounting in different aspects (purpose, focus,
1. Provide 5 examples of business activities or accounting reports that reflect the difference between financial accounting and managerial accounting in different aspects (purpose, focus, disclosure, etc.) and describe their importance in the performance of the company. Example: Financial Accounting: Preparation of a report that includes the quarterly production to report the quarterly results to the parent company. It allows the preparation of quarterly reports for regulatory agencies and shareholders. Managerial accounting: Preparation of a weekly production report by product type to measure performance. It provides information that helps us estimate in advance whether or not the monthly production goal will be achieved and identify possible problems that prevent the goal from being met. 2. Describe at least two planning and two control activities that a manager of a grocery store (supermarket) would engage in. 3. Describe two risks that a food business (supermarket) may face and what control measures they can establish to minimize or prevent their effect. 4. Choose one of the companies in the automotive industry and describe its corporate strategy (customer value proposition / customer value proposition) and explain how important it is for a managerial accountant to know this strategy. 5. Search the website of a large company of your choice (Hewlett Packard, CVS, Benn & Jerry's, Procter and Gamble, Lenovo) and describe at least two recent steps they have taken to meet their social responsibility. Explain what impact these measures can have on business image. Remember that many large companies publish a social responsibility report (sustainability report)
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