1.The Unique Bookshelf Company is considering the purchase of a custom delivery van costing approximately $50,000. Using a discount rate of 20%, the present value of future cost savings is estimated at $51,200. To yield the 20% return, the actual cost of the van should not exceed the $50,000 estimate by more than:

2. Discuss the importance role managerial accountants

3. A good cost accounting system is narrowly focused on a continuous reduction of costs.

True

False

Explain?

4. A distinction is made between financial and prudential reporting. Can you explain the nature of this distinction and why it is important?

5. Explain the role of financial reporting in the development of management accounting. Why has this changed in recent years?

6.What are the primary responsibilities of a management accountant?

7. Explain the difference between job costing and product costing.

8. How do managerial decisions affect managerial accounting?

9. What is the key difference between asset management and liability management?

10. How are cost of production reports used for controlling and improving operations?