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1.Which ideas that help to develop your management, accounting, economic and statistical skills? 2.Why is it difficult or even sometimes impractical to apply financial and

1.Which ideas that help to develop your management, accounting, economic and statistical skills?

2.Why is it difficult or even sometimes impractical to apply financial and managerial accounting for decision making in the organization?

3.Explain three ways that a company might use managerial accounting information.

4.What do you believe is the most important aspect of managerial accounting?

5.How do managerial decisions affect managerial accounting?

6.Using the Fundamentals of Product and Service Costing, explain how a basic product costing system is used to calculate product or service costs.

7.What are some of the benefits of obtaining the CMA certification?

8.What is an audit, and why are audits performed?

9.What are discontinued operations in finance?

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

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