Aviation accounting course

1. In three to four sentences, explain the role of responsibility accounting in achieving company objectives.
2. Explain why accounting uses a double-entry system.
3. Describe at least three reasons why managerial accounting is important to managers for planning, controlling, and decision-making.
4. In three to four sentences, explain the implications of absorption and variable costing for cost-volume-profit analysis.
5. Describe the role of the management accountant in a non-aviation business and an aviation business.
6. Describe at least three objectives of budgeting in an aviation business.