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Differences between financial accounting and managerial accounting. Why do managers need to understand accounting? Who are the users of accounting information? Explain why they are

Differences between financial accounting and managerial accounting.

Why do managers need to understand accounting?

Who are the users of accounting information? Explain why they are users and how they use accounting information.

Explain the importance of internal controls.

Describe some methods of internal controls.

What is the Sarbanes Oxley Act?

What is financial statement analysis?

What are the different types of income statements and why are there different types of income statements?

Explain the three activities in a Statement of Cash Flows.

Solving accounting exercises.

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