Question
please help need the answer nw Financial and management accounting are both concerned with the economic events of an enterprise. Similarities between financial and management
please help need the answer nw
Financial and management accounting are both concerned with the economic events of an enterprise. Similarities between financial and management accounting do exist, but they do have a different focus. Briefly distinguish between financial and management accounting as they relate to (i) the primary users, (ii) the type and frequency of reports, (iii) the purpose of reports and (iv) the content of reports.
Ahmad is confused about the differences between a product cost and a period cost. Explain the differences to Ahmad.
Question 1 (C)
A manufacturing company makes the products that sells. Briefly identify and define the cost elements that are incurred in making a product. After product cost elements are identified, how is the cost of goods manufactured for a period determined? (6 marks)
Question 1 (D)
What are the conditions that would indicate to the management of a firm that they should switch from traditional costing to activity-based costing?
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