Question
The following questions are to be answered as detailed as possible, thanks in advance! 1- Describe how managerial accounting supports the administration process, the differences
The following questions are to be answered as detailed as possible, thanks in advance!
1- Describe how managerial accounting supports the administration process, the differences between management account and financial accounting as well as its' role within an organization.
2- Describe and illustrate the nature of manufacturing operations, including the different types and classifications of costs.
3- Describe and illustrate the financial states of a manufacturing company, including the general balance, cost balance of manufactured goods and the results state (income statement)
4- Describe and illustrate the utilization rates in the evaluation of performance in service industries.
Note: I'm unsure as to what the instructions refer to "illustrate" some of the answers. Not sure if flowcharts where possible. Any and all help is greatly appreciated in the answering of the questions though!
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