• What key concepts do you learn from accounting and financial information for managerial decision-making as described in PoA chapters 17, 18, 19, and 20?
• Have you previously studied break-even analysis in an economics course?
• What does break-even analysis indicate to managers?
• How can managers use break-even analysis for decision-making?
• Can this be used for pricing decisions?
• What types of managerial decisions are supported by break-even analysis?
• What is the difference between financial accounting and managerial accounting? Who are the intended users?
• How does viewing costs from different perspectives (product versus period; variable versus fixed) help managerial decision-making?
• Discuss the differences between product and period costing systems.
• When do costs of producing a product become an expense, impacting profits?