Homework Answers
Relation to economics
The macroeconomics environment and micro economics environment influences the financial decisions.
Key economic factors like: -
- Domestic saving rate
- Role of government
- Tax structure
- Growth rate of economy
Impact financial decisions.
The understanding of these factors assist sensitizes the finance manager to the opportunities and threats in the environment.
Also understanding microeconomics also assist in making short term decisions.
Relation to accountancy
The finance and accountancy are closely related. The objective of accounting is to the record the transaction and convert them in analysable form. The finance function take input from this data and assist management to prepare forecast and budgets. The accounting is historic function which provides a base for finance function.
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DESCRIBE HOW THE MANAGERIAL FINANCE FUNCTION IS RELATED TO ECONOMICS AND ACCOUNTING
MNG ECO WEEK 1 DB 1,2 What is Economics? What is Managerial Economics? Why is Managerial...
MNG ECO WEEK 1 DB 1,2 What is Economics? What is Managerial Economics? Why is Managerial Economics relvant to managers? How would you describe the phenomena Globalization? Thomas Friedman wrote a book, "The World is Flat." Judging by the book's title and overview, what would you suggest the author's main thesis was? Your response must be substantial and ask a question or make a point. 6 to 8 senctences NO SCREEN SHOTS OR IMAGES OF RESPONSE. PLEASE TYPE YOUR ANSWER...
Managerial accounting concepts that are beneficial to the internal operations and control of a firm. Managerial...
Managerial accounting concepts that are beneficial to the internal operations and control of a firm. Managerial accounting is focused on the internal view of the firm with the goal of providing metrics and reporting that can be used by management to drive the firm to a more effective and efficient operations in the future. 1. How do we derive standard costs (what is the basis)? 2. How would you describe the value of standard costs? 3. How would you proliferate...
(i) What is managerial economics? (ii) Give five uses of managerial economics to a CEO of...
(i) What is managerial economics? (ii) Give five uses of managerial economics to a CEO of a company.
Describe how managerial accounting could be used to satisfy strategic or operational objectives of The chief...
Describe how managerial accounting could be used to satisfy strategic or operational objectives of The chief executive officer of a food company. The food company is divided into three divisions: Nonalcoholic Beverages, Snack Foods, and Fast Food Restaurants.
True or false: Managerial finance helps managers make decisions related to cash management, capital investments, and...
True or false: Managerial finance helps managers make decisions related to cash management, capital investments, and risk reduction?
Costs, and Decisions in Managerial Economics:( two-page paper ) 1. what you thought was the most...
Costs, and Decisions in Managerial Economics:( two-page paper ) 1. what you thought was the most important in concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding? 2. why you felt it was important, how you will use it, and/or how important it is in managerial economics.
write a 2000-word critical literature review on any topics related to managerial accounting but outside the...
write a 2000-word critical literature review on any topics related to managerial accounting but outside the topic areas covered in class. Possible Topics of Projects The following list is for your reference only. You are not limited to it. You may choose any topic you wish as long as it is related to managerial accounting. As A project About 1. Performance measurement, benchmarking, balance scorecard. 2. Corporate governance, social responsibility and managerial accounting. 3. Intellectual capital, management accounting practices and...
What is managerial economics?
What is managerial economics?
Financial and Managerial Accounting are the two most commonly taken accounting courses. Financial (ACCT 201) is...
Financial and Managerial Accounting are the two most commonly taken accounting courses. Financial (ACCT 201) is generally required as a prerequisite for Managerial (ACCT 202). Consider and respond to each of the following: 1. Compare and contrast Financial Accounting and Managerial Accounting 2. Discuss how Managerial Accounting is used for: planning, controlling, and decision making 3. What kinds of jobs/careers are related to Managerial Accounting?
Describe Accounting practices for Banking and Finance Industry ?
Describe Accounting practices for Banking and Finance Industry ?
Financial and Managerial Accounting are the two most commonly taken accounting courses. Financial (ACCT 201) is generally required as a prerequisite for Managerial (ACCT 202). Consider and respond to each of the following: 1. Compare and contrast Financial Accounting and Managerial Accounting 2. Discuss how Managerial Accounting is used for: planning, controlling, and decision making 3. What kinds of jobs/careers are related to Managerial Accounting?
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