A lot of accounting courses have ratio analysis as a topic within managerial, not financial accounting. Which area should ratio analysis be? Why?
Ratio analysis should be part of Managerial Accounting. Even though the base for ratio analysis is Financial Accounting Ratio analysis is more of analytical tool used to understand the financial statements. Ratio analysis are used as a health indicator of a firm based on Financial statements reported. Ratio Analysis does not involve any accounting and used as tool to judge financial statements.
Ratio analysis is used by different users based on their requirements
Hence Ratio analysis is part of Managerial Accounting.
A lot of accounting courses have ratio analysis as a topic within managerial, not financial accounting....
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?
[A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit your answer, number your answer space 1 through 10 (corresponding to the numbering of the items below). For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter...
A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit your answer, number your answer space 1 through 10 (corresponding to the numbering of the items below). For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter...
WEEK 4: MANAGERIAL ACCOUNTING Both financial and managerial accounting are important to a company’s success. Which do you think is more important and why?
Which of the following statements about managerial accounting is false? Financial accounting is based on reliable, historical information, while managerial accounting is based on relevant, forward-looking information. The Chief Operating Officer is responsible for managing financial risk within an organization, and both the Treasurer and the Controller typically report up to the COO. Managerial accounting is focused on reporting the results of segments within a business, while financial reporting is focused on reporting the results of the consolidated company as...
Managerial accounting differs from financial accounting in that financial accounting isa) More oriented toward the futureb) Primarily concerned with external financial reportingc) Related to nonquantitative informationd) Heavily involved with decision analysis and implementation of decisions
Which of the following statements about managerial accounting is false? Financial accounting is based on reliable, historical information, while managerial accounting is based on relevant, forward-looking information O External auditors are used to verify the reliability of financial information to the investing public Managerial accounting is focused on reporting the results of segments within a business, while financial reporting is focused on reporting the results of the O consolidated company as a whole. The Chief Operating Officer is responsible for...
Which of the following is a difference between managerial and financial accounting? A. Managerial accounting reports non-monetary information whereas financial accounting reports both monetary and non-monetary information. B. Managerial accounting prepares reports monthly whereas financial accounting prepares reports annually. C. Managerial information is confidential whereas financial accounting information is publicly available. D. Managerial accounting is used by government authorities whereas financial accounting is used by stockholders.
Explain the topic "Overhead costing and activity-based costing" in detail from Managerial Accounting course. what you have learned from this management accounting topic? what is interesting in this topic and why?
Accounting 1. What is the difference between financial accounting and managerial accounting? As the managet for a firm, which one will you be more concerned with and why?