for managerial purposes, what term includes opportunity costs and accounting costs ?
what term is used to include opportunity costs and accounting costs for manegerial purposes ?
what opportunity costs do you incur by participating in a managerial accounting class?
What opportunity costs do you incur by participating in a managerial accounting class?
True or False: In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports. True or False: an opportunity cost is the benefit forgone by selecting one alternative over another.
The purposes of managerial accounting are to provide useful information to aid in:reviewing post activities.determining costs of products and services.determining costs of employee wages and salaries.comparing actual to planned results.
Absorption costing is NOT required for financial accounting purposes but is required for managerial reporting purposes. True False
Managerial Accounting *Minimum of 300 words* Discuss why fixed costs are not relevant for most short-term decisions.
On the basis of managerial accounting describe the term Relevant Range. Why is it important to stay within the relevant range when estimating costs??
Investors primarily use managerial accounting information for decision-making purposes. True False
Ch 13 Financial Management Purposes/functions of financial management Different types of accounting What is transaction accounting? What is managerial accounting? What is financial accounting? How does finance protect assets? What are audits? Who audits? What financial statements are produced? How does a HCO assure the reliability of financial statements? What is capital financing? How does the operations budget differ from the capital budget? What is long term debt?