Since there are no regulations governing managerial accounting, how does an accounting department determine what reporting...
Since there are no regulations governing managerial accounting, how does an accounting department determine what reporting to present to management?
Homework Answers
Management accounting does not follow GAAP or any another type of regulations. Management accounting prepare reports for only internal use of the business.
Reporting is focused on the parts of the organization such as departments or divisions but not on organisation as whole
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Since there are no regulations governing managerial
accounting, how does an accounting department determine what
reporting...
In at least 225 words answer the following: Since there are no regulations governing managerial accounting,...
In at least 225 words answer the following: Since there are no regulations governing managerial accounting, how does an accounting department determine what reporting to present to management?
In at least 225 words answer the following: How does an accounting department determine what reporting...
In at least 225 words answer the following: How does an accounting department determine what reporting to present to management, since there are no regulations governing managerial accounting
Since managerial accounting does not follow strict reporting requirements like financial accounting, do you see any...
Since managerial accounting does not follow strict reporting requirements like financial accounting, do you see any ethical issues that may arise? Should there be specific reporting requirements?
Assignment Questions: 1. One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility....
Assignment Questions: 1. One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility. Financial reporting is restricted by Generally Accepted Accounting Principles whereas reporting in Managerial Accounting has fewer rules. a) Why is it permissible to violate Generally Accepted Accounting Principles when preparing reports used strictly by company management? b) Should external users always have the same information as internal users? Explain. 2. The United States uses accounting standards developed by the Financial Accounting Standards Board (FASB)...
r the IRS is to look under Treasury Department Circular No. 230, "Regulations Governing Practice before...
r the IRS is to look under Treasury Department Circular No. 230, "Regulations Governing Practice before the Internal Revenue Service". How does this area apply to being a CPA and completing tax returns for clients? How does this apply to our question this week?
r the IRS is to look under Treasury Department Circular No. 230, "Regulations Governing Practice before...
r the IRS is to look under Treasury Department Circular No. 230, "Regulations Governing Practice before the Internal Revenue Service". How does this area apply to being a CPA and completing tax returns for clients? How does this apply to our question this week?
r the IRS is to look under Treasury Department Circular No. 230, "Regulations Governing Practice before...
r the IRS is to look under Treasury Department Circular No. 230, "Regulations Governing Practice before the Internal Revenue Service". How does this area apply to being a CPA and completing tax returns for clients? How does this apply to our question this week?
Assignment Questions: 1. One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility....
Assignment
Questions:
1.
One of the
differences between Managerial Accounting and Financial Accounting
is reporting flexibility. Financial reporting is restricted by
Generally Accepted Accounting Principles whereas reporting in
Managerial Accounting has fewer rules.
a)
Why is it
permissible to violate Generally Accepted Accounting Principles
when preparing reports used strictly by company
management?
b)
Should external
users always have the same information as internal users?
Explain.
2.
The United States
uses accounting standards developed by the Financial Accounting
Standards Board (FASB)...
how does the managerial accountant determine the department sequence in the step-down method? How are ties...
how does the managerial accountant determine the department sequence in the step-down method? How are ties handled?
How is managerial decision making affected by financial accounting reporting? Give your opinion
How is managerial decision making affected by financial accounting reporting? Give your opinion
Assignment Questions: 1. One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility. Financial reporting is restricted by Generally Accepted Accounting Principles whereas reporting in Managerial Accounting has fewer rules. a) Why is it permissible to violate Generally Accepted Accounting Principles when preparing reports used strictly by company management? b) Should external users always have the same information as internal users? Explain. 2. The United States uses accounting standards developed by the Financial Accounting Standards Board (FASB)...
Assignment
Questions:
1.
One of the
differences between Managerial Accounting and Financial Accounting
is reporting flexibility. Financial reporting is restricted by
Generally Accepted Accounting Principles whereas reporting in
Managerial Accounting has fewer rules.
a)
Why is it
permissible to violate Generally Accepted Accounting Principles
when preparing reports used strictly by company
management?
b)
Should external
users always have the same information as internal users?
Explain.
2.
The United States
uses accounting standards developed by the Financial Accounting
Standards Board (FASB)...
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