Managerial Accounting - 14e; Chapter 1 Managerial Accounting: an Overview

Chapter 1 managerial Accounting: An Overview Solutions to Questions 1-1 financial report is have-to doe with with reportage financial information to foreign forkies, such as stockholders, creditors, and regulators. Managerial business relationship is concerned with providing information to managers for utilise within the organization. Financial be emphasizes the financial consequences of past transactions, objectivity and verifiability, precision, and companywide performance, whereas managerial accounting emphasizes decisions affecting the future, relevance, timeliness, and segment performance. Financial accounting is mandatory for external reports and it involves to comply with rules, such as gener all in ally authentic accounting principles (GAAP) and international financial describe standards (IFRS), whereas managerial accounting is not mandatory and it does not need to comply with externally imposed rules.

1-2 five-spot examples of supplying activities include (1) estimating the advertise revenues for a future period, (2) estimating the total expenses for a future period, including the salaries of all actors, word of honor reporters, and sportscasters, (3) planning how many new picture shows to introduce to the market, (4) planning all(prenominal) television shows designated lot time slot, and (5) planning the networks advertising activities and expenditures. Five examples of supreme activities include (1) comparing the actual number of viewing audience for each show to its viewership projections, (2) comparing the actual greets of producing a made-for-televi sion externalise to its budget, (3) compar! ing the revenues earned from broadcasting a sporting place setting to the follows incurred to broadcast that event, (4) comparing the actual costs of rival a production studio to the budget, and (5) comparing the actual cost of providing global, on-location news coverage to the budget. 1-3The quantitative analysis would focus on determining the potential cost savings from buying the assort rather than...If you want to get a full essay, inclose it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay