Your goals for this “managerial accounting introduction” chapter are to learn about: - The distinguishing characteristics of managerial accounting. - The role of managerial accounting in support of planning, directing, and controlling. - Key production cost components: direct materials, direct labor, and factory overhead. - Product costs versus period costs. - Categories of inventory for manufacturers and related financial statement implications. Early portions of this textbook dealt mostly with financial accounting. Financial accounting is concerned with reporting to external parties such as owners, analysts, and creditors. These external users rarely have access to the information that is internal to the organization, nor do they specify the exact information that will be presented. Instead, they must rely on the general reports presented by the company. Therefore, the reporting structure is well defined and standardized. The methods of preparation and the reports presented are governed by rules of various standard-setting organizations. Furthermore, the external users generally see only the summarized or aggregated data for an entity. In contrast, managers of a specific business oftentimes need or desire far more detailed information. This information must be tailored to specific decision-making tasks of managers, and its structure becomes more “free formed.” Such managerial accounting information tends to be focused on products, departments, and activities. In this context, the management process is intended to be a broad reference to encompass marketing, finance, and other disciplines. Simply stated: managerial accounting is about providing information in support of the internal management processes. Many organizations refer to their internal accounting units as departments of strategic finance. This title is more reflective of their wide range and scope of duties. Note This App need internet to work
APKFab.com e il link per il download di questa app sono sicuri al 100%. Tutti i link per il download delle app elencate su APKFab.com provengono da Google Play Store o sono inviati dagli utenti. Per le app da Google Play Store, APKFab.com non le modificherà in alcun modo. Per le app inviate dagli utenti, APKFab.com verificherà la sicurezza della firma APK prima di rilasciarle sul nostro sito web.