- Discuss the similarity and differences between financial and managerial accounting.
- Discuss the differences between centralization and decentralization.3. Discuss the role of management accountants in an organization.
- Discuss why upholding ethical standards is important for the success or failure of businesses.
- Discuss the difference between a product cost and a period cost. Give at least 3 examples.
- Describe the basic responsibilities of the Chief Financial Officer.
- What are the major benefit from successful implementation of the lean thinking model?
- Discuss the schedule of cost of goods manufactured in relation to the income statement.
- Do the inventory accounts of a manufacturing company differ from the inventory account of a merchandising company? If so, please discuss how.
- Please define and give 3 examples of each of the following terms:
indirect materials
direct labor
indirect labor. - The variable cost per unit varies with output, while the fixed cost per unit is constant. Do you agree? Explain why you agree or disagree.
Sample Solution
