BUS 215 EXAM 1 CH 1-3 what is managerial accounting - CORRECT ANSWER-A field of accounting that provides economic and f inancial information for managers and other internal users. differences between managerial and financial accounting - CORRECT ANSWER-Financial Reports are external, must adhere to GAAP, Annual/Quarterly reports on entire company Managerial Internal reports, Heavily forward looking, is not required by any law. How is managerial accounting information used - CORRECT ANSWER-planning, controlling, decision making Why study managerial accounting - CORRECT ANSWER-1) Understanding revenue and cost 2)Al business majors will use this info at some point 3)excel skills IMA - CORRECT ANSWER-Institute of Management Accountants (ethics monitor) IMA's Statement of Ethical Professional Practice - CORRECT ANSWER-competence, confidentiality, integrity, credibility CSR (Corporate Social Responsibility) - CORRECT ANSWER-Human capital, natural capital, financial capital Benefits of CSR - CORRECT ANSWER-Superior work force increase intangible assets operating efficiency gains Direct Costs - CORRECT ANSWER-Direct labor
Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.
No worries! You can instantly pick a different document that better fits what you're looking for.
No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.
“Bought, downloaded, and aced it. It really can be that simple.”
