14 Jun HOW IS THE PURPOSE OF MANAGERIAL ACCOUNTING DIFFERENT FROM FINANCIAL ACCOUNTING?
How is the purpose of managerial accounting different from financial accounting?
Are more accountants involved in the financial or managerial function today?
Comment on the use of a variable costing approach vs. absorption income statement. Describe the differences in the presentation and use of each type of income statement.
How is the concept of “cost of goods sold” different from “contribution margin”?
Explain the contribution margin concept/computation and when to use the information.
Choose one or two topics for further investigation and share your knowledge with the class. Provide factual information (not merely opinions) backed up by current news, examples, or other interesting details. Your comments should be in your own words and include references in APA format, if applicable.
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