Question Introduction To Managerial Accounting

Introduction To Managerial Accounting

Essay

1. Answer the questions below in essay format.
2. You must write this essay in APA format and include an introduction, body, and conclusion, as well as address all relevant parts of each question. Your response must be a minimum of 500 words in length. You must include at least 2 (two) academic sources to support your ideas, but please make sure to cite ALL references you use. Proper citation format for a reference must include the name of the author(s), the title of the work, the date of the publication, and the page number.

Managerial vs. Financial Accounting

1. Define how managerial accounting differs from financial accounting. Be sure to address the diverse users of managerial and of financial accounting and provide examples of how at least five users would utilize accounting information.
2. Cost can be classified in 5 categories-behavior, traceability, controllability, relevance and function. Briefly explain each category.(Watch Accounting 2 – ACCT 122 – Program #223 – Managerial Accounting Concepts and Accounting 2 – ACCT 122 – Program #224 – Managerial Accounting Concepts – Continued
3. Illustrate how managerial accounting information assists managers in performing the roles of planning, directing, and controlling by providing an example of each.

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