QuestionFor  this week’s second discussion question, you are bei

For  this week’s second discussion question, you are being asked to engage  in a reflective exercise. Below are the course learning outcomes, which  can be physically located under the course overview module. Now that you  are nearing the conclusion of the course, I would like for you to  discuss just how prepared you feel you are in terms of addressing each  outcome. If you believe there are certain outcomes which you’re still  not as comfortable with, what specific steps (or actions) will you take  outside of this course to strengthen these areas? You ARE NOT  expected to provide peer responses for this discussion question, but  you are welcome to share insights with your peers should you choose to  do so.

1. Demonstrate a basic knowledge of managerial accounting and applicable professional standards.
2. Analyze internal management issues to determine the accounting impact on the decision making process.
3. Distinguish between managerial and financial accounting in the decision-making process within the business.
4. Assess current managerial accounting issues and how they affect the business environment.
5. Analyze a firm’s financial statements (vertical and horizontal  analysis, ratio analysis, segment reporting, etc.) in order to ascertain  the performance on its business units.
6. Develop an operational, financial, and capital budget for a business.
7. Explain the role of responsibility management accounting and its implications for the manager.

In addition to your perceived comfort with the learning outcomes, I  would like to know which learning approaches you found most helpful and  why? Finally, do you believe that this course strengthened your critical  thinking skills?