Job Order Cost Systems
Why are job order cost systems used by companies? How do they allow information about costs to be used (1) in pricing decisions, and (2) to evaluate cost / profit / adherence to or variation from plan after the fact?
Two Key Ideas in Managerial Accounting
Chapter one discusses two key ideas – (1) Incremental Analysis is the Key to Decision-making, and (2) You get what you measure. What do these ideas mean? Why are they important?
Financial vs. Managerial Accounting
What are the principal differences between financial and managerial accounting? There are many so please try to cover and discuss as many as possible.