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Week 1: Introduction to Managerial Accounting - Discussion

Managerial and Financial Accounting (graded)

Flexibility, timeliness, and forward looking is said to be the prominent trait of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus on thesetwo accounting systems differs.

Responses

Responses are listed below in the following order: response, author and the date and time the response is posted.

Response

Author

Date/Time

Class

Professor Backman

10/18/2012 4:29:46 AM

Let's start off by discussing the goal of managerial accounting.

What is the goal of managerial accounting?

How do managerial goals differ from the goals of financial accounting?

What are the differences between managerial...