After the first day of cost accounting your friend says, “The role of accountants is to report what happened. Why do we care about value creation? That’s not my responsibility.” Do you agree? Explain in detail offering examples of uses of cost accounting for business purposes.

Which of the following is not a way an accounting system can generate motivation? 15 Multiple Cholce Ask The accounting system can provide Information to allocate revwards appropriately. The accounting system can help create and set goals through the bucgeting process. The accounting system can Introduce punitive measures for employees that do nột achleve goals. for example, limiting pay The accounting system can provide feedback and progress updates perlodicaly

Accounting information helps key stakeholders of the business to make decisions.From the following options,which one is the decision that an internal stakeholder is unlikely to make? A.Make decisions about how toset product selling price,whether to advertise and how much to spend on advertising B.Decide which products to continue to sell and when to add new products or drop old ones C.Identify what resources and employees the business needs,and to set benchmarks against which they can later measure the business's progress towards its goals D.Analyse the business's financial reports to decide whether to purchase shares of the company

answer these questions: step 1; Why do managers/accountants need to behave ethically? Explain. Step 2: Describe thestrengths and weaknesses of an accountant for icecream business. would they be good accountants?step 3:Compare and contrast manual accounting with computerized accounting, How are theydifferent?

Why do you think it’s so important for businesses to also put an emphasis on managerial accounting? What benefits do you think are gained when using managerial accounting?

What are the impacts of technology towards accounting? What is the role of technology in accounting practices? Has technology disrupted the accounting profession? Why should management accountants leverage technology? Cite and reference your work.

Review the scripture below.  Does God's word here have relevance to the concepts being studied in Managerial Accounting, or do spiritual and business concepts just not mix?  Please share your ideas and give examples.  Feel free to cite other sources. Luke 14:28-30 in the Bible reads:  “But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it? Otherwise, you might complete only the foundation before running out of money, and then everyone would laugh at you. They would say, ‘There’s the person who started that building and couldn’t afford to finish it!’" Explain the meaning of (a) differential revenue, (b) differential cost, and (c) differential income. A company is offered incremental business at a special price that exceeds the variable cost. What other issues must the company consider in deciding whether to accept the business? Although the cost-plus approach to product…

Discuss profit equation and how costs affect profitability. Explain the pros and cons of these business decisions. From a biblical perspective, discuss outsourcing to sweatshops and mass layoffs.

Which of the following statements is true? I.   A packaging department is most likely a cost center. II.  In a profit center, the manager is most likely in-charge of investments, revenues and costs. III. The cafeteria in the college is most likely a profit center. IV. A business unit within a business is an example of a revenue center   a. All but II b. I only c. All statements are true d. All but II and III e. I and II only Clear my choice

An identifiable part of the company for which financial information is available is called __________.     ANSWER       a business segment   the contribution margin   the gross profit   the profitability analysis   I DON'T KNOW YET