Jan Harry, a mechanical engineer, was informed that she would be promoted to assistant factory manager. Jan was pleased but uncomfortable. In particular, she knew little about accounting. She had taken one course in "Financial" accounting. Jan planned to enroll in a management accounting course as soon as possible. Meanwhile, she asked you, as company's cost accountant, to state four of the principal distinctions between financial and management accounting. Prepare your response to Jan Harry.

Jan Harry, a mechanical engineer, was informed that she would be promoted to assistant factory manager. Jan was pleased but uncomfortable. In particular, she knew little about accounting. She had taken one course in "Financial" accounting. Jan planned to enroll in a management accounting course as soon as possible. Meanwhile, she asked you, as company's cost accountant, to state four of the principal distinctions between financial and management accounting. Prepare your response to Jan Harry.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter6: Professional Roles

Section6.4: Tommy O’connell, Audit Senior

Problem 3Q

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