Transcription of Accounting Principles 8th Edition - MCCC
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Accounting Principles 8th Edition - MCCC
Page 1-1 Page 1-2 Managerial AccountingManagerial AccountingFifth EditionWeygandt Kimmel KiesoPage 1-3study the distinguishing features of managerial the three broad functions of the three classes of manufacturing between product and period the difference between a merchandising and a manufacturing income how cost of goods manufactured is the difference between a merchandising and a manufacturing balance trends in managerial 1-4 Page 1-5 Managerial Accounting BasicsManagerial Accounting , also called management Accounting , is a field of Accounting that provides economic and financial information for managers and other internal Accounting applies to all types of businesses. Corporations Proprietorships Partnerships Not-for-profitPage 1-6 Managerial Accounting manufacturing and nonmanufacturing costs and how they are reported in the financial statements.
1-10 Managerial accounting: a. Is governed by generally accepted accounting principles. b. Places emphasis on special-purpose information. c. Pertains to the entity as a whole and is highly aggregated. d. Is limited to cost data. Review Question Managerial Accounting Basics SO 1 Explain the distinguishing features of managerial accounting ...
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