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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.

Managerial Accounting Basics Indicate whether the following statements are trueor false. 4. Managers’ activities and responsibilities can be classified into three broad functions: cost accounting, budgeting, and internal control. 5. As a result of the Sarbanes-Oxley Act of 2002, managerial accounting reports must now comply with

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