You are continuing your assessment of your SEC corporation for your employer. This week marks the move from understanding financial statements to using accounting information to evaluate business decisions:
• Write a two-paragraph analysis of the differences between Financial Accounting (weeks 1-5) and Managerial Accounting (week 6). What are the benefits of understanding both and how they interact?
• Explain the difference between job costing and process costing.
• Consider your SEC corporation. Would they use Job Costing, Processing Costing or a combination? Why?
• How does managerial accounting impact quality control? How do customers influence quality control?
Complete the report below and submit in the Assignment Folder.
Write a brief report on your activities this week as a Word document and upload it to this week’s Homework assignment folder.
If you’re not sure what to write, here are some things to consider:
• What resources did you find most/least helpful this week?
• What topic(s) gave you trouble this week (if any)?
• What topic(s) do you feel you were able to grasp?
• How might you change your time management or study habits?
• Comment on the value of the activities you completed this week
These are just examples of things you could write about, but feel free to write anything you want. There are no right or wrong answers to this weekly homework report assignment.
Remember all submissions and postings in our class must be in your own words. Deliverables are to be single spaced with double spacing between paragraphs. We are writing business reports.