Managerial accounting can be a complex job. As you learned in this week’s practice assignment, many different calculations need to be completed to assist an organization with its financial statements....

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Managerial accounting can be a complex job. As you learned in this week’s practice assignment, many different calculations need to be completed to assist an organization with its financial statements.






Write a 250-word response reflecting on your experience making the calculations from the practice assignment. In your reflection, share your thoughts on the activities within this week’s readings. Consider how calculating financial statements will help drive effective business decisions.






Address the following questions within your response:



  • Which calculations were challenging for you? Why?

  • Which ratios were difficult to understand?

  • What will you do differently in the following weeks?






If you did not have any challenges, respond to the following questions:



  • What prepared you for these calculations?

  • What advice would you give a classmate who needs assistance?

Answered 1 days AfterJan 19, 2021

Answer To: Managerial accounting can be a complex job. As you learned in this week’s practice assignment, many...

Sanjukta answered on Jan 20 2021
137 Votes
2
Accounting
The calculations that were challenging for me
One of the main challenges in the acco
unting related to the calculation part is calculating different type of cost that is incurred in the firm such as labor, direct materials, overhead costs, etc. This becomes one of the most significant challenges for a lot of students like me in terms of segregating the cost in various subheads and identifying between standard and actual also creates difficulties for...
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