Part 1: Analyze your organization or an organization that you are familiar with through a Managerial Accounting lens. Compare and contrast the difference between the core principles, functions, and...

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Part 1: Analyze your organization or an organization that you are familiar with through a Managerial Accounting lens. Compare and contrast the difference between the core principles, functions, and usage of Managerial and Financial Accounting.

Identify and map how you might break down your organization by divisions/units and propose how managers might use this divisional financial mapping in organizational and departmental financial decision-making and strategy.

Part 2: Examine the role of GAAP in financial accounting. When, where, and for what purpose is GAAP used. Debate the ethical implications of a lack of centralized/standardized/governed financial standards in managerial accounting. What is gained and what is lost in this type of internally regulated financial decision-making environment?

Part 3: Construct a balance sheet for a department/unit within your organization. Critique the value of this department/unit within the larger organization.

Answered Same DayMay 02, 2021

Solution

Sumit answered on May 02 2021
22 Votes
Part 1:
Management Accounting is a branch of accounting which provides information to the managers of the company, so that the managers can take better decisions regarding how the company which...
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