3.29 Accounting 211 - Accounting 211 Monday March 29th 1999...

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Accounting 211 Monday, March 29th, 1999 Announcements: none Lecture notes: Chapter 15 Homework Questions 4. They are both responsible for summarizing and reporting information for interested parties. 6. Financial accounting is for those outside an organization, used double- entry accounting, and must adhere to generally accepted guidelines. Management accounting is for those within the company (managers), is more flexible in its accounting systems, and has no set guidelines. 8. Pricing and delivery dates, production operations, saleability and profitability, budgets, information about production planning and
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Unformatted text preview: scheduling, product-line management and development, cash management, capital expenditures, product quality levels, customer satisfaction, selling, distribution, information for external reporting and computing taxes. 17. Manufacturing companies make the product, and merchandising companies purchase products ready for sale. Therefore, manufacturing companies have to account for the cost of materials and products in progress as well as finished goods. Exercises SDE4 1. Difference Pounds Percentage Machine #1: Week 1 0% Week 2 18,000 49.6% Week 3 36,000 100.4% Week 4 46,800 131.3%...
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