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Unformatted text preview: WalMart- EDLP Everyday low price. On the exam: 18, 19 and 20. Composite of chp. 7, 8 and 10 Chpater 10: Hawthorn experiment?? Accounting a lot like Finance. Managerial accounting takes those reports and helps managers in firms, internal to the firm. Financial accounting: To people who are interested in the firm but outside the firm. For example stockholders, suppliers. Tax accounting: Audit: Auditors check all the accounting. Can be externals. Finance is about getting sufficient funds for the cooperation to operation. And controlling the expenditure of those funds in various funds in those firms (budgeting). Keep as much of the resources as they can. Dollar in: Stock and Debt(bonds) operating period keep as much as possible by minimizing tax. Control by 1) Budgeting 2) AP or AR AR money recived from customer AP...
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- Spring '07