Managerial Accounting Assignment 1Week 1

Managerial Accounting Assignment 1Week 1 - Managerial...

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Unformatted text preview: Managerial Accounting: Week 1 Assignment 1 Corriene Power ACC202: Principles of Financial Accounting Mr. Babawale Alao January 27, 2011 10 1 Identifying Financial versus managerial accounting characteristics a. Managerial Accounting b. Financial accounting c. Managerial Accounting d. Financial accounting e. Managerial Accounting f. Financial Accounting g. Financial accounting h. Managerial accounting i. Financial Accounting j. Managerial accounting 10-3 Classifying Costs: Product or G, S, & A/ Asset or Expense a. Production supplies- Product cost, asset b. Depreciation on Administrative Building- G, S, & A, expense c. Depreciation on manufacturing equipment Product cost, expense d. Research and development costs- G, S, & A, Expense e. Cost to set up manufacturing equipment Product cost, asset f. Utilities used in factory- Product cost, expense g. Cars for sales staff- G,S, & A, Expense h. Distribution to stockholders- G, S, & A , Expense i. General office supplies- G,S, & A, Expense...
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This note was uploaded on 01/28/2011 for the course ACC 202 ACC 202 taught by Professor Babawalealao during the Winter '10 term at Ashford University.

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Managerial Accounting Assignment 1Week 1 - Managerial...

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