B-01.01 Problem

B-01.01 Problem - managerial accounting. If you are...

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B-01.01 Professor Pacioli was recently asked the following five questions by his aspiring accounting students. Prepare a summary of the professor's reply to each question. (a) Professor, I cannot quite put my finger on it, but your name has a familiar ring to it . . . why is that? (b) Professor, I have no interest in being a bookkeeper. Why should I study accounting? (c) Professor, I am not sure I understand why there is a distinction between financial and
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Unformatted text preview: managerial accounting. If you are accounting for one business, how can there possibly be two separate approaches? (d) Professor, haven't computers and modern information systems made accountants obsolete? (e) Professor, I am interested in becoming a CPA. What do I need to do, apply to the FASB?...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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