OBJ _UNIT1_10

OBJ _UNIT1_10 - reference to the following terms:...

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APPLIED MANAGERIAL ACCOUNTING - ACCT2460 UNIT 1: INTRODUCTION TO MANAGERIAL ACCOUNTING TEXTBOOK REFERENCE : Weygant/Keiso Chapter 1 Learning Outcomes 1. Explain the importance of managerial accounting information. 2. Explain the distinguishing features of managerial accounting. 3. Identify the importance of managerial accounting and list some of the activities that managerial accounting information is used for. (p. 4-5) ) 4. Identify the differences between financial and managerial accounting. P. 5) 5. Identify the three broad functions of management: planning, directing, and controlling. 6. Identify the role of management accountants in an organizational structure with
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Unformatted text preview: reference to the following terms: organization chart, board of directors, CEO, CFO, controller, treasurer, line positions, staff positions. 7. Explain the importance of ethical standards and identify the four primary standards: competence, confidentiality, integrity, and credibility. 8. Identify some of the current managerial accounting practices including the concept of value chain, use of ERP systems, JIT inventory methods, TQM, Focus on activities, theory of constraints, and the Balanced Scorecard. Demonstration/Assignment Problems: E1 E6;...
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