Essay about Financial Accounting versus Managerial...

University of Phoenix Material Role of Financial Accounting versus Managerial Accounting Matrix Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting Managerial Accounting What is the primary purpose of the accounting system? The main purpose of financial accounting is to prepare financial reports that provide information about a firm’s performance to external parties such as investors, creditors, and tax authorities. Must be performed according to GAAP (Generally Accepted Accounting Principles) guidelines. Managerial accounting differs from financial accounting†¦show more content†¦(External) Managerial Accounting reports are primarily used by supervisors, line managers, process owners, as well as executives, to gain a better understanding of the current financial and operational health of the organization. (Internal) What portion of the company is the primary focus? The primary focus of the Financial Accounting is the Company and Enterprise Level. The primary focus of the Managerial Accounting goes down to the Individual Operating Unit. What time periods are included? Historical and Actual Results typically reported on a quarterly and annually basis. Plans, Actual Results and Forecasts that depends on management’s needs; some daily some only once per year. Are there any requirements for the standards of report presentation? GAAP (Generally Accepted Accounting Principles) determine the content and format of financial statements. SEC (Securities and Exchange Commission) requires publicly traded companies to issue annual audit. Concerns are about adequacy of disclosure; and behavioral implications are secondary. Management determines what they would like to include in the report. No authoritative body requires managerial accounting reports. Management carefully considers behavioral implications, when designing the managerial accounting system. If accounting were your career choice, which of the two would you choose? This decision would depend on the organization type, for instance if it were a publicly tradedShow MoreRelatedThe Importance Of Stakeholder Identification For Project Management Essay2063 Words   |  9 Pagesstakeholders, the remaining steps in the process can proceed. However, without accurate identification of the members in the set of stakeholders, the project is at risk of unexpected impacts that could delay or cancel the project or incur unforeseen financial costs to the bottom line. 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Learning Theories, Behavioral Tendencies, And Social...

Introduction Gaining experience as a future teacher helps in understanding the multiple challenges of education. By observing these challenges, one becomes better equipped and more prepared to enter the field. Learning theories, behavioral tendencies, and social development are all factors that affect a student’s success in education. In this paper I will analyze and explain the observations made inside and outside of the classroom at Clarkston High School. Clarkston High School I chose to complete my field experience at Clarkston High School, located in Clarkston, Georgia. The population at Clarkston is 63.1% Black, 29.5% Asian, 3.4% Hispanic, 3% White, 0.8% Two Races, 0.1% American Indian, and 0.1% Pacific Islander. 79.9% of students†¦show more content†¦It is not easy for any of them. Students are constantly skipping class and wandering the halls. The most obvious problem with Clarkston High School is the lack of organization. There seems to be very little control. For instance, on the last day of observation my teacher told me that another teacher had been fired because students were caught having sex in the classroom. The teacher often never locked her door, so students frequently went into her classroom without supervision. Fighting at the school occurs constantly, even with security guards on campus. It is also important to note that the fights are not always between students. Parents have fought faculty members, and stu dents have fought teachers. There was a fight in the cafeteria on one of my observation days, and each class was forced to eat lunch in the classroom. There are students associated with gangs, as my teacher once pointed to a student and said, â€Å"He’s a blood.† I asked her how she knew this and she said, â€Å"He told me.† In my time at Clarkston it was completely evident that the majority of students do not have proper guidance at home. So, the blame should not be entirely placed on the students, because they have no control over how they are raised or what they are taught. A common theme that was brought up with a fellow coach was the fact that some players hang around the wrong crowd. The peer pressure and negative influence is contagious, and IShow MoreRelatedGender Differences Within Social Development1747 Words   |  7 Pagesthrough social development. Depending on a child’s gender, things such as gender identity and social acceptance have a gr eat impact in their development. The first thing parents learned about their children before birth is the sex of the baby. This highlights the importance of sex and gender. Sex differences have long been a very important topic in psychology and in understanding why gender differences affect social development. Social learning theory helps to explain gender development. 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Family Force 5 - Business Up Front, Party In the Back free essay sample

â€Å"Business Up Front, Party In The Back † This is an amazing CD! Family Force 5 is a very good band, that knows what people want to hear. If you first listen to this band, you would not think that they are Christian at all, because they really know how to rock. I had heard a few songs from Family Force 5 on the computer while I was looking up new songs. I was amazed! The first song I heard was â€Å"Love Addict†. I fell in love with the song, and I wanted to hear more songs. I ran into more songs while I was searching and after that I just had to see this band in person. I got my chance when they came to the Lifelight Festival. I ended up buying their CD. My personal favorite song is â€Å"Peachy†. This CD is amazing, if you like rock and rap intertwined, I strongly suggest that you go out and buy this CD. We will write a custom essay sample on Family Force 5 Business Up Front, Party In the Back or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Through the songs in this CD the band reaches out to everyone. There is at least one song that everyone can relate to or fall in love with. I strongly recommend that you go out and buy this CD. It will not leave you disappointed.