Select an industry context of interest and use this context as you respond to the
questions below. Examples might include hospital management, retail clothing,
financial services, hotel management, etc. Indicate your choice at the beginning of
your answer.
Within this industry context, describe the differences between financial accounting
and managerial accounting. How do the purposes of each discipline differ? How do
the analytic tools differ?
Describe the specific categories of decision making that are supported by the tools of
managerial accounting. In the industrial context you have chosen, what kinds of
analyses are typically conducted here and how do these analytical approaches help
decision makers? Be specific in your responses and make sure that you provide
examples for all major points. As you develop your response, make sure to emphasize
how the analyses support decision making rather than just describing the methods of
analysis. What kinds of typical operational and strategic problems can be avoided
through high performance managerial accounting?
Describe some of the most common areas of under performance in the managerial
accounting function. What are some typical problems that occur in the managerial
accounting function that result in less than optimal decision making support? Why do
these problems occur and what are some strategies for avoiding such problems? (3 sources minimum)
Baby born with anencephaly
A baby is born with anencephaly, or absence of the entire brain above the brainstem. The brainstem is intact, which means that the baby can breathe and have a heartbeat and blood pressure, but there is no chance for any human brain function or cognition, due to this birth defect. The health care team begins […]
