1: Nature of Managerial Accounting and Costs
- Page ID
- 26011
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Learning Objectives
By the end of this section, the students should be able to
- Compare and contrast financial vs. managerial accounting.
- Apply accounting procedures for manufacturing businesses.
After you complete the required assignments you will be able to:
- Compare/Contrast Financial vs. Managerial Accounting.
- Define product and period costs
- Compute cost of goods sold for a manufacturer
- Prepare a manufacturing statement