Business, 03.09.2019 17:10 kaitlynmeats

Management accounting should not fit the straitjacket of financial accounting. explain and give an example.
a. management accounting does not allow managers to charge interest on owners' capital to judge a division's performance, even though such a charge is required under gaap.
b. management accounting cannot include assets or liabilities with nicknames that are developed internally, which is allowed under gaap.
c. management accounting and financial accounting can use asset or liability measurement rules, such as present values or resale prices, whichever is more reasonable at the time.
d. management accounting does not have to comply with the same standards of financial accounting such as generally accepted accounting principles.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 13:00

Assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of $1 million per restaurant. it outfits each restaurant with an additional $200,000 of equipment and furnishings. to partially defray the cost of this expansion, bbq issues and sells 200,000 shares of stock at $30 per share. what is the amount of economic investment that ahs resulted from bbq's actions? how much purely financial investment took place?

Answers: 2

Answer

Business, 22.06.2019 12:00

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?

Answers: 3

Answer

Business, 22.06.2019 14:20

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Answers: 1

Answer

Business, 22.06.2019 20:20

An economic theory that calls for workers to take control of factories is .

Answers: 3

Answer

You know the right answer?

Management accounting should not fit the straitjacket of financial accounting. explain and give an e...

Questions