How have the jobs of management accountants changed in the last 10 years? How has information technology changes managerial accounting during these last 10 years? 1. Prepare a "then-versus-now" comparison.
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How have the jobs of management accountants changed in the last 10 years? How has information technology changes managerial accounting during these last 10 years?
1. Prepare a "then-versus-now" comparison.
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- How have the jobs of management accountants changed in the last 10 years? How has information technology changes managerial accounting during these last 10 years?2. What five skills do you believe are the most important for management accountants to possess? Discuss the rationale for your choices. Do you think these skills have changed over the past 10 years? Why or why not?List the four steps in short-term decision making. At which step are managerial accountants most involved?
- 7. Which of the following describes United States Bureau of Labor Statistics (BLS) expectations of jobs using financial skills in the next decade? (A) plentiful but low paying (B) few and low paying (C) plentiful and high paying (D) few and high payinganswer in 10 minutes What role do management accounting principles and practices play in assisting managers in solving real-world company problems?Which of the following is most associated with managerial accounting? a.is prepared for users outside the organization b.always reports on the entire entity c.must follow GAAP d.may rely on estimates and forecasts Which of the following measures a company's ability to pay its current liabilities? A. times interest earned B. earnings per share C. current ratio D. inventory turnover
- List the four phases in making short-term decisions. At which stage are management accountants primarily involved?Comparing managerial accounting and financial accounting Match the following terms to the appropriate statement. Some terms may be used more than once, and some terms may not be used at all. a. Accounting systems that must follow GAAP b. External parties for whom financial accounting reports are prepared. c. The role managers play when they are monitoring day-to-day operations and keeping the company on track. d. Internal decision makers. e. Accounting system that provides information on a company’s past performance. f. Accounting system not restricted by GAAP. g. The management function that involves choosing goals and deciding how to achieve them.Now, consider emerging trends in business today. How should the discipline of managerial accounting evolve to meet the changing needs of organizations? Be specific. Suggest specific accounting information needs that you feel managers have in the current business environment.
- The benefits of management accounting information include: Select one: a. More effective planning. b. Improved decisions. c. All of the given answers. d. Greater efficiency of operations. Question 34 Question text Management accounting focuses primarily on providing data for: Select one: a. Internal uses by managers. b. External uses by stockholders and creditors. c. External uses by the Internal Revenue Service. d. External uses by the Securities and Exchange Commission. Question 35 Question text Prime cost consists of: Select one: a. direct labor and manufacturing overhead. b. direct materials and manufacturing overhead. c. direct materials, direct labor and manufacturing overhead. d. direct materials and direct labor.List the four processes involved in making short-term decisions. At which stage of the process are management accountants most heavily involved?For the following activitie, explain which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved. Estimating the annual operating cost of a newly proposed Wells Fargo branch bank.