Please original work Background info: Emma knows that some of the accounting information used at CM Tech has the potential to be improved upon. She wants to pursue improvements in this area in order to support the forward progress of the performance management strategy. However, she is not an accountant and needs more information before she can make an informed decision and sell the concept to the rest of the team. She asks you do some research for her. What is the difference between managerial and financial accounting? Which one involves ABC costing and the inward-looking performance measures that Emma is looking for? What is activity-based cost (ABC) and how does it differ from traditional costing methods? If Emma decides to implement ABC what key benefits will it provide and what key challenges will she face? Be sure to fully support your assertions in all three sections with reasoning, examples, and research. Please cite references with weblinks
Please original work
Background info: Emma knows that some of the accounting information used at CM Tech has the potential to be improved upon. She wants to pursue improvements in this area in order to support the forward progress of the performance management strategy. However, she is not an accountant and needs more information before she can make an informed decision and sell the concept to the rest of the team. She asks you do some research for her.
What is the difference between managerial and financial accounting? Which one involves ABC costing and the inward-looking performance measures that Emma is looking for?
What is activity-based cost (ABC) and how does it differ from traditional costing methods?
If Emma decides to implement ABC what key benefits will it provide and what key challenges will she face? Be sure to fully support your assertions in all three sections with reasoning, examples, and research.
Please cite references with weblinks
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