ACC 349 Week 1 Discussion Question 1
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What are some of the key differences between financial and managerial accounting? How do these differences impact the type of information that must be gathered and reported? What are the different types of decisions that users of financial accounting information must make? What are the different types of decisions that users of managerial accounting information must make?
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ACC 349 Week 1 Discussion Question 2
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What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?
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ACC 349 Week 1 Individual Assignment BYP 1-7, E1-7
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Prepare written responses to the following assignments from Ch. 1 of Managerial Accounting: Tools for Business Decision Making:
Exercise E1-7 exercise #7 only
Ethics Case BYP 1-7 case #7 only
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ACC 349 Week 2 Discussion Question 1
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What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?
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ACC 349 Week 2 Discussion Question 2
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What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively?...