LO 1.1Carlita believes an important part of the planning process for managers is being sure to position the company to achieve its goals. She thinks that positioning is an extensive concept and can depend on the right information and that managerial accountants assist in positioning the company. Is she correct? Explain.
LO 1.1What are some activities and tasks a manager might perform when engaging in the controlling function of management responsibilities?
LO 1.1Explain how managerial accountants help managers plan, control, and evaluate.
LO 1.2What is the purpose of management accounting?
LO 1.2What are the key differences between financial accounting and managerial accounting?
LO 1.3Explain how having more than one of the accounting credentials would be beneficial to an accounting career.
LO 1.3According to the information available at http://www.accounting.com/careers/, what are six different areas of accounting on which you can focus your career?
LO 1.3Go to http://www.accounting.com/careers/ and look up your state to find projected job growth and projected salaries.
LO 1.4How can having a bonus system based purely on sales goals create an environment that encourages unethical behavior?
LO 1.5What is an enterprise resource planning (ERP) system? What are the principal benefits of such a system?
LO 1.5Describe what is meant by the term “balanced” in the term balanced scorecard method.
LO 1.5What is corporate social responsibility, and who are the stakeholders?