1) what are the major differences between financial accounting and managerial accounting?

2a) differentiate between a department with line responsibility and a department with staff responsibility

2b) in an organization that has a sales department and a personnel department, among others which of the two departments has line responsibility and staff responsibility  

3) what manufacturing cost term is used to describe the cost of materials that are an integral part of the manufactured end product? 

 

4) what is the difference between a product cost and a period cost? 

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1 Major differences between financial accounting and managerial accounting Purpose Financial accounting focuses on reporting an organizations financia... View the full answer