Jenna Monera, the controller for Excelsior Company, has faced the following situations in the past two weeks:

Question:

Jenna Monera, the controller for Excelsior Company, has faced the following situations in the past two weeks:
a. Ben Heald, the head of production, wondered whether it would be more cost effective to buy parts partially assembled or to buy individual parts and assemble them at the Excelsior factory.
b. The president of Excelsior reminded Jenna that the shareholders' meeting was coming up, and he needed her to prepare a presentation showing the income statement and information for last year.
c. Ellen Johnson, the vice-president of sales, has decided to expand the sales offices for next year. She sent Jenna the information on next year's rent and depreciation information for budgeting purposes.
d. Jenna's assistant, Mike, received the information from Ellen on depreciation and added it to depreciation expenses and accumulated depreciation on office equipment.
e. Jenna compared the budgeted spending on materials used in production with the actual spending on materials used in production. Materials spending was significantly higher than expected. She set up a meeting to discuss this outcome with Ben Heald so that he could explain it.
Required:
Determine whether each request is relatively more managerial accounting oriented or financial accounting oriented.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...