A. Read and complete the self-graded questions for ch 17, 18, 19, and 20 athttp://www.principlesofaccounting.com/.

B. At this point you can complete your SEC 10-K project as we have completed our studies of financial accounting related to the financials.This we week begin studying another area of accounting:managerial accounting.

Verizon SEC 10K Report

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000732712/000073271221000012/vz-20201231.htm#i945fb9a9a3a64a8a80228fcfb91db25e_1956

Managerial accounting uses accounting and financial information for decision making.

What key concepts do you learn from the use of accounting and financial information for managerial decision making as described in PoA chapters 17 18 19 and 20?

Have you previously studied break-even analysis in an economics course?What does break even analysis indicate to managers?How can managers use break even analysis for decision making?Can this be used for pricing decisions?What types of managerial decisions are supported by break even analysis?

Additionally, provide a summary of the accounting concepts learned through the readings and practice quizzes for this week.Demonstrate your understanding of the week's concepts.If you need ideas regarding topics to discuss, see ideas below.The more detailed your write-up documenting your understanding the higher it will be graded.(See Rubric for details.)

Complete the report below as a Word document and submit in the Assignment Folder for week 1 Homework.

Additionally, here are some topics to consider:

• What is the difference between financial accounting and managerial accounting?Who are the intended users?
• How does viewing costs from different perspectives (product versus period; variable versus fixed) help in managerial decision making?
• Discuss the differences between product and period costing systems.
• When do costs of producing a product become an expense, impacting profits?
• What topic(s) gave you trouble this week (if any)?/What topic(s) do you feel you were able to grasp?Post questions in the homework discussion thread!

The most important aspect of this write-up is to document your understanding of the week's concepts!