Instructions: After thoroughly studying the required teaching resources of module 1, submit the following in writing:

1. Provide 5 examples of business activities or accounting reports that reflect the difference between financial accounting and managerial accounting in the different aspects (purpose, approach, disclosure, etc.) and describe their importance in the performance of the company. (10 points)

Example: Financial accounting Managerial accounting Preparation of a report that includes the quarterly production to inform the quarterly results to the parent company. Allows the preparation of quarterly reports for regulatory agencies and shareholders. Preparation of a weekly production report by type of product to measure performance. It provides information that helps us estimate in advance whether or not the monthly production goal will be achieved and identify possible problems that prevent the goal from being met.

2. Describe at least two planning and two control activities that a manager of a food business (supermarket) would be involved in. (8 points)

3. Describe two risks that a food retail business (supermarket) may face and what control measures can be established to minimize or prevent their effect. (6 points)

4. Choose one of the companies in the automotive industry and describe its corporate strategy (customer value proposition) and explain how important it is for a management accountant to know that strategy. (5 points)

5. Look on the website of a large company of your choice (Hewlett Packard, CVS, Benn & Jerry's, Procter and Gamble, Lenovo) and describe at least two recent actions it has taken to fulfill its social responsibility. Explain in your opinion what impact these measures can have on the business image. Remember that many large companies publish a social responsibility report (sustainability report). (6 points)