Question: Why is there a need to study Managerial Accounting (MA)? How does MA differ from Financial Accounting? How does MA help managers make best decisions?

  1. Why is there a need to study Managerial Accounting (MA)? How does MA differ from Financial Accounting? How does MA help managers make best decisions? Provide at least three (3) examples.
  2. Explain what does a Statement of Financial Position (Balance Sheet) tell a manager? Discuss the significant parts of a Statement of Financial Position and its impact to business.
  3. How does Income Statement (IS) help manager realize that the company is making money? Discuss the sections of an IS and its impact to business.
  4. Discuss the importance of Statement of Cash Flow. As a manager how would you monitor the cash flow? Elucidate your points by giving example.
  5. Explain exhaustively capital budgeting process. Identify each step-in capital budgeting. Explain capital budgeting decision rules.

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