Our focus over the next fifteen weeks will be on managerial accounting. However, there is also financial accounting.
For your discussion board post in week one I would like you to discuss the difference between financial and managerial accounting. Are there any regulations/rules that need to be followed under either method. If so what are they?
Please read from Managerial Accounting: Creating Value in a Dynamic Business Environment
Chapter 1 pages 1-27
Chapter 2 pages 34-61
Chapter 1 Powerpoint: