Question- Introduction to management accounting
A. "The emphases of financial accounting and management accounting differ." Explain.
B. Name the six primary business functions (excluding support functions) that make up the value chain, and briefly describe each.
C. "The problem with accounting is that accountants never get to become top managers such as CEOs." Do you agree? Explain. Illustrate your explanation with examples. Use the internet as a resource.
D. "It is confusing to think of fixed costs on a per-unit basis." Do you agree?
E. "Classification of costs into variable and fixed categories depends on the decision situation." Explain. Illustrate your explanation with examples.