Managerial Accounting Assignment
Over the last 50 years the financial reporting systems have dramatically changed and will continue to change as the financial world faces changes such as globalization, changing regulations and the increased use of technology. The accounting profession must be ready to not only face these changes but to also adapt to them, providing relevant and reliable information to the many internal and external users of financial and managerial accounting reports.
It is important to understand the difference between managerial and financial accounting reports.
You are the chief executive officer of a multinational corporation that operates wholly owned subsidiaries in several countries. One of the company's manufacturing plants is located in Europe. As CEO, respond to the following questions in 400-600 words:
• What types of internal and external accounting reports will you use in the process of making decisions?
• How will the reports differ for a multi-national corporation?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.