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Essay Details:
Essay text:
Inventory accounting-Account used to report goods purchased or made by a company.
7. Tax accounting-Account used to report to the federal, state and local governments.
8. Accrual accounting-A method of accounting that takes into account the business impact of events when incurred, regardless of the impact on cash. Fast close
9. Financial statements-Documents that report on a business in cash amounts.
(SAP AG, 2005)
Some of the responsibilities of managerial accountants are:
1. Profit center accounting-A summary of revenues, expenses, and net income (or loss) for a period of time. Cost center and internal order accounting
2...
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Common topics in this essay:
- An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management
- DISCUSSION OF ACCOUNTING TERMS AND REPORTS
- discuss the role of the financial accounting and managerial accounting functions in organizations
- Managerial Accounting Ch. 21
- Managerial Accounting Vs Financial Accounting
- Managerial Accounting
- Managerial Accounting
- Managerial accounting vs Financial accounting
- Managment Accounting, Financial Control, Management Control, Strategic Management Accounting (Sma)
- managerial accounting
- managerial accounting
- The Differences Between Financial Accounting And Management Accounting
- Types Of Costs In Accounting
- Accounting Costs
- Accounting Fixed And Variable Costs
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