Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have
been employed as a cost accountant at this organization. You have recently hired Susan Thompson, who
has experience with financial accounting. Financial accounting includes preparing journal entries that
provide a record of the day-to-day activities of the company and preparing financial statements, such as
an income statement, a statement of ownersâ equity balance sheet, and a cash flow statement. Although
Susan has experience with and fully understands financial accounting, she has no experience with
managerial accounting.
Please discuss what Susan should know about managerial accounting.
Explain the similarities and differences between financial and managerial accounting.
Provide examples of the reports used for financial reporting and how those reports differ from managerial
accounting reports.
Determine how managers might use accounting information for planning and controlling purposes.
Sample Solution
Have You Lost Faith in Politicians? GuidesorSubmit my paper for investigation GeneralI recollect the time, barely three decades prior, when I crept on the ground to avoid stray slugs showering every which way. Weapons went off and they shook my morning cognizance to fear. It was first light at that point. The tremor achieved by the morning buzz of wrath caused me to acknowledge what befell the Philippine government. In 1986, there was Martial Law. There was war. There was dread. Also, there was the end. Dead bodies were lying on the ground all over the place, giving no space to the dirt to relax. Watch vehicles came surging and war tanks orbited rear entryways, streets, and towns. Along the avenues were dispersed papers that handed-off the morning industry of broadcasting dead government officials. Each house I passed by was vacant. The tenants were goneâpossibly the previous evening or some time prior. Mutts and felines and chickens continued humming afterward up call, yet there were no individuals. They emptied out of dread that got from the slaughtering and counter. Who made this? My answer was the lawmakers. I had a great deal of inquiries that rung a bell. I started to ask what the lawmakers did to make the nation tranquil. Not just that, for what reason were they not concentrating on wellbeing, ecological, work, and business issues. Notwithstanding, they didn’t have their consideration on helping the nation and its kin. What they did was murder each other for power, for position, and for gold (Howards 347). They battled and guarded themselves for individual increase, and they utilized this capacity to administer over the majority (Howards 14). They threatened regular people and oppressed them with dread if individuals didn’t tail them. Further, they made them manikins to hang tight for their guidelines and to ask for their elegance. Before long, they would appreciate the force they accomplished. I needn’t bother with liars. I needn’t bother with individuals who ache for force and who contemplate themselves. I would prefer not to anticipate kept guarantees from these dictators, as they consider egotistical trades as it were. Since I was oblivious in regards to this reality for a long time, I didn’t see the antagonistic advancement of the nation. I was being tricked by their sweet guarantees and lies. I can always remember that I battled for a government official and at last I was deserted. During the present political race, I need to gauge my convictions to pick the up-and-comer who can change the framework. I don’t know whether one exists. I don’t have the foggiest idea whether a legislator can strongly attest they will spare our comrades for good in the Philippines and make it a reality. Reference Howards, Greg. My Bloody Philippines. Boston: Righteous Arm Press, 2011. Print. paper about existence, article on legislative issues, authentic exposition>
Have You Lost Faith in Politicians? GuidesorSubmit my paper for investigation GeneralI recollect the time, barely three decades prior, when I crept on the ground to avoid stray slugs showering every which way. Weapons went off and they shook my morning cognizance to fear. It was first light at that point. The tremor achieved by the morning buzz of wrath caused me to acknowledge what befell the Philippine government. In 1986, there was Martial Law. There was war. There was dread. Also, there was the end. Dead bodies were lying on the ground all over the place, giving no space to the dirt to relax. Watch vehicles came surging and war tanks orbited rear entryways, streets, and towns. Along the avenues were dispersed papers that handed-off the morning industry of broadcasting dead government officials. Each house I passed by was vacant. The tenants were goneâpossibly the previous evening or some time prior. Mutts and felines and chickens continued humming afterward up call, yet there were no individuals. They emptied out of dread that got from the slaughtering and counter. Who made this? My answer was the lawmakers. I had a great deal of inquiries that rung a bell. I started to ask what the lawmakers did to make the nation tranquil. Not just that, for what reason were they not concentrating on wellbeing, ecological, work, and business issues. Notwithstanding, they didn’t have their consideration on helping the nation and its kin. What they did was murder each other for power, for position, and for gold (Howards 347). They battled and guarded themselves for individual increase, and they utilized this capacity to administer over the majority (Howards 14). They threatened regular people and oppressed them with dread if individuals didn’t tail them. Further, they made them manikins to hang tight for their guidelines and to ask for their elegance. Before long, they would appreciate the force they accomplished. I needn’t bother with liars. I needn’t bother with individuals who ache for force and who contemplate themselves. I would prefer not to anticipate kept guarantees from these dictators, as they consider egotistical trades as it were. Since I was oblivious in regards to this reality for a long time, I didn’t see the antagonistic advancement of the nation. I was being tricked by their sweet guarantees and lies. I can always remember that I battled for a government official and at last I was deserted. During the present political race, I need to gauge my convictions to pick the up-and-comer who can change the framework. I don’t know whether one exists. I don’t have the foggiest idea whether a legislator can strongly attest they will spare our comrades for good in the Philippines and make it a reality. Reference Howards, Greg. My Bloody Philippines. Boston: Righteous Arm Press, 2011. Print. paper about existence, article on legislative issues, authentic exposition>
