29 Jul You have recently hired a new assistant, Susan Thompson, wh
You have recently hired a new assistant, Susan Thompson, who previously worked in a financial accounting office preparing journal entries, which provide you with a recording of the day-to-day activities of the company and financial statements (income statement, statement of owners’ equity balance sheet, and cash flow statement). Although your new assistant has experience with and fully understands financial accounting, she has no experience with managerial accounting.Part 1In a memo to your new assistant, Susan Thompson, complete the following:Explain to her the similarities and differences between financial and managerial accounting. Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions. Keep in mind that although the income statement, the statement of owners’ equity balance sheet, and the cash flow statement are generated in financial accounting, they are used to develop all of your managerial accounting reports. Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.Part 2In a memo to the board of directors, discuss the information found in each of the following financial statements, and describe how accounting information is used by managers for planning and control:Balance sheet Income statement Statement of cash flows Statement of stockholders’ equity
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
If you are looking for the most professional Company that confidentially produces the highest quality research and writing, we are your perfect source. We will offer you 100% ORIGINAL WRITING WITH FREE REVISIONS. All our papers are written from scratch.
How to Order
Click place order to open our order form.
Fill in paper details correctly and pay
Receive your plagiarism free paper as per your set deadline