Preview

Managerial Accounting

Satisfactory Essays
Open Document
Open Document
366 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Managerial Accounting
Basillio Corespondencia
AC330 - Managerial Accounting for Business Professionals
Professor Christine Covan
Unit 10 Writing Assignment

Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world.
When I first began this course, I didn’t really understand what Managerial accounting for Business Professionals were. I was very confused and also a bit intimidated with what is expected and how is the professor going to be. In my previous classes I have had some professors who seem to not care about us students. I have felt often that since it’s an online environment they could answer whichever way they want because there isn’t anyone to meet face to face to speak. Professor, you have been a wonderful teacher and mentor for us. I couldn’t have asked for anyone better. Even though some of the weeks were challenging I was able to overcome them. What I enjoyed the most was the budgeting planning in Unit 6.I am always looking to grow within my job and department, so learning some other things and being able to speak with my peers about what I have learned enables me to show that I am eager to move up the ladder of success and get promoted. I think that the Wiley assignments were very educational and with the 5 chances that we were given to do the work, this really helped me analyze and truly learn how to solve a problem.

Discuss how this course has affected you in your professional development as a student and as a person as well as encouraging you on your academic path.
This course has helped me professionally develop skills that I have had hidden. I, at times am afraid to take the next step because of what I am afraid may be the outcome, but seeing these assignments week by week and being able to achieve these challenges has really made me a more confident person and has given me the push I need to be able to begin working on opening my own business which is to open a Laundromat. I look so

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Managerial Accounting

    • 628 Words
    • 3 Pages

    Warren Company makes candy. During the most recent accounting period, Warren paid $3,000 for raw materials, $4,000 for labor, and $2,000 for overhead costs that were incurred to make candy. Warren started and completed 10,000 units of candy, of which 7,000 were sold. Based on this information, Warren would recognize which of the following amounts of expense on the income statement?…

    • 628 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    2. What was the most surprising thing you learned in this course? What was the most important?…

    • 388 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Accounting 206 - BSU

    • 1253 Words
    • 6 Pages

    Evaluation of the student’s understanding of managerial accounting will primarily involve homework, workshops using the case study, examinations, and classroom participation. Homework will be…

    • 1253 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Part 1:Important things about this course 1. 2. 3. Why is this course is relevant to your degree? What should you get out of this course (apart from grades)? Focussed learning - What are the key learning outcomes? How do I achieve good grades from this course?…

    • 2163 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    Why study Managerial Accounting? As a manager (current or future) you will need accounting information to help you make decisions that will enhance your organization. You will learn how to develop and apply this information in the real world. Hopefully you will learn critical thinking skills that are crucial to the success in your chosen career. (See xiii of your text). There are many resources to help you in this course including access to your instructor and those resources listed below. Good luck and keep smiling.…

    • 2739 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    In order to succeed in this course, and to derive the maximum benefit from it, students should be prepared to…

    • 12669 Words
    • 66 Pages
    Powerful Essays
  • Satisfactory Essays

    Case Study Methodology

    • 266 Words
    • 2 Pages

    Develop points of view, opinions, and frame of references to help one become a more understanding, useful, and productive member of an organization, and this course in particular.…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Managerial Accounting

    • 1018 Words
    • 5 Pages

    Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating information in pursuit of an organization’s goals. Managerial accounting is an integral part of the management process, and managerial accountants are important strategic partners in an organization’s management team. The relation between accounting and management has been commonly expressed by the phrase, “Accounting is a tool of management”. Accounting practice has developed in response to a changing business economy. In view of these changes, effects have been made to clarify, redefine, and seek acceptance.…

    • 1018 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Educational Essays

    • 401 Words
    • 2 Pages

    Nevertheless, the course had some challenges in one way or another. Some of topics were challenging especially the financial part. It was challenge in calculating the financials of the business and also calculating the profits and coming up with the financial position of the business. However, with the assistance from our lecturer, we were able to manage some of the challenges.…

    • 401 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Managerial Accounting

    • 2559 Words
    • 7 Pages

    Chapter 1 Managerial accountingis the process of identifying, measuring, analyzing, interpreting, and communicating information in pursuit of an organizations goals. Managerial accounting is an integral part of the management process, and managerial accountants are important strategic partners in an organizations management team. Four fundamental management processes that help organizations attain their goals Decision making, Planning(developing a detailed financial and operational description of anticipated operations)., Directing operational activities (means running the organization on a day-to-day basis), Controlling(ensuring that the organization operates in the intended manner and achieves its goals) Managerial accountants add value to an organization by pursuing five major objectives (1) Providing information for decision making and planning, and proactively participating as part of the management team in the decision-making and planning processes (2) Assisting managers in directing and controlling operational activities (3) Motivating managers and other employees toward the organizations goals (4) Measuring the performance of activities, subunits, managers, and other employees within the organization (5) Assessing the organizations competitive position, and working with other managers to ensure the organizations long-run competitiveness in its industry Managerial vs. Financial Accounting The focus of managerial accounting is on the needs of managers within the organization, rather than interested parties outside the organization. Financial Accounting is the use of accounting information for reporting to parties outside the organization. See Exhibit 1-3 Roles of CFO or Controller The CFO or controller usually is responsible for supervising the personnel in the accounting department and for preparing the information and reports used in both managerial and financial accounting. As the organizations chief managerial accountant, the CFO or controller often…

    • 2559 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    J payo tei

    • 341 Words
    • 2 Pages

    When reading the textbook in preparation for class, it is essential that you take an active…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Managerial Accounting

    • 4209 Words
    • 17 Pages

    Managerial Accounting (MA) บัญชีบริหาร เป็นการจัดทำและนำเสนอข้อมูลและสารสนเทศทางการเงินที่เป็นอยู่ใ นปัจจุบันแก่ผู้บริหารและพนักงานภายในองค์กร ความสำคัญของบัญชีบริหาร MA เป็นเครื่องมือหนึ่งที่สำคัญในการบริหาร เนื่องจากเป็นสิ่งที่มีบทบาทในการสนับสนุนหน้าที่หลักของการบริ หารทั้ง 4 ที่มีวัตถุประสงค์เพื่อบรรลุเป้าหมายขององค์กร โดยช่วยปรับลักษณะเชิงพรรณนาของกลยุทธ์ให้อยู่ในรูปเชิงปริมาณท ี่สามารถปฏิบัติงานได้จริง หน้าที่หลักของการบริหารองค์กร กระบวนการของ MA บทบาทของ MA ที่ช่วยสนับสนุนหน้าที่ หลักทั้ง 4 ของการบริหาร (Objective of MA) การเก็บข้อมูล 1 นำเสนอข้อมูลเพื่อใช้ตัดสินใจและวางแผน การวัดผล 2 ช่วยผู้บริหารในการดูแลและควบคุมธุรกิจ การตีความ 3 กระตุ้นให้ผู้บริหารและพนักงานร่วมกัน การนำเสนอ ทำงานเพื่อบรรลุเป้าหมายองค์กร 4 วัดผลการดำเนินงานของกิจกรรมผู้บริหาร และ พนักงาน 5 ใช้ประเมินธุรกิจกับคู่แข่งและวางแผนกลยุทธ์ ความแตกต่างระหว่างบัญชีบริหารและบัญชีการเงิน | |Managerial Accounting |Financial Accounting | |ผู้ใช้ |ผู้บริหารภายในองค์กร |บุคคลภายนอก | |แหล่งข้อมูล |Basic accounting system+แหล่งข้อมูลอื่นๆ |Basic accounting system | |ลักษณะของรายงาน |จัดทำได้บ่อยเท่าที่ต้องการและมีการแสดงข้อมูลทั้งในอดีต ปัจจุบันและประมาณการ |เน้นการนำเสนอข้อมูลที่เกิดจากเหตุการณ์ในอดีต | |การใช้ข้อมูล |เพื่อการตัดสินใจ วางแผน ควบคุม ประเมินคู่แข่งขัน |เพื่อแสดงฐานะการเงินในภาพรวมของธุรกิจ | |มาตรฐาน |ไม่จำเป็นหรืออาจไม่มีมาตรฐาน…

    • 4209 Words
    • 17 Pages
    Better Essays
  • Satisfactory Essays

    Management Accounting

    • 2172 Words
    • 9 Pages

    1. Marketing Concepts – Marketing Concept, Marketing Process, Marketing Mix, Customer value, Customer Satisfaction and delight, Functions of Marketing…

    • 2172 Words
    • 9 Pages
    Satisfactory Essays
  • Satisfactory Essays

    MBA essay

    • 486 Words
    • 2 Pages

    from the course students gain an analytical approach to managerial problem-solving which takes all relevant aspects into consideration;a vast knowledge of problems that have been faced and strategies adopted by a wide range of different organizations; the ability to function under enormous pressure; presentational skills; a high degree of their own abilities in managerial situations; and awareness of their worth to potential employers.in addition, they gain a qualification that virtually guarantees them a job, at an extremely high starting salary, with one of the major employers who queue up to interview potential Harvard graduates.…

    • 486 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Purpose of Study

    • 603 Words
    • 3 Pages

    the course was thoroughly enjoyable. To further investigate more about this subject I chose to…

    • 603 Words
    • 3 Pages
    Good Essays