Read Chs. 5 & 6 of Essentials of Accounting.
2. Discussion Question 1
· Due Date: Day 2 [Main] forum
· Post your response to the following: How would you describe the difference between
financial and managerial accounting? What are the distinguishing features of managerial
accounting?
3. Discussion Question 2
· Due Date: Day 4 [Main] forum
· Post your response to the following: Select a management function (planning, directing
and motivating, or controlling) and explain how that function relates to business as a
whole. Next, select a different function listed by a classmate. Discuss with your classmate
how the functions you each selected complement each other.
4. CheckPoint: A New Company
· Due Date: Day 5 [Individual] forum
· Post a 200- to 300-word response to the following: You have been hired into a new
company to oversee the accounting department. What type of financial reports would you
expect to see in your department? How will you use the financial reports available to you
to make business decisions?