Discussion Questions Financial Analysis and Managerial Accounting Concepts

Ch. 14: Managerial Accounting

1. Tell me what you know about financial and managerial accounting. What are some of the main differences in the role of financial accounting and managerial accounting?

2. What are the main differences in the role of financial accounting and managerial accounting?

3. Identify the features of managerial accounting and the functions of management.

4. Describe the classes of manufacturing costs and the differences between product and period costs.

Ch. 13: Financial Analysis: The Big Picture

5. We learned more about the big picture of financial analysis. What are the main objectives of comparative analysis and why are they important to external users of the financial statements, such as investors?

6. Example Apply the concepts of sustainable income and quality of earnings

7. Example Apply horizontal analysis and vertical analysis.

8. Example Analyze a company's performance using ratio analysis.