Discussion 1

There will be two discussion questions listed below. By the due date assigned, respond to one of the discussion questions and submit your response to the Discussion Area below, using the lessons and vocabulary found in the reading. Support your answers with examples and research and cite your sources using the APA format.

Discussion Question One:

In the prior two accounting courses, we studied financial accounting. Now, we are studying Managerial Accounting.

• Using the text information, but in your own words, describe managerial accounting.
• Describe the differences between financial accounting and how each is used.
• What types of reports does each produce, for whom, and how often?