Write 400–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
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Post to the Discussion Board your thoughts on the difference between managerial accounting and financial accounting. Your post should include the following:
- Define and explain the differences and similarities.
- Review at least 3 criteria for both types of accounting.
- Be sure to discuss the importance of both of these areas of accounting to a business.
- Decide which you think you would prefer to pursue as a career if given the choice. Explain why.
- Explain the difference between mixed, variable, and fixed costs.
- Define and explain job order costing.
- Name two types of business where job order costing could be used.
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