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Introduction to Financial Accounting and Principles of Accounting Financial and Managerial Accounting

Discuss how the knowledge of financial and managerial accounting is important to the practice of pharmacy in different practice settings.

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Financial Statements Importance and Limitation of Financial Statements

Discuss the importance of financial information particularly from financial statements to business owners and managers, its limitations, and how to remedy the limitations.

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Preparing Financial Statement Standard Rules and Principles in Financial Accounting

Cite two examples of standard rules/principles in financial accounting. Why is  it important to follow these standard rules and principles in bookkeeping and in the preparation of financial statements? 

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Accounting for Inventory and Cost of Goods Sold Discussion forum for Tecumseh Cafe A and B

This is the discussion forum where the presenting group and critique groups post their answers and questions respectively.

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Financial Statement Analysis Discussion forum for Springfield Hotel

This is the discussion forum where the presenting group and critique groups post their answers and questions respectively.

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MODULE 2: MANAGERIAL ACCOUNTING Questions About the Topics

Send in your questions/comments about a particular topic/worksheet through this discussion forum.

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Discussion Forum 2.1 (Budgeting; Break-even Analysis & Pricing)

Answer the questions for each topic concisely.

1. What is the purpose of a cash budget?

2. In the context of CVP analysis, why is it beneficial for a company with a large contribution margin ratio to focus on sales promotion but not for a company with a small contribution margin ratio?

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Discussion Forum 2.2 (Capital Investment Decisions)

Why would the cash payback method understate the attractiveness of a project with a large salvage value (value of the asset at the end of its useful life)?

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Differential Analysis Differential Analysis Case: Forum

For the presenting group:

  • Attach your case analysis as PPT slides with audio OR video when you reply to this forum not later than November 12, 6PM.
  • The case analysis should answer the guide questions and present using the outline in the Guidelines for Case Presentation.
  • If the ...
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