The purpose of this discussion is to transition from the first part of the course (financial accounting) and start exploring the importance of management accounting, and how this fits into the world of HR.
Respond to classmate
After completing your own original post, (which you must submit before you can view any others), read your classmates’ posts and provide a response. This will help ensure that a meaningful conversation takes place!
Introduction to Management Accounting
In addition, management accounting will aid in tracking products and allocating resources to grow the organization’s success. Understanding finances within an organization can help understand the drivers of revenue and cost for companies.
Financial accounting involves recording, summarizing and reporting economic activity from a business operation. Managers within a company have to be fabricating plans to grow and become more successful continuously. Understanding both financial and managerial accounting aspects creates connections to the overall strategic vision, understanding purpose and critical evaluation of their goals.
Type of service: Academic Paper Writing
Type of assignment: Coursework
Number of sources: 1
Academic level: Junior(college 3rd year)
Paper format: APA
Line spacing: Double
Language style: CA Writer