What is the difference between financial reporting and management accounting?
What are the benefits and potential problems associated with cost-volume-profit (CVP) analysis?
What advice would you give your friend?
Outline the difference between financial reporting and management accounting information and explain the benefits and potential problems associated with cost-volume-profit (CVP) analysis.
How might the technique that you have discussed assist your friend in the effective management of his business resources?
What advice would you give your friend?
Base your answer on research, your readings and your own experiences. Please cite all references.