Problem - Explain your thoughts with 400 -500 words 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.