Chapter 14 Assignment
- Due No Due Date
- Points 10
- Submitting a text entry box or a file upload
1. What does it mean when someone says "accounting is the language of business"?
2. Explain the difference between financial and managerial accounting.
3. Assume you own a successful lemonade stand. Give some examples of managerial accounting information/reports that may be helpful in running your business (different from financial accounting information).
4. Why is financial analysis via ratio analysis easier/better than just looking at raw numbers?