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  • 01 - Activity - 1 (2) Acc Due 10-21

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    Curt sah jie Solermo
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    Randel Ochoa was promoted to a new position that will require him to work with budget reports, financial projections, planning, and performance evaluation. However, he is unfamiliar with these tasks. He plans to take an accounting course to learn the skills needed for his new role. He asked the company's cost accountant to explain the five main differences between financial and management accounting to help determine which type of accounting will be most useful for his new position.

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    01_Activity_1(2) Acc Due 10-21

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    Randel Ochoa was promoted to a new position that will require him to work with budget reports, financial projections, planning, and performance evaluation. However, he is unfamiliar with these tasks. He plans to take an accounting course to learn the skills needed for his new role. He asked the company's cost accountant to explain the five main differences between financial and management accounting to help determine which type of accounting will be most useful for his new position.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    34 views1 page

    01 - Activity - 1 (2) Acc Due 10-21

    Uploaded by

    Curt sah jie Solermo
    Randel Ochoa was promoted to a new position that will require him to work with budget reports, financial projections, planning, and performance evaluation. However, he is unfamiliar with these tasks. He plans to take an accounting course to learn the skills needed for his new role. He asked the company's cost accountant to explain the five main differences between financial and management accounting to help determine which type of accounting will be most useful for his new position.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    BM1915

    NAME: DATE: SCORE:

    COMPARATIVE ANALYSIS

    Instructions: Read and analyze the scenario below. Write your answers on the spaces provided. (3 items x
    10 points)

    Randel Ochoa was informed that he got promoted to a new position in their company. He was pleased but
    uncomfortable because he is not well-versed about budget reports and financial projections, as well as in
    planning and performance evaluation, which will be part of his main tasks. He is planning to take a course in
    accounting to be able to do the tasks that will be assigned to him. Meanwhile, he asked you, as the company’s
    cost accountant, to state five (5) principal distinctions between financial and management accounting. Prepare
    your response to Randel.
    In the My Decision box, write down which field of accounting will be more useful in Randel’s new position.

    Management Accounting Financial Accounting

    My Decision

    01 Activity 1 *Property of STI


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