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ACC349 Cost Accounting WEEK 1 DQs__ 2 SETS OF ANSWER + WEEKLY SUMMARY

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ACC349 Cost Accounting WEEK 1 DQs__ 2 SETS OF ANSWER + WEEKLY SUMMARY

What are some main differences between financial and managerial accounting?  How do these differences affect the type of information that must be gathered and reported?

 

What are the differences between job cost and process cost systems?  When would it be appropriate to use each type of system?

 

What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why?

 

Weekly summaries are required.  I would like you to post 200-300 words that summarize a concept(s) that you learned during the week.  You can also include in your summary how you will use this information in your current position or possibly a future position.  This posting will count toward your participation requirements and in addition you can post responses to your classmates.   Thanks!