Question 1 Explain the distinguishing features of managerial accounting. Show how Management Accounting benefits the firm. Question 2 Identify and explain six trends in managerial accounting. Question 3 How does

Question 1 Explain the distinguishing features of managerial accounting. Show how Management Accounting benefits the firm. Question 2 Identify and explain six trends in managerial accounting. Question 3 How does a company decide whether to use a job order or a process cost system? Question 4 Explain the similarities between a job order and a process cost system and features of process cost accounting. Question 5 Explain the characteristics and purposes of cost accounting and explain the nature and importance of a job cost sheet.

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