Samplete Class: Reflection Paper

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BA 225 COMPLETE CLASS BA 225 COMPLETE CLASS, Week 1 Discussion Questions To receive full credit, please respond to one of the following questions. You must also respond to the posts of 2 other students. Question A Tell us about yourself so you can meet and greet other fellow Grantham University students within your course. Include what you believe to be your current knowledge level of this course topic and what you hope to learn before the course is over. Question B Compare and Contrast Managerial Accounting and Financial Accounting. Be sure to discuss how managerial accounting is useful for providing information for at least one of the following management functions:…show more content…
Do you Agree or disagree? Give at least three specific reasons for your answer and provide at least one counter argument and rebut it. Week 2 Discussion Questions Question A Provide and discuss an example of a situation where a company would use a job cost sheet. As part of your analysis, be sure to explain the nature and importance of a job cost sheet. Question B Discuss the advantages and disadvantages of Job Order Costing. Be sure to include specific examples of the advantages/disadvantages that you discuss. Week 3 Discussion Questions Question A What is the difference between operations costing and a process costing system? How does a company decide whether to use a job order or a process cost system? Question B How does the treatment of costs differ in ABC systems as opposed to traditional cost systems? Week 4 Discussion Questions Question A What approach should be used to calculate the breakeven point of a company that has many products? Question B How is the contribution margin per unit of limited resources computed? Week 5 Discussion Questions Question A What factors must management consider when deciding whether to continue using an asset, repair, or replace it? Question…show more content…
What is the most practical and easily applied lesson you learned? What was the hardest to grasp? Why? What else do you need to know about Managerial Accounting? W1 Application Problems (Questions 1,2,3,4,5 and Brief Exercises 1-2, 1-3, 1-4, and 1-5) W2-7 Application Problems Final Exam What is the difference between financial accounting and managerial accounting? Explain the two reasons why the shorter the payback period the more attractive the investment is when the payback technique is used? Distinguish between a master budget and a sales forecast. Explain the nature and importance of a job cost sheet. Distinguish among operating, investing, and financing activities. Managers’ activities and responsibilities can be classified into three broad functions. List and discuss each function. Identify and discuss the relevant costs in accepting an order at a special price Smith & Company claims that the relevant range concept is only important for variable costs. Explain the relevant range concept and discuss whether you agree with Smith & Company. What is a CVP analysis and how is it used in managerial accounting? What is the difference between: unit-level, batch-level, product-level, and facility-level

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