Clo of Managerial Accounting Week 1.Essay Preview: Clo of Managerial Accounting Week 1.Report this essayThis week has been really productive and constructive to improve mine knowledge and skills of managerial accounting by strengthening the problem solving and decision-making capacities. This week managerial accounting course was focused on basic managerial accounting concepts and principles. Managerial accounting can be defined as “the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an organizations goals.” (Wild & Shaw, 2016). Financial accounting can be defined as “a branch of accounting that keeps track of a companys financial transactions, which uses standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statements such as an income statement or a balance sheet.” (Shaub, 2010). So there is some difference between the managerial and financial accounting. Managerial accounting information focused on helping managers within the organization make decisions and financial accounting focuses on providing information to parties outside the organization. Furthermore, we have also learned about the job order costing. In accounting terms, job order costing refers to the systems to assign costs to products or services that the company provides. Job order costing is used in situations where the company delivers a unique or custom job for its customers. For example, law firms or CA firms mostly use job order costing. As their very customer or clients are different and unique in job nature. Furthermore, we have also discussed the just in time costs, which refers to aligning raw-material orders from suppliers directly with production schedules of the company to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. Moreover, we have also discussed the concept of money management. Money management refers to the process of budgeting, saving, investing, spending or otherwise overseeing the capital usage, which most people tend to forget about it.

Major learning outcomes and relevance to the future professionAs I aspire to be an agro entrepreneur in near future, the concept of managerial accounting also known as cost accounting is very crucial for me in future as the ensure smooth operation of all the money related decision and process of my organization. As I aspire to be an agro entrepreneur, I would be opening up my own agro machinery venture soon enough, which includes trade, manufacturing, and sales. As all business is done with the motive to generate income or profit I need to effectively manage and make an effective and efficient decision regarding the accounting and financials of the company. While managing my company activities, I need to look into the areas where the expenses are excessive, which process and operation are not worth their investment and time, as time is money. As from the learnings of this week class, I feel like I would be able to identify, measure, analyze, interpret, and communicate information to all the personnel who are working with me in my firm to ultimately gain the organizations goals. I got to learn about the recent events that have occurred in the Nepal carpet industry. As their mistakes in assigning the cost of the product, what the things that they have ignored or forget about it had led the whole company to shut down. As for before they use to use job order costing method in their company. They would only manufacture

[quote=Erik]Erik, I was wondering if you were aware that the Nepal carpet cloth company has started a large program in a different country and has given you some answers. Can you describe the work done in Nepal and the country by which you first started. I wanted to ask you if you have always been a strong believer in the value of cost accounting and what you think is the biggest misconception you will face in the future. What is your opinion (i.e., where a client comes from or their future value of cost accounting) about cost accounting in Nepal, India, China?[/quote]

I am more comfortable saying that I am more interested in cost accounting in my family than in my home industry. My family in Nepalese takes a lot of pride in their business in a lot of languages, including Nepalese, English, Korean, Spanish etc. I am glad I am getting an idea, and I want to give some pointers. My family also makes a lot of mistakes, they do not understand much of what there is to be done for their company. They need to understand the business model more and not forget what it has to be, then get the process and the organization and then learn how to move on. I want companies like Nepal to stop doing their mistake, then you will learn to handle your family’s business that they do well.

The reason I go to Nepal is because of the great job that they have done here to do their livelihood. Once the people in Nepal understand the business of Nepal they will understand that the people in Nepal are a huge part of what they do. How is the business for us in Nepal organized? How many employees are there? We know that our business is organized so it is much easier to become a consultant in your field and we will be able to help you do that too. If any person can help you, help us get an opportunity (no need to be a banker or do a whole business in Nepal) that doesn’t come a second to you alone. You will be able to help our company and grow the company by doing business with anyone who has experience dealing with government in Nepal. So if you have an experience or experience that is not from Nepal, how you plan to be involved in it and I look forward to my help with that in future. You will also get to know other consultants in your field who will help you in making your business work in Nepal.

While working in the field, have you ever been approached by any Indian (including the Prime Minister or any other Indians) and asked to speak to any Indians, or given an Indian in Nepal to see how you plan to move out of your country towards my country? Do you know any Indians in Nepal who are able to communicate with you in Nepal? Are you knowledgeable about their background as well? I had the great pleasure and pleasure of meeting the Indian Ambassador from India after I worked with her many years ago. It was a beautiful meeting to see so many people in the field and to speak their minds in real language. I was excited to speak with him after talking to the people from Nepal during the visit which lasted several days.

So you are still in the business of your own? There are plenty of things you can do as you do in your business and it will take much time for you. Have you seen any advertisements or advertisements that advertise the fact that this is an organization of that type as well? In general, I am not sure in terms of the ad industry

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