Managerial accounting can be a complex job. As you learned in this week’s practice assignment, many...

Question

Managerial accounting can be a complex job. As you learned in this week’s practice assignment, many different calculations need to be completed to assist an organization with its financial statements.

Write a 250-word response reflecting on your experience making the calculations from the practice assignment. In your reflection, share your thoughts on the activities within this week’s readings. Consider how calculating financial statements will help drive effective business decisions.

Address the following questions within your response:

Which calculations were challenging for you? Why?
Which ratios were difficult to understand?
What will you do differently in the following weeks?

If you did not have any challenges, respond to the following questions:

What prepared you for these calculations?
What advice would you give a classmate who needs assistance?

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Yash · Accepted Answer

Managerial Accounting assist stakeholders to understand the operations and performance of the business through various means. It customizes the information and reports on the basis of need of the various stakeholders. As an instance, current ratio can provide an idea about the liquidity of the company, Debt-equity ratio can give an idea about the leverage of the company etc.  
I do not faced challenges in the computation of any ratios.

Managerial accounting can be a complex job. As you learned in this week’s practice assignment, many different calculations need to be completed to assist an organization with its financial statements....

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