Business Finance Homework Help

Assignment #1

1. Explain the difference between public accounting and managerial accounting. Provide a hypothetical example of an income statement for public reporting. Provide a hypothetical example of managerial accounting income statement in process costing format. Explain your examples in detail.

2. Explain operating cost classifications in managerial accounting, namely, manufacturing vs. selling/admin, variable vs. fixed, direct vs. indirect, and variable overhead vs. fixed overhead. Include examples for all.

3. Explain the predetermined variable overhead criterion and include an example.

Assignment #2

•Choose a major publicly traded corporation, then go to the corporations site and retrieve the information needed for this assignment.

? Provide information about the history of the corporation and its current product offerings.

? Provide a screenshot of the corporate’s latest reported income statement.

? Organize the income statement in an Excel file to enable you to verify the arithmetic in the income statement, and explain your verifications.

? Also, explain the nature of each item in the income statement. At least five (5) scholarly references are required which should include the corporate’s site as thE source of the data.