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financial and management accounting reports for managers

You are heading for an interview at a fortune 500 company. You know there will be interviews for 2 different positions; one in the financial accounting department, and one in their managerial accounting department. You expected to interview by managers from each department, and in fact they have each sent you a set of questions for you to be ready to answer.

In a list format, prepare answers to the following two sets of questions:
- The financial accounting manager's questions:
* What particular activities do you think my department is responsible for? Which of these do you feel are the most critical to the company? Why?
* What are some examples of the reports we prepare? Who do you think looks at each of the reports?
* What would you expect to be your biggest challenges in this job in this department? Why do you think so?
* What exactly is variance analysis? Why is it important to the firm's management team?
- The managerial accounting manager's questions:
* What particular activities do you think you will be doing in my department? Which do you think are the most important? Why?
* What are some typical reports you might be expected to prepare? Why are these important? To whom they important?
* What is exactly is variance analysis? Why is it important to the firm's management team?

499 words

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Attached in word (response is 499 words).

Accounting in the Organization (instructions = 224 words)
You are heading for an interview at a fortune 500 company. You know there will be interviews for 2 different positions; one in the financial accounting department, and one in their managerial accounting department. You expected to be interviewed by managers from each department, and in fact they have each sent you a set of questions for you to be ready to answer.

In a list format, prepare answers to the following two sets of questions:

- The financial accounting manager's questions:

* What particular activities do you think my department is responsible for? which of these do you feel are the most critical to the company? Why?
• Your department is responsible for gathering financial data that has integrity, summarizing the data into financial statements and other useful reports and sharing the data on a timely basis with stakeholders, including internal and external parties and regulators.
• Ensuring the data is free from errors and irregularities is the most critical for the company because easy to read reports that ...

Solution Summary

A discussion is in everyday language and uses field experience to give examples for the student.

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