Explore BrainMass
Share

Explore BrainMass

    Managerial Accounting Analysis of Concepts

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    - Describe how managerial accounting is different from cost accounting.
    - Describe the lean production philosophy.
    - Compare and contrast accounting principles in lean production to those of typical production.
    - Describe how you would advise Dr. White to prepare for reduced budgets.

    © BrainMass Inc. brainmass.com October 10, 2019, 5:15 am ad1c9bdddf
    https://brainmass.com/business/lean-manufacturing/managerial-accounting-analysis-concepts-498847

    Solution Preview

    Managerial accounting and cost accounting go hand in hand, but they are two different things. Cost accounting deals with determining the cost of units produced. Managerial accounting deals with the preparation ...

    Solution Summary

    This solution explains the difference between managerial accounting a cost accounting, describes the lean production philosophy, and compares lean production to typical production accounting.

    $2.19