Nau acc 256 - Study guides, Class notes & Summaries

Identify the different types of data: - ️️Structured data: Data that is highly organized into predefined categories, easy to search and manipulate (company's financial data) Unstructured data: Data that is not organized in predefined categories (social media posts, digital photos, satellite images) Semi-structured data: Data that is both structured and unstructured Summary of IMA Ethical Standards: - ️️Maintain professional Competence Preserve Confidentiality of information Uph...

Fixed costs: - Stay constant in total over a wide range of activity levels (rent, depreciation, plant insurance, plant property taxes) variable costs - Change in total in direct proportion to changes in volume (direct materials, direct labor for hourly employees) Summary of IMA Ethical Standards: - Maintain professional Competence Preserve Confidentiality of information Uphold Integrity Perform duties with Credibility Managerial accounting focuses on: - Identifying, interpreting, analyzi...

Exam 1 - NAU ACC 256 Study Guide with Complete Solutions Managerial accounting focuses on: - Answer️️ -Identifying, interpreting, analyzing, and implementing the financial information internal management needs to run the company efficiently, effectively, and profitably Specifically designed to help internal management (no GAAP or audit requirements) The future (planning) rather than the past (historical activity) Summary of IMA Ethical Standards: - Answer️️ -Maintain profession...