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Lecture 1: Introduction to Managerial Accounting
by Professor Victoria Chiu
(Chapter 16)
The subject of Managerial Accounting is introduced in this lecture. They key differences between Financial Accounting and Managerial Accounting are discussed (compared and contrasted), as well as contemporary trends in the business world. After a brief overview of the standard ethics accountants and businesses in general are expected to comply by, the income statements of a service and manufacturing company are overviewed.
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