Professional Documents
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01 - Activity - 1 (2) Acc Due 10-21
01 - Activity - 1 (2) Acc Due 10-21
COMPARATIVE ANALYSIS
Instructions: Read and analyze the scenario below. Write your answers on the spaces provided. (3 items x
10 points)
Randel Ochoa was informed that he got promoted to a new position in their company. He was pleased but
uncomfortable because he is not well-versed about budget reports and financial projections, as well as in
planning and performance evaluation, which will be part of his main tasks. He is planning to take a course in
accounting to be able to do the tasks that will be assigned to him. Meanwhile, he asked you, as the company’s
cost accountant, to state five (5) principal distinctions between financial and management accounting. Prepare
your response to Randel.
In the My Decision box, write down which field of accounting will be more useful in Randel’s new position.
My Decision