Question

Relate current news to the topics we are studying in Managerial Accounting. Submit at least one initial posting that refers to an original and recent news article. The news article must be related to the accounting topics that are covered in the course. The posting must include: title, reference, link, your personal executive summary of the article, and an explanation of how the article relates to a managerial accounting topic. Some topics include Basic cost management concepts, product costing, activity based costing and the changing role of managerial accounting.

Answer 1

https://www.accountingcoach.com/blog/what-is-managerial-accounting

the above link gives general meaning of managerial accounting

https://www.slideshare.net/komalgoyal15/different-topics-of-management-accounting

the above links general idea about topics covered in managerial accounting

managerial accounting includes most of topics covered in cost accounting such as

• Job order costing
• Process costing
• Absorption costing vs. variable costing
• Understanding cost behavior and cost-volume-profit analysis
• Operational budgeting
• Standard costing and variance analysis
• Activity based costing
• Pricing of individual products and services
• Analyzing the profitability of product lines, customers, territories, etc.
• Capital budgeting
• Ratio analysis

https://www.accountingweb.co.uk/business/finance-strategy/the-changing-role-of-management-accounting

the above link gives different roles in managerial accounting regarding Creating new relationships and openness , The necessity for trust and the role of the customer.