Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. You have recently hired Susan Thompson, who has experience with financial accounting. Financial accounting includes preparing journal centries that provide a record of the day-to-day activities of the company and preparing financial statements, such as an income statement, a statement of owners’ equity balance sheet, and a cash flow statement. Although Susan has experience with and fully understands financial accounting, she has no experience with managerial accounting.
Please discuss what Susan should know about managerial accounting.
400-4words, APA format
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