Now that you have a better understanding of Managerial Accounting, compare the reports managers use to those used in GAAP financial statements. Typically, management reports are not included in financial statements issued to investors. Do you believe that investors should have access to managerial reports? If managerial reports were available to investors what would be the pros and cons of releasing such information?
Your paper should include an analysis of Activity Based Costing compared to Traditionally costing, and absorption costing compared to traditional costing methods used in GAAP reports. Provide personal experience if it relates, or provide real world scenarios or hypotheticals