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(Solved) 13. How do management accounting and financial accounting differ? 14. Explain the role of...


  13.     How do management accounting and financial accounting differ? 14.     Explain the role of financial reporting in the development of management accounting. Why has this changed in recent years? 15.     What is activity-based management? Why is it important? 16.     Explain the meaning of customer value. How is focusing on customer value changing manage- ment accounting? 17.     What is the internal value chain? Why is it important? 18.     What is the industrial value chain? Why is it important? 19.     What is supply chain management? Explain its relationship to the industrial value chain. 20.     What is e-business? Explain why it is important for a management accountant to understand e- business. 21.     Explain why today’s management accountant must have a cross-functional perspective. 22.     Discuss the relationship of time-based competi- tion and management accounting information.    

 


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