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Topic: (ATTACHED Different solutions, not same as...




Topic: (ATTACHED Different solutions, not same as QID:7459143) A friend has asked you for some advice: "My small business now makes a profit; I am only too aware of this, as I now face a big tax bill each year, when my tax accountant has prepared my annual accounts. However, I don't feel much better off personally, so this is not quite what I had expected when I took the risk of resigning my job and setting up my own firm. The accountant is now trying to persuade me to pay her even higher fees, by letting her prepare monthly 'management accounts' for me. She says that I would also benefit from something called CVP analysis on my various product lines. I know that you are now doing an MBA. What does she mean here, and is this likely to be worth my paying her for?" Outline the differences between financial reporting and managerial accounting information and explain the benefits and potential problems associated with cost?volume?profit (CVP) analysis. How might the technique that you have discussed assist your friend in the effective management of his business' resources? What advice would you give him? ****************************************************************** I have attached solution for above topic. I need your help to summaries in 2-3 paragraphs of 3-4 lines long is fine, and it's required to cite 1 or 2 sources. your summary should cover below point. ? Ask a probing question. ? Share an insight from having read the attached solution. ? Offer and support an opinion or suggestion. ? Validate an idea with your own experience. ? Expand on the ideas in attached solutions. Example solutions you can refer question id: 7430140. I am looking for similar solution for this assignment. "


Paper#6934 | Written in 18-Jul-2015

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