Welcome to our Week 1 Discussions! To get us started, let’s consider the following questions.
1) Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?
2) Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related to manufacturing?
3) If we could use these concepts in service and/or merchandising businesses, how would we go about doing so?
Let’s start with the first question.
Go to page 130, Case 3-30, Ethics and the Manager. Let’s discuss the questions,
make value-added comments, points, and share personal experiences of unethical situations.