MGT 5000 Midterm-Distinguish between Managerial Accounting and Financial Accounting

Prepare answers to 8 of the following. You can use Excel. But, you should copy and pasteyour Excel work into this document for submission. Provide at least three references at the endof this document in APA format. When you have completed your work, save the file and use theANGEL email feature to submit it for grading. Do not submit more than one file.1.Distinguish between Managerial Accounting and Financial Accounting. Find a job adfor each of these at a site such as Monster.com. Compare the job duties of each anddiscuss the similarities and differences between what the employers are looking for interms of relevant skills, duties, and or qualifications between these two type jobs.2. Provide a short history of accounting.3. Look up the annual reports for Ford and GM. Evaluate each companys liquidity,compare the two, and come up with a judgment regarding their current ability to meetshort term bills as they come due. Evaluate Ford and GM in terms of inventoryturnover, compare the two, and post a conclusion4. Do some research on International Financial Reporting Standards. Where does thatundertaking stand today?5. Look up the annual reports for Ford and GM who trade stock in a public stock exchangesuch as the NYSE. Evaluate each companys profitability (pg 414), compare the two,and come up with a value judgment regarding their current situation.6. Look up the annual reports for Ford and GM who trade stock in a public stock exchangesuch as the NYSE. Prepare common size income statements for each, compare thetwo, and come up with a value judgment regarding their current situation. (These are apercentage analysis of the components of the statement)7. Look up the annual reports for Ford and GM who trade stock in a public stock exchangesuch as the NYSE. Prepare common size balance sheets for each, compare the two,and come up with a value judgment regarding their current situation. For example, youmight point out one of them if it appears they are holding a lot more inventory as apercentage of total assets.8. Discuss the optional methods that can be used for costing inventory (i.e. FIFO, LIFO,Average, Specific ID). Explain which inventory costing system you would use and why.What inventory costing method do GM and Ford use?9. Complete a financial analysis of Dollar General based on the financial reports you willfind for 2011. The analytical procedures you need to do are listed below. You shouldprovide an explanation of each ratio you compute along with your judgment regardingthe companys ratio. http://finance.yahoo.com/q/is?s=DG+Income+Statement&annualA. Return on average total assets.____________B. Net profit margin (net income / Sales)._____________C. Working capital_____________D. Current ratio____________E. Acid test ratio.____________10. Write a short report on one of the following:a. The ENRON scandal.b. Health Southc. World Comd. Tyco Fraud case.