In each of the following situations, identify whether the setting is primarily financial accounting or managerial accounting.
| a. | Falcon Company sent its annual report to its stockholders. |
| b. | Genesis, Inc.'s controller sent a report of actual versus budgeted sales figures to the |
sales manager.
| c. | Hurtz Rent-All Company determines that its investments have declined in value and |
should be adjusted.
| d. | Inca, Inc. controller suspects that cash is being stolen by a sales clerk. As a result, she |
prepares an analysis to compare each sales clerk's collections for each day.
| e. | Jones Company executives are meeting to review the annual report to be submitted |
to the SEC.
Coding for Special Situations Cont
Health care setting.
Private practice setting.
Accounting
Horngren's Accounting, 11th Edition