Now that you have a general idea about the managerial accounting environment and what it entails, think about how it might impact someone working in the field you are going into. Describe two to three challenges that an individual might face when making managerial accounting decisions within a specific industry.
Understanding The Audit Client Before the Audit Auditors must develop industry and client specific knowledge. Identify the inherent risks of retail sales
Understanding The Audit Client Before the Audit Auditors must develop industry and client specific knowledge. Identify the inherent risks of retail sales: brick & mortar vs. e-commerce. Additionally, identify two key accounting cycles relevant to the retail sales industry. An important aspect of an audit is understanding the industry the