Homework ACC 560 – Managerial Accounting Required Resources [Weygandt, J. J., Kimmel, P.D., & Kieso, D. E. (2012). Managerial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley and Sons] COURSE LEARNING OUTCOMES: . Determine the difference between managerial and financial accounting, and their Interrelationship. 2. Analyze the concepts of job order costing, process costing, and activity-based costing. 3. Conduct cost-volume profit analysis, incremental analysis, and analyze pricing issues. 4. Develop operational and financial budgets for profit planning. 5. Establish standard cost, analyze and report variances from standards, and prepare a balanced scorecard. 6. Plan and evaluate capital investments. 7. Prepare and analyze the statement of cash flows and financial statement analysis. 8. Use technology and information resources to research issues in managerial accounting. 9. Write clearly and concisely about managerial accounting using proper writing mechanics. 1-Course Wrap-Up Respond to the following: -Assess two new areas of knowledge you expanded during this course. -Indicate how these two new areas of knowledge will benefit you in your current or future career. [250 words] 2-Managerial Accounting Respond to the following: -Examine one challenge this course will assist managers to overcome and state exactly how. -Predict one major change in managerial accounting that may likely occur within the next 10 years. [250 words] .