Provide Two (2) Examples That Demonstrate A Change

Provide two (2) examples that demonstrate a change in your theories of financial accounting for managers since the beginning of this course.Managerial accounting is a discipline of accounting that aims at providing managers with financial information to enable them to effective control the resources of the organization. Prior to this course, I believed that hiring decision is a simple managerial task. However, this course has enabled me to understand that, the managers must determine the benefits of an additional workforce. Secondly, I used to believe that investment is a gamble. However, the course on management accounting has enabled me to understand that there is a required rate of return that can justify a new investment worthwhile. This course has therefore changed my theories of financial accounting. Rate the three (3) most important concepts that you have learned in this course in order of importance (one [1] being the most important; three [3], the least). Provide a rationale for your rating schemeThe most important concepts that I learned from this course are the financial ration, Budgeting and the acquiring assets. Among the three, the concept of financial ratios is the most important. The ratios include liquidity ratios,