Ch.22 Master Budget
Ch.23 Flexible Budgets & Standard Cost Systems
Ch.24 Responsibility Accounting & Performance Evaluation
The purpose of this reflection paper is for you to reflect upon what you learned during this unit andconsider how you might apply it. Writing about what you learned helps to reinforce the connections youmade. It also continues to sharpen your business communication skills.
Maximum Length: 2 pages
Please answer the following three questions:
1. What concepts and/or skills did you find most important in your study of these three chapters?
2. In what ways can you apply some of these concepts to your current job, future job or personal life?
3. Select and define 4 accounting terms you thought were important.
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