Describe the company, the mission, and what you envision for the future.
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If using PowerPoint, you’ll want to express the key findings or conclusions on the face of the slide and then explain in more detail in the “notes” section at the bottom of the slide.
I’ll also share some tips and guidance on where to look for certain items within the rubric:
Title page
Feel free to be creative on the company name. Remember it just need to make sense based on the type of company that we are (we are manufacturing dog collars, leashes, and harnesses).
Introduction
Be creative here. Describe the company, the mission, and what you envision for the future.
Purpose
Here’s you’ll explain the purpose of managerial accounting in supporting the mission of the company. We had some great conversations on the role of managerial accounting in our Week 1 class discussions, so you may want to refer back to that forum. Additionally, below are some resources that I provided during that week in the classroom:
The Distinguishing Characteristics of Managerial Accounting: https://www.youtube.com/watch?v=vdE2cGLwLEE&index=1&list=PLAF5C9AD6C9FE3B93
Managerial Accounting’s Role in Planning, Directing, and Controlling: https://www.youtube.com/watch?v=QpO1LmWAtws&index=2&list=PLAF5C9AD6C9FE3B93
Methods and Approaches
I would recommend referring back to our Week 6 Discussion forum as we had some great conversations on ethics and the importance of adhering to the AICPA Code of Professional Conduct.
Additionally, you can explain how you’ll use managerial accounting to support your ideas and recommendations presented throughout the presentation. Below are some additional resources that I provided in the classroom:
Financial accounting vs. managerial (cost) accounting: http://www.accountingtools.com/questions-and-answers/what-is-the-difference-between-cost-accounting-and-financial.html
Direct cost vs. indirect cost: http://www.accountingtools.com/questions-and-answers/the-difference-between-direct-costs-and-indirect-costs.html
Fixed cost vs. variable cost: http://www.accountingtools.com/questions-and-answers/the-difference-between-fixed-and-variable-costs.htm
Advantages of budgeting: http://www.accountingtools.com/questions-and-answers/what-are-the-advantages-of-budgeting.html
Objectives of budgeting: http://www.accountingtools.com/questions-and-answers/what-are-the-objectives-of-budgeting.html
Financial Strategy: Costing Systems
You’ll want to discuss the pros and cons associated with the different costing systems and how you identified the best approach for this business. Below are some additional resources that I provided in the classroom:
Job Costing: http://www.accountingtools.com/job-costing
Job-order Costing: http://www.accountingtools.com/questions-and-answers/job-order-costing-system.html
Manufacturing Overhead: http://www.accountingcoach.com/manufacturing-overhead/explanation
Overhead allocation: http://www.accountingtools.com/overhead-allocation
Process Costing system: http://www.accountingtools.com/questions-and-answers/what-is-a-process-costing-system.html
Process costing vs. job-order costing: http://www.accountingtools.com/questions-and-answers/what-is-the-difference-between-job-costing-and-process-costi.html
Activity-Based Costing (ABC): http://www.accountingcoach.com/activity-based-costing/explanation
Financial Strategy: Selling prices
Refer back to your work from Milestone 2 of the course project. You’ll explain why you selected your selling prices and how this might influence the operational strategy of the business.
Financial Strategy: Contribution Margin
Refer back to your work from Milestone 2 of the course project. Below are some additional resources that I provided in the classroom:
Contribution margin: http://www.accountingcoach.com/break-even-point/explanation/2
**Be sure to explain and justify the results.
Financial Strategy: Target Profits
Refer back to your work from Milestone 2 of the course project. Explain the implications of your results. Below are some additional resources that I provided in the classroom:
Breakeven point: http://www.accountingcoach.com/break-even-point/explanation
Desired profit in units and dollars: http://www.accountingcoach.com/break-even-point/explanation/3
Target Costing: http://www.accountingtools.com/target-costing
Sales Mix: http://www.accountingtools.com/questions-and-answers/what-is-sales-mix.html
**Be sure to explain and justify the results.
Financial Statements: Statement of Cost of Goods Sold
Refer back to your work from Milestone 3 of the course project.
Financial Statements: Income Statement
Refer back to your work from Milestone 3 of the course project.
**Be sure to explain the results.
Variances
Refer back to your work from Milestone 3 of the course project. Below are some additional resources that I provided in the classroom:
Direct Material variance: http://www.accountingcoach.com/standard-costing/explanation/2
Direct Labor variance: http://www.accountingcoach.com/standard-costing/explanation/3
**Be sure to explain the results.
Significance of the Variance:
Refer back to your work from Milestone 3 of the course project. Below are some additional resources that I provided in the classroom:
Variance analysis: http://www.accountingcoach.com/standard-costing/explanation/6
**Be sure to explain the results.
References
If you used any references outside of the textbook, you’ll want to list them here. Otherwise, you can just list the textbook at the reference.
