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Project Description
Suppose you are a group of financial consultants evaluating the Managerial Accounting system in a manufacturing company. You will study several aspects of the managerial accounting system and give recommendations based on your findings. The aspects are as follows:
– Cost accounting system.
– Cost classification and tracking.
– Budgeting and forecasting.
Choose a manufacturing company that is either listed on the international or local stock market.You are required to perform a field visit to the manufacturing facility and interview the finance manager. You will be expected to complete a report detailing the results of the fieldwork.
Report Structure
The major sections of the report should be as follows:
• Introduction: Company profile and history. The company profile should include relevant literature, information used in your research. (1 page)
• Market assessment: Discuss the industry sector and the environment that the company operates in. (1 page)
• Company Structure: Discuss the company structure explaining the company hierarchy.
• Company’s Operations: Discuss in details the different segments of the company core business and how do they interrelate. Make sure to focus on the manufacturing process different stages.
• Company’s Cost Accounting System: Identify the cost accounting system used by the company. Identify the major costs in the company and the cost centers related to them. Make sure to include a special reference to reports used to track them.
• Company’s Budgeting process: Map the company budgeting process and analyze it. The analysis should discuss budget types, timing, employees’ evolvement, budget revision, and budget utilization in evaluating performance and tracking actual results. Make sure to include a special reference to reports used in the process such as information collection templates and scorecards.
• Summary: The summery should include your analysis of the company based on the data you have collected in the previous parts. As well as your recommendations. Do not forget to mention the major obstacles or constrains you faced if any. (1 page)
• Appendix
– Work distribution table: The role each of the group members played in the project.
– Supporting documents: e.g. financial statements, reports, templates…. etc.
Report Format:
• The report should be a minimum of 10-15 pages not including the appendix.
• The cover page should include the following information
• The table of contents should list the major sections of your report, including appendices with page numbers.
• Typeface: should be 10 point type.
• Margins: should be 1″ on the top, bottom, left, and right margins.
• Spacing: use 1.5 spaces between lines for easier reading.
• Page number: should be clearly marked on appendices as well as body of report.
• Visual cues: (e.g. headings, bullets, underlines) should be used consistently throughout the paper for clarity of presentation.
• Charts and tables when used should be clearly labeled on all axes, including names and units, with titles and any secondary sources cited below.
• Citations: data sources should be cited when mentioned.
• Spell check! Avoid typographic and grammatical errors. They create a highly unprofessional document.
Important notice
• Do notuse financial information that isnot available for public in the report.
• All information provided by the company is confidential unless they indicate otherwise via a release letter or e-mail communication.
• If needed identification letters can be provided from the department assistant.
Criteria for Evaluation
The project will be evaluated on the basis of:
Points of Evaluation Description
Professionalism (Very Important) Contains no spelling mistakes, is properly structured with appropriate headings and titles, properly stapled, appropriate use of table of content
Fulfillment of requirements Complies with the structural requirements mentioned above.
Integrity Content is original and not plagiarized or copied from other sources or fellow students
Content of report • Content of report is complete.
• Student demonstrates complete subject knowledge and thoroughly understands the concepts.
• There is clarity in the report and reader does not find difficulty comprehending the report.
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