Begin by creating a fictional start-up company – you may want to reflect on a current or previous employer, or brainstorm a small business idea you would like to own such as making custom jewelry or lawn maintenance. It is highly recommended that you keep it simple and stay within an industry/business with which you are familiar.
Create a business memo addressed to the executive management of your fictional start-up company. The business memo should open with an explanation to describe the necessity of cost accounting with a company or organization.
Then, evaluate and recommend at least one cost accounting technique to achieve each of management’s functions: planning, supervising, controlling, and motivating.
While many of the techniques covered in this course can be used to accomplish more than one function, you must select a different technique for each function. At a minimum, your business memo should evaluate and recommend at least four different cost accounting techniques that have been covered in this course.
For each cost accounting technique, the following must be addressed:
—– Identify which management function will be achieved (planning, supervising, controlling and motivating).
—– Determine how the management function will be achieved based on your recommendation.
—– Provide an example for each, such as calculations or charts. For example, if you select a master budget, then a budget must be included.
Support your assignment with at least seven scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 10-12 pages, not including title and reference pages
This assignment must demonstrate the following:
—– Introduction paragraph explaining/background on the fictional company which will flow into the following paragraphs.
—– Explained the necessity of cost accounting.
—– Identified and discussed a cost accounting technique for planning.
—– identified and discussed a cost accounting technique for supervising.
—– identified and discussed a cost accounting for controlling.
—– Identified and discussed a cost accounting for motivating.
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