This is a project in two parts.
Managerial Accounting. The homework project is due the end of this week.
Need help with the homework in managerial accounting
ACC 202 Final Project Part II Guidelines and Rubric Overview To be successful, all businesses must perform periodic assessments to determine the efficiency of operations. Whether you are an owner, a manager, or a front – line employee, at some time you will be affected by a budget. Preparing a budget and analyzing the results of operations in relation to the budget will help you understand how to use fina ncial information to evaluate th e effectiveness of an organization’s operations. The process will also help you determine the reasons operations do not always go as planned and make decisions on changes that might need to be made to make the organization, or just your own department, mor e efficient. In Part II of the final project , you will use the worksheets and budget variance report you created in Part I to prepare a budget analysis communicating key findings to internal parties and suggesting potential changes to improve your organiz ation ’s performance . This assessment addresses the following course outcomes: Communicate budget planning to internal stakeholders for strategic planning Apply costing methods to production for supporting budget planning and decision making Analyze financial information in identifying opportunities for operational efficiencies Apply ethics within the accounting decision -making process for supporting responsible business activities Prompt You are a manager for a pet supplies manufacturer. This respon sibility requires you to create budgets, make pricing decisions, and analyze the results of operations to determine if changes need to be made to make the company more efficient. Using the workbooks and budget variance report you created for Final Project Part I , you will make recommendations about possible changes . You wi ll look at the possibility of making some components of one product instead of buying them , and you wi ll determine how to evaluate the company as a whole and managers in particular. You w ill create a budget analysis detailing your findings. Specifically, the following critical elements must be addressed in your analysis : a) Budget Process and Variances 1. Discuss the initial budget process , the variances, and poten tial reasons for the variances. 2. What are the changes you think the company should make based on the variance analysis? What will the changes accomplish? 3. What are the ethical considerations of the changes you have selected? Why are you recommending these particular changes? b) “Make” or “Buy”: Suppose you were to consider buying a particular component o f one of your products or making the product in -house. 1. What factors would you consider in such a “make” or “buy” decision? 2. What are the ethical considerations of your decision? What implications could this decision have? 3. For each option (i.e., to “make” or to “buy”), how will this impact the efficiencies of your operation? c) Nonfinancial Performance Measures 1. What suggestions would you make for nonfinancial per formance measures that the company should adopt? What are the pros and cons of each suggestion ? 2. What are the ethical considerations of your suggestions? Explain the significance of each. Final Project Part II Rubric Guidelines for Submission: Your budget analysis should be approximately 3 pages , double -spaced, with one -inch margins, 12 -point Times New Roman font , and APA format. Use the Budget Analysis Template to complete the analysis. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more in formation, review these instructions . Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value Budget Process Meets “Proficient” criteria , and reasoning demonstrates awareness of potential business situations Discu sses the initial budget process and the variances and describes potential reasons for variances Discusses the initial budget process and the variances , but does not describe potential reason s for variances Does not describe initial budget process 11.5 Budget Process : Changes Meets “Proficient” criteria and demonstrates awareness of implications of making changes Determines changes the company should make bas ed on variance analysis and identifies what will be accomplished by making these changes Determines changes the company should make based on variance analysis , but does not identify what will be accomplished by making these changes Does not determine changes the company should make 11.5 Budget Process : Ethical Considerations Meets “Proficient” criteria , and justification is well -supported with examples Identifies ethical considerations of changes recommended and justifies recommendations Identifies ethical considerations of changes recommended , but does not justify recommendations Does not identify ethical considerations 11.5 “Make” or “Buy” Meets “Proficient” criteria , and claims are supported with evidence Describes factors that should be taken into consideration in a “make” or “buy” decision Describes factors that should be taken into consideration in a “make” or “buy” decision, but with errors or gaps in the discussion Does not describe factors that should be taken into consideration in a “make” or “buy” decision scenario 11.5 “Make” or “Buy” : Ethical Considerations Meets “Proficient” criteria and demonstrates a nuanced understanding of the relationship between ethical views and implications Identifies ethical considerations and implications of “make” or “buy” decision Identifies either ethical considerations or implications of decision , but not both Does not identify ethical consideration s or implications of decision 11.5 “Make” or “Buy” : Impact Meets “Proficient” criteria and demonstrates awareness of business operations Describes how “make” or “buy” decision was reached and how it will impact the efficiencies of operation Describes how decision was reached , but does not address how it will impact efficiencies of operation Does not describe how decision was reached 11.5 Nonfinancial Performance Measures Meets “Proficient” criteria , and suggestions incorporate a well – rounded view of the business Identifies suggestions for nonfinancial performance measures the company should adopt and lists the pros and cons of each Identifies suggestions for nonfinancial performance measures the company should adopt , but does not list the pros and cons of each Does not identify suggestions for nonfinancial performance measures the company should adopt 11.5 Nonfinancial Performance Measures: Ethical Considerat ions Meets “Proficient” criteria , and explanation is exceptionally clear and contextualized Identifies the ethical considerations of suggestions and explains the significance of each Identifies the ethical considerations of suggestions , but does not explain the significance of each Does not identify the ethical considerations of suggestions 11.5 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is prese nted in a professional and easy -to-read format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readabi lity and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 8 Earned Total 100%