Draft Project Proposal – Management Accounting and Finance Concepts
and techniques of the module to the analysis of real-world situations or
problems. Students are expected to use diverse sources of information and to
carry out an original analysis rather than summarize or rehash existing work.
Students are encouraged to use situations and data from their own experience
where possible.
The task is to prepare and hand in a Project Proposal that
includes the nature of the project, the sources of information you plan to use,
and the most important concepts and techniques to be applied.
Also, it is required to complete a course project that
reveals mastery in application of the management accounting and finance concepts
emphasized in the course. This involves reporting on a specific organization
within an industry and the management accounting and finance practices that
affect the value of the chosen firm or industry. This project should be a
formal business report that provides both specific processes and strategies
involving budgeting, costing, capital decision making, capital acquisition, and
cost of capital structure of the chosen firm. These processes and strategies
are to be supported with management accounting concepts.
Your tasks are to:
1. Assess
the budgeting process and procedures for the organization with regards to
preparation techniques, uses for evaluation, differences between business
units/divisions, etc.
2. Analyze
how the organization collects, stores, and prepares management accounting
information, particularly the use of a management accounting system (MAS) and
how information is disseminated throughout the organization,
3. Evaluate
the costing process and procedures of the organization with respect to method
or approach utilized.
4. Assess
the capital decision making process within the organization with regards to
what methods are utilized, how such methods are chosen, how projects are
selected and managed, and what measures are employed to evaluate performance.
5. Evaluate the criteria or mechanisms used by the
organization for deciding how best to acquire capital and analyze the capital
structure of the company.
Your response should roughly follow the given outline:
1. Brief
description of company
2. Description
of firm’s budgeting process
3. Management
accounting information system
4. Costing
process
5. Capital
decisions
6. Capital
acquisition and structure
7. Conclusion
ScholarMatic: Explanation & Answer
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