choose a course project that reveals mastery in application of the management accounting and finance concepts. 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. For this project, you will select a company that you are familiar with or work for.
The tasks for this project is listed below:
1. Assess the budgeting process and procedures for the organisation with regards to preparation techniques, uses for evaluation, differences between business units/divisions, etc.
2. Analyze how the organisation 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 organisation with respect to method or approach utilized.
4.Assess the capital decision making process within the organisation with regards to what methods are utilised, 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 organisation for deciding how best to acquire capital and analyse the capital structure of the company.
However.prepare an outline for this project. the outline should be a specific and crisp overview of the contents that will comprise the final report, which will provide a detailed account of the five tasks listed above.
