Analyze how financial accounting of production cost differs from managerial accounting of production cost.

/in /by

Create a 9-slide presentation in which you analyze cost accounting practices to make a recommendation about whether or not to accept a purchase offer at a lower price than normal. You may either record the presentation or write a 2-3 page supporting report.

Scenario

The Acme Pickle Company has distributed pickles under the “Florida’s Best” brand for eight years from its production facility in Jacksonville, Florida. It sells the pickles to stores in the southeastern United States. Acme normally produces between 8,000 and 10,000 cases of pickles a month but has the capacity to produce 12,000 cases without adding equipment or personnel.

The owner of a twenty-store supermarket chain in Wisconsin, called Super Deals, visits friends in Florida and is impressed with the quality of “Florida’s Best” pickles. He approaches you, an Acme Pickle account manager, with an offer to buy 2,000 cases of pickles to use in a special promotion at his stores. He is thinking of something such as:

“Free jar of Florida’s Best pickles with every purchase of forty dollars or more—this month only!”

He offers Acme a price of $9.50 per case, knowing that it is a very substantial discount from the normal selling price of $20 a case. Acme’s management is inclined to turn the offer down, because their cost is calculated at $10.00 a case. They believe they would lose money if they sold at $9.50 a case. You, on the other hand, believe that some errors have been made in the cost accounting.

Your Role

You are the account manager for Acme Pickles.

Requirements

Your analysis for the Controller and Sales Manager is needed to suggest a different way of calculating the pricing of the pickles that may be lower. As part of your analysis, address the following items:

  • Explain why some production costs are variable and some are fixed.
  • Analyze the benefit of recalculating the cost of pickle production.
    • How would you recalculate it?
    • What would the result be?
    • What is the benefit to the company of recalculating the cost?
  • Analyze how financial accounting of production cost differs from managerial accounting of production cost.
    • Explain the difference between the two accounting methods.
    • Identify the benefits and drawbacks of each method.
  • Recommend a plan of action to management regarding Super Deals’ offer.

Below is the cost report for a recent month. In this month, Acme produced 9,000 cases and sold them at $20 per case, which is Acme’s normal selling price. Nine thousand cases are well beyond Acme’s break-even point, enabling Acme to record a substantial profit at the nine-thousand-case level.

Acme Pickle Company Cost Report
Item Cost
Cucumbers $15,000
Spices and vinegar 11,000
Jars and lids 10,000
Direct labor, paid by the case 30,000
Line supervisors, on salary 10,000
Depreciation on factory 10,000
Property taxes on factory 3,000
Insurance on factory 1,000
Total Costs: $90,000
Cost per case (9,000 cases produced) $10.00

Deliverable Format

Your team lead wants to share this analysis across remote locations of the organization and is hoping you will set the standard for how analyses and decisions of this type should be presented and supported. Your team has requested either a recorded presentation (including slides and notes) or a presentation and supporting reporting that can be distributed as a model. Prepare a presentation of at least 9 slides using PowerPoint or software of your choice detailing your recommendation and the information you used to make your recommendation. You can either record the presentation or prepare a separate report supporting the presentation.

If you choose to record your presentation, you may use Capella-supported Kaltura Media or another technology of your choice that produces a shareable URL. Kaltura is recording software that can be used to create webcam, screen, and audio recordings. Refer to the MBA Program Resources for the Using Kaltura tutorial to prepare for this option. If you choose to use something other than Kaltura Media, ensure that it creates a shareable URL and can be embedded in the course room to ensure faculty can access your recording.

Recommendation requirements:

  • Presentation slides:
    • Create at least 9 slides detailing your recommendation and the information you used to make your recommendation.
    • Include additional details as slide notes.
  • Supporting information. Choose one of the following options:
    • Record your presentation.
    • Create a 2–3 page report to support your slides.

Related company standards:

  • The recommendation report is a professional document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines, including single-spaced paragraphs.
  • In addition to the presentation or report materials, include:
    • Title (slide or page).
    • References (slide or page).
    • Appendix with supporting materials.
    • At least two APA-formatted references.

Evaluation

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria:

  • Competency 1: Explain how accounting concepts and practices impact financial reporting.
    • Explain why some production costs are variable and some are fixed.
  • Competency 2: Apply principles of accounting to assess financial performance.
    • Analyze how financial accounting of production cost differs from managerial accounting of production cost.
  • Competency 3: Analyze accounting information to support business decisions.
    • Analyze the benefit of recalculating the cost of pickle production.
    • Recommend a plan of action to management.
  • Competency 4: Communicate financial information with multiple stakeholders.
    • Communicate accounting information clearly.
  1. Marshall, D., McManus, W., & Viele, D. (2020). Accounting: What the numbers mean (12th ed.). New York, NY: McGraw-Hill.
  2. Droms, W. G., & Wright, J. O. (2015). Finance and accounting for nonfinancial managers: All the basics you need to know. New York, NY: Basic Books.
  3. Diffley, E. A., & Greenstein, A. (2016). Presenting non-GAAP financial measures in the face of increased scrutiny. Insights, 30(6)

Examine the criteria used to expense and capitalize advertising costs and where these costs appear in the financial statement.

/in /by

Scenario

You work for an organization that is seeking growth and recently has hired new district managers to assist in this growth. In talking to other regional managers, you have heard that some district managers do not have a thorough understanding of commonly used accounting tools including an income statement and balance sheet. You have a new district manager hire, John, and see the need to do some training with him so he has a solid understanding of income statements, balance sheets, and the elements that go into them, including advertising costs, Web development costs, and store opening costs.

In preparing to train your new hire, you have determined that the use of examples (a picture is worth a thousand words) can be a great approach to use. So you have decided to gather some examples from the company’s summary of significant accounting policies from its latest financial statements.

You may apply this scenario to either Option 1 or Option 2, described in Requirements below.

Your Role

You are a regional manager for Urban Outfitters or your selected organization and oversee a number of districts. You have recently brought a new district manager on board and want to ensure he has the knowledge and tools needed to effectively do his job.

Requirements

Option 1:

The organization you work for is Urban Outfitters. Use the U.S. Securities and Exchange Commission website to find the Urban Outfitter’s 2016–2017 financial statement’s summary of significant accounting policies. Look at the data for 2015, 2016, and 2017 for the following examples of essential elements you need to cover with John and ensure his understanding.

  • Examine the criteria used to expense and capitalize advertising costs and where these costs appear in the financial statement.
  • Store opening costs. Examine how store opening and organization costs were handled and where these costs appear in the financial statement.
  • Website development costs. Examine the approaches taken during the application and infrastructure development stage and the planning and operating stage.

 

 

Option 2:

Use a firm or scenario of your choosing.

Before choosing a company, read the assessment thoroughly to ensure:

  • The company fits the assessment requirements.
  • You have access to the financial statement’s summary of significant accounting policies and the Note disclosures from which you are drawing your materials. Include this information in the appendix for reference.
  • You can distribute the data without disclosing confidential company information.

Training Materials

As you prepare your training materials for John, use the examples you collected from the company’s Notes to financial documents to illustrate how you address the following items:

  • Explain how one or more of the following costs are captured:
    • Store opening. If store opening costs were capitalized, over what time period would you amortize them? Explain why you selected this time period.
    • Website development.
  • Analyze the importance of Notes to financial statements in interpreting financial statements.
  • Explain how the accounting method the company uses affects the financial statements.
  • Explain how the financial statements would differ if another method were used to capture the costs.
  • If you have a preference for capitalizing or expensing these costs, explain why it is your preference.

Deliverable Format

Leadership has asked that you develop either a training deck or a training manual that you will use with John and that can be deployed with other new hires as well. Regardless of the format selected, the information should address the points identified above and with detailed explanations within the notes areas of slides or within the training manual text. It will also be helpful to include information in regard to why each item is important to the organization as well as the success of the new district manager.

To use your time and John’s time wisely, be conscientious about providing thorough yet concise information. These materials are expected to be used by others for future training needs, so make sure they are well organized and clear.

Training materials requirements:

  • 12–15 slides for a training deck. Include additional details as slide notes.
  • 3–4 pages for a training manual.

Related company standards for either format:

  • The training manual is a professional document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines, including single-spaced paragraphs.
    • To learn more about creating presentations, click “MBA Program Resources” and then “Presentation Skills.”
  • In addition to the training deck or manual materials, include:
    • Title (slide or page).
    • References (slide or page).
    • Appendix with supporting materials. If you are using a firm or scenario of your choosing, ensure faculty has sufficient information to understand how you reached your recommendation.
  • At least two APA-formatted references.

Evaluation

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria:

  • Competency 1: Explain how accounting concepts and practices impact financial reporting.
    • Explain how the accounting method the company used affects the financial statements.
    • Compare how two accounting methods differ in their effects on the financial statements.
  • Competency 4: Communicate financial information with multiple stakeholders.
    • Communicate accounting information clearly.

Marshall, D., McManus, W., & Viele, D. (2020). Accounting: What the numbers mean (12th ed.). New York, NY: McGraw-Hill.

Critically evaluate the advances/progress in treatment for cystitis in the past 10 years.

/in /by

Coursework Brief:

Critically evaluate the advances/progress in treatment for cystitis in the past 10 years.

Introduction should include, an overview of the disease (brief presentation, detrimental effects, and most importantly the pathophysiology)

Rather than delving into “Current treatments for disease x are…” to demonstrate an understanding of the principles of what makes the disease tick, why it’s important that there is current research, and ultimately why current trends in research in it are targeting whatever aspect (biomarker, medicinal, gene therapy etc) that becomes the thrust of your evaluation of where we are with treating that disease.

In your submission you must include a minimum of 10 references from appropriate and academically robust sources, either google scholar or Pubmed.. You may cover treatment advances from bench work up to and including clinical trials and that may now be in clinical use. You must establish the burden of the disease and the need for research into its treatment. You must give your work an appropriate title as the heading of the document.

Argument – a clear and sustained, coherent argument with substantiated opinions and clear, robust conclusions
 
Reading – clear evidence of integration of wide range of sources within the core text, with no errors (i.e. references provide more than proof of reading/fact collection), compelling argument throughout. clear evidence of breadth and depth of reading that enhances the overall structure of the work and includes comparison of reference material
 
Structure – excellently structured, focused and well written presentation
 
Evaluation – clear evidence of independent thought and critical analysis comparing wider literature, a mature analysis with in-depth critical thinking
 
Subject knowledge – knowledge and understanding is comprehensive in both breadth and depth, demonstrating accuracy and relevance throughout. Clear demonstration of extensive knowledge beyond the immediate subject area

 

Describe two things Duane could have done to be more successful.  Identify two strategies from the charts in Section 3.4 that he could have used to FIT (Forge, Intensify, or Tether) his Learning Patterns more intentionally.

/in /by

Week 3 Reflective Journal

Personal Learning Strategies

To prepare for this journal, return to Chapter 3 and review Sections 3.1 and 3.4, paying careful attention to Tables 3.10-3.12.  As the book explains, “Vincent, Cari, and Duane all lack an understanding of how to be mindful, intentional learners. …they are not headed for success, because they lack a personalized set of study strategies. Each [student] requires skills to turn their internal thoughts (metacognition) into external actions (personalized learning techniques).”  For this journal, you will explain what they could have done to be successful and identify personalized learning techniques to be more intentional learners.  You will also identify personal learning techniques to help you be a more intentional learner.  Note: This journal template has two parts that you need to complete.

Part 1

Directions:  Critically review the scenarios of Vincent, Cari, and Duane in Section 3.1 of the book.

  1. (Vincent: S-Avoid, P-Use as Needed, TR-Use First, C-Use as Needed)

Describe two things Vincent could have done to be more successful.  Identify two strategies from the charts in Section 3.4 that he could have used to FIT (Forge, Intensify, or Tether) his Learning Patterns more intentionally.

  1. (Cari: S-Use as Needed, P-Use First, TR-Avoid, C-Use as Needed

Describe two things Cari could have done to be more successful.  Identify two strategies from the charts in Section 3.4 that she could have used to FIT (Forge, Intensify, or Tether) her Learning Patterns more intentionally.

  1. (Duane: S-Use First, P-Use First, TR-Use as Needed, C-Use First)

Describe two things Duane could have done to be more successful.  Identify two strategies from the charts in Section 3.4 that he could have used to FIT (Forge, Intensify, or Tether) his Learning Patterns more intentionally.

(Scroll down for Part 2.)

Part 2

Directions:  Critically review the concept of FIT in Section 3.4 as well as the sample strategies in Tables 3.10-3.12.  In the chart below, list the level of use for each of your Learning Patterns.  Then, identify at least one personal learning strategy that can help you forge, intensify, or tether that Learning Pattern based on the level you use that Pattern.  Your strategy can come from the tables in Section 3.4 or you can come up with one that better works for you, just be sure that you’re using your own words when describing the chosen strategy.

Once completed, you’ll have a table of personalized learning strategies specific to your Pattern combination.  You are encouraged to add to this table as you identify additional strategies that help you FIT your Patterns.

Pattern &

Level of Use

 Personal Learning Strategies
Sequence

Avoid

 EXAMPLE:  Double-check my answer to be certain I attended to each Sequential word stated in the directions.

 
Sequence

 

  
Precision

 

  
Technical Reasoning

 

  
Confluence

 

  

 

Budget, Information, and Resources; Create a balance sheet, income statement, and statement of cash flows for your healthcare facility.

/in /by

Complete the research paper that you started in Unit VI. Based on the healthcare facility you created in that unit, complete the following components for the research paper:

In your introduction, give a brief description of your facility’s current financial situation. While some of the information for your description may come from your Unit VI Research Paper Topic, do not use the same verbiage. This introduction and description should cover topics from your research in this unit.
Create a balance sheet, income statement, and statement of cash flows for your healthcare facility. If you wish, you may present these in chart form in the paper. When creating these charts, you may use either Word or Excel, but Excel is recommended because it will handle the calculations. Based on these, discuss the performance of your facility.
Make capital budgeting and investment decisions based on the need for your facility to update aging equipment. The equipment is expected to cost $1.3 million, and the expected life of the equipment is 15 years. Discuss at least two financing options for the new equipment.
Present a long-term financial analysis for the facility. In this analysis, evaluate the financial implications of current and future healthcare trends, making sure to evaluate any legal issues in health care, and discuss the future of healthcare financial management in the United States.
Combine all of your components into one research paper. Your completed research paper must be at least three pages in length, double-spaced. You are required to use at least five outside sources. Three of these may be the ones chosen in Unit VI. At least two of these must come from a reliable educational source. All sources used, including the textbook, must be referenced.

Examine control and security concepts related to accounting information systems to ensure data integrity and safety.

/in /by

Assignment 2: Hacking the AIS
Due Week 4 and worth 240 points
In today’s technology environment, hackers present a substantial risk to a firm’s accounting or business system. As the result of these attacks, firms suffer huge losses, ranging from financial losses to losses in confidence by consumers, creditors, and suppliers. Firms may have made a significant investment in financial and non-financial resources to secure these systems.
For this assignment, research the Internet or Strayer databases and select a company whose database systems have been hacked.
Write a five to seven (5-7) page paper in which you:
Based on the information you researched, evaluate the level of responsibility of the company in terms of the effectiveness of the response to the security breach. Provide support for your rationale.
Imagine that the company that you researched uses a third-party accounting system. Assess the level of responsibility of the software provider to both the business and its clients. Provide support for your rationale.
Create an argument for additional regulation as a preventative measure against businesses being hacked. Provide support for your argument.
Provide at least three (3) recommendations for businesses to secure their systems and assets from hackers. Provide support for your recommendation.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Examine control and security concepts related to accounting information systems to ensure data integrity and safety.
Use technology and information resources to research issues in accounting information systems.
Write clearly and concisely about accounting information systems using proper writing mechanics

How is identity related to culture? Compare three different cultures in terms of how identity is formulated.

/in /by

Course name : An Introduction to Cultural Anthropology

Assignment: Short Essays

This assignment consists of THREE SHORT ESSAYS, each of which addresses one of the three questions below. Please answer each question in an essay of not more than three (3) pages (approximately 750 words, using a 12-point font and 1.5 line spacing). This essay should respond to each question that should also integrate information from two or more of the course materials. Please be sure to include citations and references for the material that you quote and/ or paraphrase from any source, including the course textbooks and the video programs. These items are also references, and if you quote or paraphrase from them, you must include them in your list of Works Cited.

Essay1. Describe the ethical risks in anthropological fieldwork. What are the ethical obligations of an anthropologist?

Essay 2. Define the terms “culture” and “adaptation”, and explain how they are related. Are cultures ever maladaptive?

Essay3. How is identity related to culture? Compare three different cultures in terms of how identity is formulated.

Please make sure to correctly read and follow the instructions.

Explore how the individuals were negatively labeled (i.e., stigmatized) either implicitly or explicitly by others and then address the consequences of their being labeled.

/in /by

READINGS:
Nikki Jones, “Working the Code: On Girls, Gender, and Inner-City Violence”
Kelsy Burke, “Overcoming the Obscene in Evangelical Sex Websites”
Jeannine Gailey, “Fat Shame to Fat Pride: Fat Women’s Sexual and Dating Experiences”
Nicole Gonzalez Van Cleave, “Separate and Unequal Justice”

PROMPT:
For each reading, explore how the individuals were negatively labeled (i.e., stigmatized) either implicitly or explicitly by others and then address the consequences of their being labeled. Then discuss how those individuals attempted to manage, break free, or embrace those stigmas. Make sure to cover labeling theory and stigma management as discussed in lecture and your textbook.

REMEMBER:
Before submitting your paper, check it for the following things:
– Does your answer demonstrate that you read and understood the assigned articles?
– Did you answer ALL the questions in the prompt?
– Is your paper a minimum of 4 pages double-spaced?
– Does your essay have proper structure? (Intro, Body, Conclusion)

Review the underlying ethical principles: Review which ones and why they apply t  this particular case: beneficence, nonmaleficience, veracity, fidelity, autonomy and  justice.

/in /by

Choose a patient-care situation in which the RN should intervene and advocate for the patient. An example of such a situation might be when a patient has not been given complete informed consent.
Include the following in your paper:

Describe the clinical situation concisely and descriptively. It can be an actual situation or a hypothetical one.
Apply the Bioethical Decision Making Model Click for more options to the specific clinical ethical situation that you choose. Address each section of the model in your paper.
Conclude with a discussion of nursing advocacy in the clinical setting and the nurse’s role as a patient advocate.
Your paper should be 4-5 pages.

You must reference and cite 1-2 scholarly sources other than your text. Include a title page and a reference page to cite your text and adhere to APA formatting.

Bioethical Decision Making Model
1. Define the dilemma: Use your own words to describe the problem. State it in a way  that others can quickly understand your dilemma. Review
2. Identify the medical facts: Describe the facts that are relevant to the dilemma.
3. Remember that the diagnosis and prognosis are medical facts.
4. Identify the non-medical facts (patient and family, external influences):
a. Patient and family facts such as culture, religion, social, economic, the  existence of an Advance Healthcare Directive, verbal preferences made by  the patient, how the patient lived his/her life.
b. Those that you discuss should be relevant to the situation.
5. External influences include: organizational policies, federal and state laws, practice  acts, code of ethics. These should be relevant to the situation.
6. For both step 2 or 3, separate the facts from the assumptions: Sometimes all  healthcare professionals allow assumptions to guide their decision-making. These  must be identified so that these assumptions do not interfere with the process.
7. Identify items that need clarification. Your paper should identify facts that you need  to clarify. When initially discussing an ethical situation, it is not unusual to not have  all of the answers.
8. Identify the decision makers: Is the patient an adult competent to make their own  choices? Is the patient a child who is old enough to have a say in the decision. If the  patient cannot make their own decision, who is the decision maker? How was this  person selected?
9. Review the underlying ethical principles: Review which ones and why they apply t  this particular case: beneficence, nonmaleficience, veracity, fidelity, autonomy and  justice.
10. Define alternatives: One-Way to proceed may be apparent at this point. However,  sometimes there are different choices. They should be addressed identifying the  benefits and burdens for doing one thing versus the other.
11. Follow-up: Define the process to be used with the chosen alternative.
Reference Source: Levine-Ariff, J. & Groh, D.H. (1990). Creating an Ethical Environment.
Nurse managers’ bookshelf a quarterly series: 2:1. Baltimore, Maryland: Williams & Wilkins.
41-61

Class texbooks: Pozgar, G. D. Legal and Ethical Issues for Health Professionals. [VitalSource Bookshelf]. Retrieved from https://online.vitalsource.com/#/books/9781284089530/

Butts, J. B. Nursing Ethics. [VitalSource Bookshelf]. Retrieved from https://online.vitalsource.com/#/books/9781284099096/

Identify a clinical issue and propose a research question about this clinical issue (approx. word count 100)

/in /by

ASSESSMENT 3 2019 TEMPLATE

NSG2NMR (2019) Assessment 3:  2,000 individual report
Student First Name:
Student Surname:
Student ID Number:
Facilitator Name:
Site/Clinical School:
TOTAL Word Count: 2,000 +/- 10%

Excludes: reference list, appended search history

Includes: in-text citations
DUE DATE:
 
Identify a clinical issue and propose a research question about this clinical issue (approx. word count 100)

 
 

[WRITE HERE]

 

 
Conduct a literature search (using Medline AND CINAHL databases) and identify literature relevant to the research question. Append the search history to the assignment

 
Write a Literature Review that describes what is already known about your research question  (approx. word count 1,500)

 
 

[WRITE HERE]

 

 

 
How well does the existing literature address your research question?

 

In answering this question consider if your research question has been a) fully answered, b) partially answered, or c) not answered at all.

 

THEN identify a) what further research could be conducted (and its characteristics such as design, sample, outcome measures) that might provide important information to answer your research question AND b) what are some ethical considerations that apply to these possible research studies (approx. word count 400)

 
 

[WRITE HERE]

 

 

 

 

References

APPENDIX A: Search History of BOTH Medline & CINAHL