ACC 599 WEEK 10 ASSIGNMENT 3
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Week 10 Assignment 3 ACC 599
Due Week 10 and worth 410 points
Project Parameters:
You have been selected as the consultant to
develop a business plan for Durango Manufacturing Company, which is a start-up,
medium-sized public manufacturing company. The CEO has a background in
manufacturing and is well versed in supply chain management. However, the CEO
has limited experience in financial management and creating value for the
various stakeholder groups. Your business plan must include a five (5) year
strategy to increase revenues by 10% and a recommendation for creating an
organizational structure to comply with SOX mandates for strong corporate
governance over the internal controls. Your business plan must also include
prescriptions for creating an ethical environment. Your recommendation must be
approved by the Board of Directors before the company can begin its operations.
Based on your knowledge of accounting and
financial, prepare a ten to twelve (10-12) page report in which you:
1.
As the consultant,
create an argument that you will present to the CEO that suggests accounting
and financial management knowledge and skills will be essential to the
company’s success and stability over the next five (5) years. Provide support
for your argument.
2.
Suggest to the CEO how
the company’s stakeholders (investors, lenders, and employees) will use
financial statement information and ratio calculations to make key
determinations related to the financial condition and operational efficiency of
the company. Provide support for your rationale.
3.
Given the strategy to
increase revenue during the five (5) year plan period, which will need to be
achieved through expansion and capital expenditures, determine which capital
budgeting ratio is appropriate for Durango to evaluate its proposals for
capital expenditures, such as NPV, IRR, etc. Defend your position.
4.
In order for the
company to improve its operational efficiency, recommend which production
departments should use process, job order, and activity-based costing—all three
(3) of which must be implemented within Durango. Defend your choice for each
department.
5.
The CEO would like to
consider outsourcing his manufacturing operations if labor can be supplied
cheaper overseas than in the U.S. Create an argument either for or against
outsourcing the manufacturing operation to a foreign country. Your argument
should include key points that support your position. The key points should
address economic and business management aspects related to outsourcing.
6.
Predict the economic
and business environment over the next five (5) years, indicating at least two
(2) ways it may impact Durango Manufacturing Company’s ability to achieve the
desired 10% growth in revenue. Provide support for your prediction.
7.
Formulate a strategy
to improve the opportunities for Durango to reach its revenue goals (i.e.,
increase revenue by 10% within five [5] years).
8.
Assess the potential
for fraud within Durango based on the lack of IT controls, and determine at
least two (2) ways Durango will structure its internal IT controls to ensure
that such controls are effective in detecting fraudulent transactions.
9.
Use at least six (6)
quality academic resources in this assignment. Note: Wikipedia
and other Websites do not qualify as academic 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:
- Analyze financial reports, prepare analysis, and draw
conclusions based on the financial analysis
- Calculate and interpret various financial and operating
ratios used in business.
- Apply activity-based costing and other managerial
accounting concepts to various business situations.
- Evaluate capital budgeting situations by calculating
financial returns and drawing appropriate conclusions.
- Evaluate internal controls within an organization and
create a risk assessment.
- Analyze ethical theories to evaluate a decision-making
process to determine compliance with professional codes of ethics.
- Evaluate the health of organizations to assess the
level of risk in an audit engagement.
- Evaluate financial data for potential fraud and prepare
an audit approach for detecting fraud.
- Assess the risk of financial misstatement in an
IT-based environment.
- Evaluate financial data for potential fraud and
determine the business relationships contributing to the fraudulent
reporting.
- Use technology and information resources to research
issues in accounting management.
- Write clearly and concisely about accounting management
using proper writing mechanics.
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