7 1 project investor report assignment

ACC 202 7-1 Project: Investor Report   Competencies In this...

7-1 Project: Investor Report  

Competencies

In this project, you will demonstrate your mastery of the following competencies:

• Describe how managerial accounting supports management information systems
• Utilize managerial accounting techniques and models to support an organization's strategic plan
• Explain how managerial accounting is used to make decisions about short-term business opportunities, capital investments, and evaluating operational performance

Your business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your company's progress over the past month and how it has performed with respect to your cost and budget projections. The investors would like to see the thought process behind your financial strategy and how your company has performed in its first month. They have therefore asked you to present a report that includes the costing and income data from your Project Workbook.

Submit a detailed report to your potential investors and other stakeholders to explain and defend your costing strategies and to share your business's performance to date. Your report can be in the form of a PowerPoint presentation or a Word document (based on the templates provided in the What to Submit section). In either format, be sure to effectively communicate with your stakeholders by breaking down concepts and using investor-friendly language to build their trust and confidence. If you choose to do a PowerPoint presentation, you'll need to include speaker notes for each slide.

• Business Overview : Name your company and describe its business and your vision for its future.
• Purpose of the Report : Explain the purpose of the report and describe why the information is important.
• Methods and Approach : Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants (AICPA) code of ethics.
• Costing System : Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.
• Selling Prices : Share and explain the selling prices you established for each of your products. Be sure to reference your cost-volume-profit analysis in your defense.
• Contribution Margin : Share and explain your contribution margin per unit. Be sure to reference your cost-volume-profit analysis in your defense.
• Target Profits : Identify your break-even points for achieving different target profits. Then explain the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.
• Statement of Cost of Goods Sold : Share the statement of cost of goods sold and logically interpret the business's performance against the provided benchmarks.
• Income Statement : Share the income statement and logically interpret the business's performance against the provided benchmarks.
• Variances : Illustrate all variances for the direct labor time and the materials price.
• Significance of Variances : Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning

Answer & Explanation

Introduction

This report is meant to give investors and other stakeholders a summary of our company's recent financial performance and strategy. Our start-up business, XYZ, specializes in offering cutting-edge software solutions to nearby companies. Our objective is to offer our clients cutting-edge software that will improve the effectiveness and efficiency of their business operations.

Business Overview

XYZ is a newly founded technological corporation with headquarters in [enter city]. We provide local companies cutting-edge software solutions. Our objective is to offer our clients cutting-edge software that will enhance the effectiveness and efficiency of their business operations. One month into our business, and we already have a number of clients. Our dedication to offering the best customer service and goods has helped us swiftly build a solid name in the neighborhood.

Purpose of the Report

This report's objective is to give investors and other stakeholders an insight of our company's recent financial performance and direction. We will talk about our costing methods and how we have applied them to reach our objectives. We will also examine our income statement and variance analysis in order to analyze the success of our company.

Approach and Methods

In order to support our company's strategic goal for this report, we used a range of management accounting methods and models. To precisely track the cost of creating each good and service, we used task order costing. To identify the most profitable selling pricing for our goods and services, we also performed cost-volume-profit analysis. Finally, we compared actual performance to our forecasted statistics using variance analysis.

Financial Strategy

Our original business plan is the foundation of our financial strategy. We have created a thorough costing system that accounts for all expenses related to creating and dispensing our goods and services. Also, we have set selling prices based on our cost-volume-profit analysis. Lastly, based on our cost-volume-profit analysis, we have established target profitability for each sector of our firm.

Costing System

Job order costing is the ideal method for this company to utilize in order to correctly track the costs associated with manufacturing each good and service. A technique called job order costing allocates expenses to certain goods and services in accordance with the resources utilized to create them. This makes it possible for us to calculate the true cost of manufacturing each good or service, which in turn enables us to establish the best selling pricing.

Selling Prices

Based on our cost-volume-profit analysis, we have determined selling prices for each of our goods and services. We were able to calculate the most profitable selling pricing for each good and service, taking into account our fixed and variable expenses, thanks to our cost-volume-profit analysis. These rates, in our opinion, are the most profitable and will enable us to meet our desired profit goals.

Contribution Margin

The amount of income that remains after deducting the variable costs related to manufacturing each good or service is our contribution margin per unit. The fixed costs can then be paid for with this sum, and a profit can be made. On the basis of our cost-volume-profit analysis, we have determined our contribution margin per unit.

Target Profits

Based on our research of costs, volumes, and profits, we have established target profits for each area of our business. We were able to calculate the most profitable selling pricing for each good and service, taking into account our fixed and variable expenses, thanks to our cost-volume-profit analysis. These target profits, in our opinion, are attainable and will support us in achieving our objectives.

Financial Statements

We have evaluated our financial performance thus far using the data in the Milestone Two Market Research Data Supplement. We have met our monthly budgeted numbers after analyzing the data, and in some cases, we outperformed our expectations.

Statement of Cost of Goods Sold

Our actual expenses were somewhat less than our projected amounts, as shown by our statement of cost of goods sold. This is a result of our cost-cutting techniques and ability to identify suppliers with reduced prices. As we improve the effectiveness of our operations, we anticipate that this trend will continue.

Income Statement

According to our income statement, our real revenue was a little bit greater than anticipated. This is because we can raise our pricing a little bit and attract more customers. As we improve the effectiveness of our operations, we anticipate that this trend will continue.

The direct labor time variance was unfavorable, according to our analysis of the variances, indicating that our actual labor expenditures were higher than our planned amounts. We had to hire more personnel than we anticipated in order to satisfy the demand from our customers, which is probably why. Because of the beneficial materials price variance, it may be concluded that our actual material costs were less than anticipated. This is probably because we can locate suppliers at lower prices.

Significance of Variances

Our upcoming budgeting and planning choices may be significantly impacted by the differences we have found. Our ability to reach our goal profits may be impacted by the adverse direct labor time variance, which shows that our labor costs are higher than planned. As a result of the favorable materials price variation, it is possible that our material expenses may be lower than expected, which will boost our bottom line. In order to make sure that our budgeting and planning choices are supported by reliable information, we must regularly monitor these deviations.

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ACC 7-1 Project: Investor Report Assignment

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Use   Investor Report PowerPoint Template Use this template to submit a PowerPoint presentation with speaker notes. Sources should be cited according to APA style. 

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Submit a detailed report to your potential investors and other stakeholders

Project guidelines and rubric rg, 7-1 project: investor report.

• Applied Sciences
• Architecture and Design
• Business & Finance
• Computer Science
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• Human Resource Management
• Information Systems
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• Homework Answers

ACC-202 7-1 Project: Investor Report

by ella | Feb 2, 2024 | >Business & Finance homework help

Competencies

In this project, you will demonstrate your mastery of the following competencies:

• Describe how managerial accounting supports management information systems
• Utilize managerial accounting techniques and models to support an organization’s strategic plan
• Explain how managerial accounting is used to make decisions about short-term business opportunities, capital investments, and evaluating operational performance

Your business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your company’s progress over the past month and how it has performed with respect to your cost and budget projections. The investors would like to see the thought process behind your financial strategy and how your company has performed in its first month. They have therefore asked you to present a report that includes the costing and income data from your Project Workbook.

Submit a detailed report to your potential investors and other stakeholders to explain and defend your costing strategies and to share your business’s performance to date. Your report can be in the form of a PowerPoint presentation or a Word document (based on the templates provided in the What to Submit section). In either format, be sure to effectively communicate with your stakeholders by breaking down concepts and using investor-friendly language to build their trust and confidence. If you choose to do a PowerPoint presentation, you’ll need to include speaker notes for each slide.

• Business Overview : Name your company and describe its business and your vision for its future.
• Purpose of the Report : Explain the purpose of the report and describe why the information is important.
• Methods and Approach : Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants (AICPA) code of ethics.
• Costing System : Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.
• Selling Prices : Share and explain the selling prices you established for each of your products. Be sure to reference your cost-volume-profit analysis in your defense.
• Contribution Margin : Share and explain your contribution margin per unit. Be sure to reference your cost-volume-profit analysis in your defense.
• Target Profits : Identify your break-even points for achieving different target profits. Then explain the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.
• Statement of Cost of Goods Sold : Share the statement of cost of goods sold and logically interpret the business’s performance against the provided benchmarks.
• Income Statement : Share the income statement and logically interpret the business’s performance against the provided benchmarks.
• Variances : Illustrate all variances for the direct labor time and the materials price.
• Significance of Variances : Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning.

Word Template : Investor Report Use this template to submit an 8- to 10-page Word document. Sources should be cited according to APA style

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