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In this project, you will demonstrate your mastery of the following competencies:
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 investorfriendly 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.
To complete this project, you must submit the following:
Investor Report PowerPoint Template Use this template to submit a PowerPoint presentation with speaker notes. Sources should be cited according to APA style.
OR
Investor Report Word Template Use this template to submit an 8 to 10page Word document. Sources should be cited according to APA style.
The following resource(s) may help support your work on the project:
Resource: PowerPoint Office 365 This set of tutorials from Infobase provides helpful information on the basic features of Microsoft PowerPoint. Use the table of contents to select the tutorials that best suit your needs.
| Criteria | Exemplary (100%) | Proficient (85%) | Needs Improvement (55%) | Not Evident (0%) | Value |
|---|---|---|---|---|---|
| Introduction: Business Overview | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Identifies the name of the company and describes its business and vision | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include describing the company’s business or its vision | Does not attempt criterion | 5 |
| Introduction: Purpose of the Report | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Explains the purpose of the presentation and describes why the accounting information is important | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include describing the importance of the accounting information | Does not attempt criterion | 5 |
| Introduction: Methods and Approach | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Explains management accounting methods for generating information, and explains them in terms of adherence to industry standards and the AICPA code of ethics | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include providing adequate details regarding adherence to the industry standards or AICPA code of ethics | Does not attempt criterion | 10 |
| Financial Strategy: Costing System | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Justifies the use of job order costing for this business; compares and contrasts the various costing systems as part of the defense | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include comparing various costing systems to defend the use of job order costing | Does not attempt criterion | 10 |
| Financial Strategy: Selling Prices | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Identifies and explains the established selling prices; references the costvolumeprofit analysis | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include using the costvolumeprofit analysis to explain the established selling prices | Does not attempt criterion | 10 |
| Financial Strategy: Contribution Margin | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Explains the chosen contribution margin per unit; references costvolumeprofit analysis | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include explaining the contribution margin using the costvolumeprofit analysis | Does not attempt criterion | 10 |
| Financial Strategy: Target Profits | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Identifies breakeven points for achieving target profits; explains selected target profits for each area of the business; references the costvolumeprofit analysis | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include adequately describing the selected target profits; using the costvolumeprofit analysis | Does not attempt criterion | 10 |
| Financial Statements: Statement of Cost of Goods Sold | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Shares the statement of cost of goods sold and logically interprets the business’s performance against the provided benchmarks | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include correctly interpreting the business’s performance based on the actual cost of goods sold | Does not attempt criterion | 10 |
| Financial Statements: Income Statement | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Shares the income statement and logically interpret the business’s performance against the provided benchmarks | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include correctly and logically interpreting the income statement | Does not attempt criterion | 10 |
| Financial Statements: Variances | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Identifies all variances for the direct labor time and the materials price | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include identifying and sharing all variances | Does not attempt criterion | 5 |
| Financial Statements: Significance of Variances | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Evaluates the significance of the variances in terms of the potential to impact future budgeting decisions and planning correctly | Shows progress toward proficiency, but with errors or omissions; areas for improvement may include correctly evaluating the significance and explaining how it impacts future planning | Does not attempt criterion | 10 |
| Articulation of Response | Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner | Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose | Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readability | Submission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas | 5 |
| Total: | 100% |
,
[Insert Company Name]
Investor Report
Prepared by [Your Name]
Instructions: Replace all text in brackets with your own information.
1
Introduction
[Outline your company’s business and your vision for its future.]
2
Introduce the company and its business. What is your vision for the future of the business? What do you hope to achieve? Where do you see the company in five years or ten?
2
Purpose
[Explain the purpose of this report and what you hope to convey about the company and its financials.]
3
[What do you plan to communicate, and why should your investors pay attention? In other words, try to persuade your investors that the accounting information you are about to share is important.]
3
Methods and Approach
[Explain some management accounting methods and how your report and the data it represents adheres to industry standards and the AICPA code of ethics.]
4
[Explain some management accounting methods you used to determine your costing strategy, evaluate your financial information, etc., and explain how your methods of generating information adhere to industry standards and AICPA’s code of ethics. In other words, why should your investors trust that you are delivering accurate financial data and that your decisionmaking process has been ethical?]
4
5
Costing System
[Outline why the job order costing system works best for the business.]
6
[Explain in detail the use of job order costing for this business. Why is it suited for your business? Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.]
6
Selling Prices
[List the selling price you chose for each product.]
7
[Explain and defend the selling prices that you established for each product. Why did you choose these selling prices? Be sure to reference your costvolumeprofit analysis in your defense]
7
Contribution Margin
[Copy and paste your completed table from the “Contribution Margin Analysis” tab of your Project Workbook.]
8
[Share and explain your contribution margin per unit. How did you arrive at these numbers? Be sure to reference your costvolumeprofit analysis in your defense. ]
8
Target Profits
[Copy and paste the completed table from the “BreakEven Analysis” tab of your Project Workbook.]
9
[Specify the breakeven points you determined for achieving different target profit levels. Then, explain and defend the target profits you selected for each area of your business. Be sure to reference your costvolumeprofit analysis in your defense.]
9
10
Statement of Cost of Goods Sold
[Copy and paste your table from the “COGS” tab of your completed Project Workbook.]
11
[Compare the actual cost of goods sold over the last month and evaluate the company’s performance against the budgeted benchmarks. Are the numbers close to what you expected? Interpret the performance and explain what happened.]
11
Income Statement
[Copy and paste your table from the “Income Statement” tab of your completed Project Workbook.]
12
[Based on your income statement, logically interpret the business’s performance against the provided benchmarks. Did the company do as well as expected? Explain what happened.]
12
Variances
[Copy and paste your table from the completed “Variances” tab of your Project Workbook.]
13
[Illustrate the variances observed between the planned and actual values for the direct labor time and the direct materials price for collars. What changed?]
13
Significance of Variances
[Share a summary of your variance analysis. Were the variances favorable or unfavorable?]
14
[Evaluate the significance of the variances. Are the variances favorable or unfavorable? What does it mean? Explain whether and how your evaluation will affect your budgeting and planning decisions for the next month or quarter.]
14
References
[Include any references cited in your paper in full APA format. Don’t forget to include intext citations as well.]
15
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