Category: Accounting

Question 1 (30 Marks)
Cost accounting is an accounting process that measures all of the costs associated with production, including both fixed and variable costs. The purpose of cost accounting is to assist management in decision-making processes that optimize operations based on efficient cost management.
Required:
Identify and clearly explain 5 different types of costs that are used in managerial decision making. In addition, provide a clear and relevant example for each of these costs for Aston Martin car manufacturing company.
Question 2: (30 Marks)
A. Company Alpha is using a two-year-old machine costing $24,000. The company uses straight-line depreciation, while the machine has a useful life of 10 years.
Company A is considering buying another machine costing $45,000 with a useful life of 9 years. The new machine won’t have any effect on the number of units that a company produces. Company A, however, expects the variable cost to come down from $34,000 to $22,000. Fixed costs will also be the same at $20,000. Using the above information, determine which are relevant and which are irrelevant and the cost implication for the company. Provide a justification for your choice. (15 Marks)
B. The company also has a new project which requires the following three types of labor.
Hours Required
Additional Information
Unskilled
12,000
Paid at $8 per hour and existing staff are fully utilized. The company will hire new staff to meet this additional demand.
Semi-Skilled
2,000
Paid at $12 per hour. These employees are difficult to recruit, and the company retains a number of permanently employed staff, even if there is no work to do. There is currently 800 hours of idle time available, and any additional hours would be fulfilled by temporary staff that would be paid at $14/hour.
Skilled
8,000
Paid at $15 per hour. There is a severe shortage of employees with these skills and the only way that this labor can be provided for the new project would be for the company to move employees away from making Product X. A unit of Product X takes 4 hours to make and makes a contribution of $24/unit.
Required: What is the relevant cost of the labor hours required for the new project? Students should analyze each type of labor involved and calculate the total relevant cost. (15 Marks)
PART B (40 Marks)
O’Donovan Constructions is a company based in London actively involved in the construction and refurbishment business. Assume that Michael, the owner, tasks his team to make a comparison between two potential real estate development projects. He also reminds them that the company’s financial health is on the decline, so he must select one of them.
The team works through the parameters and lists below the potential income and costs of each project.
Project 1
– 500 housing units will be constructed.
– 400 of them will be sold and 100 of them will be rented for 20 years.
– Rental Price of each unit is 4,000 USD per year
– Rented 100 units will be sold 70,000 USD after 20 years.
– Construction Cost of each unit is 100,000 USD.
– The sale price of each unit is 120,000 USD.
– The project needs a luxury sales office with a price of 2,000,000 USD.
– The sales personnel cost is 300,000 USD per year.
– The project duration is 3 years.
– Project financing cost is 3,000,000 USD per year
Project 2
– 400 housing units will be constructed.
– 350 of them will be sold and 50 of them will be rented for 15 years.
– Rented 50 units will be sold 80,000 USD after 15 years.
– Rental Price of each unit is 4,500 USD per year
– Construction Cost of each unit is 90,000 USD.
– The sale price of each unit is 135,000 USD.
– The project needs a luxury sales office with a price of 3,000,000 USD.
– The sales personnel cost is 250,000 USD per year.
– The project duration is 2 years.
– Project financing cost is 2,500,000 USD per year
Required:
Using the above available information by applying cost-benefit analysis, advise the owner of O’Donovan Constructions company which of the two potential real estate projects would be more beneficial. Students are required to perform the necessary calculations and based upon this provide a discussion supporting their decision on the chosen project.

The purpose of this journal is to evaluate the use of activity-based costing (ABC) and its impact.
Using your favorite search engine, choose a company which uses the ABC method for costing 
inventory. For instance, Toyota and Coca-Cola.
Assume you are the owner of the company that produces the product. You have been offered the option to outsource the product’s component parts instead of making them.      What cost factors would need to be considered? Does it make more financial sense to outsource these parts? Explain with examples/assumptions.
Assume the product was being made on an old piece of machinery that is slowing down production and causing delayed completion times. You have been given the option to either buy a new replacement piece of machinery or have this current machine reworked/repaired. Which option would you choose? What factors would be considered? State all assumptions and be sure to describe how incremental analysis would be used to make this decision.
Provide background on the firm and how it utilizes the ABC method within its operations.
What are possible alternatives to this costing method? Provide 2–3 examples.
How does the ABC method provide a more accurate and realistic way of valuing indirect costs? What types of resources are needed to use this method? Hint: Think about time studies, activity drivers, activity pools, and activity bases. Does the engineering team or marketing need to be involved? Explain.
Finally, explain the major strengths and weaknesses of the ABC method. Are the benefits worth the costs? Explain.
Your response should be at least 2 pages in length. Adhere to APA Style when creating citations and references for this assignment. Include at least two sources.

my assignment is to discuss the advantages and disadvantages when it comes to using AI in accounting. i mst include a range of sources.

Include at least  one academically credible source in the body of your essay.
1.  For your sources, include all in-text citations and references in APA format.
Topic: How AI effects everyday life and why it IS beneficial 

Write a summary of what the financial statements indicate about the company’s financial health and performance.
Will provide templates and report to write summary. 

Instructions
Overview
You are required to prepare a brief PowerPoint presentation for the SEC-10K Report.
The presentation should not be less than ten slides.
Make sure you include a reference list in APA format.
PowerPoint Presentation
You must prepare and post a PowerPoint draft to Peer-Review of SEC 10-K Project discussion.
Include data and an analysis of the data with your commentary. Tell the story as you learn from reading the financial statements.
Do not copy the financial statements into your presentation. The slides should only include your analysis. Including some key financial ratios you calculate would be an excellent addition to your presentation (and report).
Do not use the notes feature.
Once you have received feedback on your PowerPoint draft, make appropriate revisions and submit the final version in the SEC-10K PowerPoint Presentation Assignment folder.

1.How permanent do you think the postulates and principles
underlying historical costing will be?
2.If you could relate materiality, disclosure, and
conservatism to types of measurements (nominal, ordinal, interval, and ratio
scale), how would you?
Answer above questions based on chapter  5 Postulates, Principles,
and Concepts Accounting Theory: Conceptual Issues in a Political and Economic
Environment, 9th edition, by Wolk, Harry I, James L Dodd & John J
Rozycki, Sage Publishing.
ISBN: 9781483375021

Directions:
Review the information in “DBA-820 Integrated Case Study” located in the Class Resources for this course. This includes narrative information as well as financial and supporting documentation.
Consider the questions presented in the case study, and formulate decisions based on the information and documentation in the case study. Support your decisions with appropriate current (within the last 3 years) or foundational, peer reviewed, and professional research as well as financial analysis including the instructor feedback from your Topic 2 assignment.
Write a paper (1,500-1,750 words) that addresses the case issues, expresses your decisions regarding the case questions, and integrates instructor feedback from your Topic 2 assignment. In your paper, include the following:
A summary of the current environment as presented in the case. (Note: Information from the case study does not require a reference note or in-text citation.)
A summary of the business issue, emphasizing the financial concerns, from the case. Integrate specific feedback from your instructor regarding your summary of the financial issue.
A review of at least two viable potential resolutions and the supporting research and financial analyses you presented in your Topic 2 assignment. Integrate specific feedback from your instructor regarding the proposed resolutions.
A research-supported discussion of the ethical implications of each option and the extent to which these ethical implications are influenced by the mission, vision, and core values of ABCTech. (Reinforces C.2.6: Incorporate ethical considerations when recommending complex business decisions.)
An overtly stated, research-supported recommendation for resolution chosen from the potential resolutions you described and a rationale for the recommended resolution. How does this influence the provided profit/loss statement and/or other financial criteria and statements? (Reinforces C.1.3: Develop, extend, modify, or apply theories for use in business.)
A discussion of future research that you could conduct relative to these issues.
SUBMIT ASSIGNMENT

For this module discussion, you are to post an initial response to the topic below
of 350-500 words
Please read the following article. Summarize it and then discuss how this may or may not impact what we have studied so far.
https://www.journalofaccountancy.com/news/2017/jun/blockchain-decentralized-ledger-system-201716738.html

Review the information in “DBA-820 Integrated Case Study” located in the Class Resources for this course. This includes narrative information as well as financial and supporting documentation.
Consider the questions presented in the case study, and formulate decisions based on the information and documentation in the case study. Support your decisions with appropriate current (within the last 3 years) or foundational, peer reviewed, and professional research as well as financial analysis including the instructor feedback from your Topic 2 assignment.
Write a paper (1,500-1,750 words) that addresses the case issues, expresses your decisions regarding the case questions, and integrates instructor feedback from your Topic 2 assignment. In your paper, include the following:
A summary of the current environment as presented in the case. (Note: Information from the case study does not require a reference note or in-text citation.)
A summary of the business issue, emphasizing the financial concerns, from the case. Integrate specific feedback from your instructor regarding your summary of the financial issue.
A review of at least two viable potential resolutions and the supporting research and financial analyses you presented in your Topic 2 assignment. Integrate specific feedback from your instructor regarding the proposed resolutions.
A research-supported discussion of the ethical implications of each option and the extent to which these ethical implications are influenced by the mission, vision, and core values of ABCTech. (Reinforces C.2.6: Incorporate ethical considerations when recommending complex business decisions.)
An overtly stated, research-supported recommendation for resolution chosen from the potential resolutions you described and a rationale for the recommended resolution. How does this influence the provided profit/loss statement and/or other financial criteria and statements? (Reinforces C.1.3: Develop, extend, modify, or apply theories for use in business.)
A discussion of future research that you could conduct relative to these issues.