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I’m working on a Accounting question and need guidance to help me study.
Successful entrepreneurs understand all aspects of business, especially costs and costing systems. Managerial accounting provides a framework for strategic analysis and planning with regard to cost behaviors and costing systems. In this final project, you have the opportunity to act as an entrepreneur and apply managerial accounting principles to evaluate and manage costs related to your products within a costing system. Additionally, you will demonstrate your ability to communicate your findings effectively to internal stakeholders,just as an actual business owner would need to do.
Specifically, you will assume the role of the owner of a hypothetical small business. In your milestone work, you will develop financial strategies prior to opening your business. For the final submission, you will create a presentation for your investors after your business has been in operation for a certain period of time.You will use the provided scenarios to complete your project.The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions.
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