Category Archives: FIN 585

DEVRY ACCT 505 Week 6 Case Study Balanced Scorecard Case (700 words Paper) recent

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ACCT505 – Managerial Accounting
Team Case Study 3 – Week 6
Balanced Scorecard Case
(Course Objective G)
Many companies are using the Balanced Scorecard System to assist in their performance management. According to Garrison, Noreen, and Brewer (2015) a balanced scorecard “consists of integrated set of performance measures that are derived from and support a company’s strategy” (p. 490). In a Balanced Scorecard System the company’s strategy is translated into a system of performance measures that are used to monitor the company’s performance in meeting its strategic objectives.
As part of a two-member team, your task is to identify and discuss the key performance measures of a balanced scorecard. Then, find three companies that are currently using a Balanced Scorecard System by doing an internet and library database search. Internet searches as well searches of financial databases, such as Yahoo Finance, should help you in your efforts. Then discuss in as much detail as possible the specifics of the balanced scorecard that is being used by these companies.
Deliverable
Your team should prepare a 700 words Paper, explaining the specifics of the balanced scorecard system of the three companies you selected in your research. This presentation should include your analysis of the advantages and disadvantages of each company’s Balanced Scorecard System. Be sure to clearly document the performance measures being used by each of the three companies.
Your PowerPoint presentation should be narrated using Voice Thread or similar technology. All team members must participate in the narration of the PowerPoint presentation.
APA standards are required to be followed for this presentation.
Reference
Garrison, R.H., Noreen, E.C, & Brewer, Brewer, P.C. (2015). Managerial Accounting (15th ed.). New York, NY: McGraw-Hill.

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DEVRY ACCT 505 Week 2 Case 3-29 Ethics and the Manager recent

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CASE 3–29 Ethics and the Manager [Course Objective B] Terri Ronsin had recently been transferred to the Home Security Systems Division of National Home Products. Shortly after taking over her recent position as divisional controller, she was asked to develop the division’s predetermined overhead rate for the upcoming year. The accuracy of the rate is important because it is used throughout the year and any overapplied or underapplied over- head is closed out to Cost of Goods Sold at the end of the year. National Home Products uses direct labor-hours in all of its divisions as the allocation base for manufacturing overhead.
To compute the predetermined overhead rate, Terri divided her estimate of the total manufacturing overhead for the coming year by the production manager’s estimate of the total direct labor-hours for the coming year. She took her computations to the division’s general manager for approval but was quite surprised when he suggested a modification in the base. Her conversation with the general manager of the Home Security Systems Division, Harry Irving, went like this:
Ronsin: Here are my calculations for next year’s predetermined overhead rate. If you approve, we can enter the rate into the computer on January 1 and be up and running in the job-order costing system right away this year.
Irving: Thanks for coming up with the calculations so quickly, and they look just fine. There is, how- ever, one slight modification I would like to see. Your estimate of the total direct labor-hours for the year is 440,000 hours. How about cutting that to about 420,000 hours?
Ronsin: I don’t know if I can do that. The production manager says she will need about 440,000 direct labor-hours to meet the sales projections for the year. Besides, there are going to be over 430,000 direct labor-hours during the current year and sales are projected to be higher next year.
Irving: Teri, I know all of that. I would still like to reduce the direct labor-hours in the base to some- thing like 420,000 hours. You probably don’t know that I had an agreement with your predecessor as divisional controller to shave 5% or so off the estimated direct labor-hours every year. That way, we kept a reserve that usually resulted in a big boost to net operating income at the end of the fiscal year in December. We called it our Christmas bonus. Corporate headquarters always seemed as pleased as punch that we could pull off such a miracle at the end of the year. This system has worked well for many years, and I don’t want to change it now.

Required:

Assume the following information:

Direct Materials $40 per unit

Direct Labor $20 per unit

Total Estimated Manufacturing Overhead

$8,400,000
Manufacturing overhead is allocated based on estimated direct-labor hours.
Each unit of product requires 1 direct labor hour.

1. Calculate the cost of one unit of product, assuming that the overhead per unit is based on Terri Ronson’s estimate of 440,000 hours. (Round all dollar figures to two decimal places.)

a. If 441,000 units were produced, how much overhead was applied to work in process.

2. Calculate the cost of one unit of product, assuming that the overhead per unit is based on her supervisors preferred estimate of 420,000 hours. (Round all dollar figures to two decimal places.)

a. If 441,000 units were produced, how much overhead was applied to work in process.

3. During the year, the company produced and sold 441,000 units, and incurred actual overhead of $8,500,000, what is the under/overapplied overhead if:

a. The estimated Direct Labor Hours is 440,000.

b. The estimated Direct Labor Hours is 420,000.
c. All over-applied and under-applied overhead applied directly to cost of goods sold.

Assume that the company had $1,000,000 in net operating income before the over/under applied overhead adjustment is made. What is the revised net income after the over/underapplied overhead adjustment?

4. Should Terri Ronson go along with the general manager’s request to reduce the direct labor hours in the predetermined overhead rate computation to 420,000 hours? Be sure to discuss the operational and ethical issues related to this decision.

Deliverables:

1. Submit an Excel spreadsheet that documents the calculations made for steps 1-3 above. All items should be clearly labeled, and appropriate formulas should be used to perform your calculations.

2. For step 4, submit a 5-7 minute narrated PowerPoint (preferably using VoiceThread) that highlights your discussion of the operational and ethical issues that Teri is facing as a result of the request to reduce the direct labor hours. Be sure to make a recommendation in regard to making this decision. The presentation should be 3-4 slides. 

3. Post your PowerPoint and workbook on behalf of your team to the Week 2 Dropbox for the case study.

4. NOTE: as a team project, a team collaboration tool (such as Cisco Spark) should be used for the students to collaborate on the project!

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DEVRY ACCT 505 Week 2 Case 3-29 Ethics and the Manager recent

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CASE 3–29 Ethics and the Manager [Course Objective B] Terri Ronsin had recently been transferred to the Home Security Systems Division of National Home Products. Shortly after taking over her recent position as divisional controller, she was asked to develop the division’s predetermined overhead rate for the upcoming year. The accuracy of the rate is important because it is used throughout the year and any overapplied or underapplied over- head is closed out to Cost of Goods Sold at the end of the year. National Home Products uses direct labor-hours in all of its divisions as the allocation base for manufacturing overhead.
To compute the predetermined overhead rate, Terri divided her estimate of the total manufacturing overhead for the coming year by the production manager’s estimate of the total direct labor-hours for the coming year. She took her computations to the division’s general manager for approval but was quite surprised when he suggested a modification in the base. Her conversation with the general manager of the Home Security Systems Division, Harry Irving, went like this:
Ronsin: Here are my calculations for next year’s predetermined overhead rate. If you approve, we can enter the rate into the computer on January 1 and be up and running in the job-order costing system right away this year.
Irving: Thanks for coming up with the calculations so quickly, and they look just fine. There is, how- ever, one slight modification I would like to see. Your estimate of the total direct labor-hours for the year is 440,000 hours. How about cutting that to about 420,000 hours?
Ronsin: I don’t know if I can do that. The production manager says she will need about 440,000 direct labor-hours to meet the sales projections for the year. Besides, there are going to be over 430,000 direct labor-hours during the current year and sales are projected to be higher next year.
Irving: Teri, I know all of that. I would still like to reduce the direct labor-hours in the base to some- thing like 420,000 hours. You probably don’t know that I had an agreement with your predecessor as divisional controller to shave 5% or so off the estimated direct labor-hours every year. That way, we kept a reserve that usually resulted in a big boost to net operating income at the end of the fiscal year in December. We called it our Christmas bonus. Corporate headquarters always seemed as pleased as punch that we could pull off such a miracle at the end of the year. This system has worked well for many years, and I don’t want to change it now.
Required:
Assume the following information:
Direct Materials $40 per unit
Direct Labor $20 per unit
Total Estimated Manufacturing Overhead
$8,400,000
Manufacturing overhead is allocated based on estimated direct-labor hours.
Each unit of product requires 1 direct labor hour.
1. Calculate the cost of one unit of product, assuming that the overhead per unit is based on Terri Ronson’s estimate of 440,000 hours. (Round all dollar figures to two decimal places.)
a. If 441,000 units were produced, how much overhead was applied to work in process.
2. Calculate the cost of one unit of product, assuming that the overhead per unit is based on her supervisors preferred estimate of 420,000 hours. (Round all dollar figures to two decimal places.)
a. If 441,000 units were produced, how much overhead was applied to work in process.
3. During the year, the company produced and sold 441,000 units, and incurred actual overhead of $8,500,000, what is the under/overapplied overhead if:
a. The estimated Direct Labor Hours is 440,000.
b. The estimated Direct Labor Hours is 420,000.
c. All over-applied and under-applied overhead applied directly to cost of goods sold. Assume that the company had $1,000,000 in net operating income before the over/under applied overhead adjustment is made. What is the revised net income after the over/underapplied overhead adjustment?
4. Should Terri Ronson go along with the general manager’s request to reduce the direct labor hours in the predetermined overhead rate computation to 420,000 hours? Be sure to discuss the operational and ethical issues related to this decision.
Deliverables:
1. Submit an Excel spreadsheet that documents the calculations made for steps 1-3 above. All items should be clearly labeled, and appropriate formulas should be used to perform your calculations.
2. For step 4, submit a 5-7 minute narrated PowerPoint (preferably using VoiceThread) that highlights your discussion of the operational and ethical issues that Teri is facing as a result of the request to reduce the direct labor hours. Be sure to make a recommendation in regard to making this decision. The presentation should be 3-4 slides.
3. Post your PowerPoint and workbook on behalf of your team to the Week 2 Dropbox for the case study.
4. NOTE: as a team project, a team collaboration tool (such as Cisco Spark) should be used for the students to collaborate on the project!

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UOP FIN 585 Week 6 Assignment The Controller and Investor Relations recent

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 Choose an organization with which you are familiar.

Create a 1,050- to 1,400-word paper or 24- to 32-slide presentation using a modality of your choice. Include the following:
• Determine financial strategies to sustain investor relations.
• Develop alternative tax strategies that support shareholder interests for the executive team to consider.
• Consider issues like dividend policy, capital investment policy, preemptive rights, and marketing financial securities to investors.
• Consider enhancing stock value and the controller’s role throughout the entire process.
Address the following:
• What type of investor does your selected organization appeal to?
• What strategies align with the desired class of investor?
• What are some other issues to consider such as capital investment policy, preemptive rights, and marketing financial securities to investors?
• What kind of capital investment strategy does the organization employ?
• How does the organization deal with preemptive rights of existing shareholders?
• Does the organization’s tax strategy minimize its tax liabilities on its earning or does it pass responsibility for taxes to its shareholders?
Format your submission consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment as a Microsoft® Word document or Microsoft® PowerPoint® presentation.

 

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UOP FIN 585 Week 6 Assignment Cash Basis Accounting And Taxes recent

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Discuss with your team Cash Basis Accounting and its impact on tax strategies. Your team is starting a recent manufacturing business. Name your business and mention the product that you are producing. Include the following:
• Why would I choose cash basis accounting versus accrual accounting for this business? What are the pros and cons to each one for your recent business?
• How would choosing cash basis accounting versus accrual accounting impact the various tax strategies for your recent organization? Discuss the pros and cons for your organization.
• Give an example of an organization or industry that uses cash basis accounting.
Each student must post a direct response to the Discussion Statement as well as two peer responses. Instructor will set up a discussion thread in the Team folders for this discussion to take place.
After the discussion, the team is to write a 700- to 1,050-word paper or 16- to 24-slide presentation using a modality of your choice to summarize the team’s opinion and draw a conclusion.
Format your submission consistent with APA guidelines.
Click the Assignment Files tab to submit in a Microsoft® Word document or Microsoft® PowerPoint® presentation.

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UOP FIN 585 Week 5 Team Assignment Controller and Employees recent

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Discuss with your team the importance of reducing turnover and supervising employees in your organization, mentioning your organization’s name.
Include the following, and how you would perform this in your organization:
How to recruit good talent.
How to keep good talent.
How to handle under-performing employees.
How to keep employees motivated.
Each student must post a direct response to the Discussion Statement as well as two peer responses. Instructor will set up a discussion thread in the team discussion area below for this discussion to take place.
After the discussion, as a team prepare a 700- to 1,050-word paper or 16- to 24-slide presentation using a modality of your choice to summarize the best practices of the team and draw a conclusion.
Format your submission consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment as a Microsoft® Word document or Microsoft® PowerPoint® presentation.

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UOP FIN 585 Week 4 Assignment Organization Performance Recommendation recent

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FIN 585 Week 4 Assignment Organization Performance Recommendation recent

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UOP FIN 585 Week 3 Assignment Holyard Industry Organizational Performance Report recent

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Choose one of the following as the category of industry in which Holyard does business:
Manufacturing
Service
Transportation
Technology
Legal services
Automotive
Or one approved by your instructor
Use the information in the Holyard Industry Microsoft® Excel® sheet to evaluate how the various ratios and variances relate to the financial statement. Solve for (calculate) the unknown information required to complete the financial statements.
Reconstruct the Holyard Industry balance sheet and income statement using the information given in the spreadsheet.
Measure the efficiency of the organization by comparing the ratios for the company with a major competitor and the industry.
Write your response in a 700- to 1,050-word paper.
Format your paper consistent with APA guidelines.
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UOP FIN 585 Week 2 Assignment Operational Accounting Systems (2 Papers) recent

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This Tutorial contains 2 Papers

Create a 700- to 1,050-word paper or 16- to 24-slide presentation using a modality of your choice.
Explain the differences between the following:
Job Costing
Process Costing
Standard Costing
Direct Costing
Throughput Costing
Activity Based Costing
Target Costing
Describe each of the accounting systems.
Give an example of a company or industry that might use each system and explain why they use it.
Format your submission consistent with APA guidelines.
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UOP FIN 585 Week 1 Assignment Role of the Controller (2 Papers) recent

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This Tutorial contains 2 Papers
Select an organization with which you are familiar.
Create a 700- to 1,050-word paper or 16- to 24-slide presentation using a modality of your choice.
Describe the following:
The organization including its profit/nonprofit status.
Manufacturing/service type.
The roles and responsibilities of the financial controller.
The major stakeholders of your chosen organization.
The controller’s role in communicating financial information with identified stakeholders.
Format your submission consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment as a Microsoft® Word document or Microsoft® PowerPoint® presentation

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