Unit V Reflection Paper
- Weight: 10% of course grade
- Grading Rubric
Instructions
As you have learned throughout this course so far, financial statements play a significant role in all aspects of accounting. For this assignment, you are to retrieve a journal entry-flow of production from your current employer. If your employer will not provide an entry, you may use this Sample Financial Analysis Statement .After selecting the financial statement(s) to use, you will need to read the following article:Fisher, J. G., & Krumwiede, K. (2015). Product costing systems: Finding the right approach. Journal of Corporate Accounting & Finance, 26(4), 13–21. https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=102202378&site=ehost-live&scope=siteOnce you have read the article, address the following questions based on both the article and your chart(s):
- analyze your current system using the three dimensions of convenience, correctness, and costs of implementation;
- correlate your current company’s product cost design abilities by answering the four key product design questions; and
- employ strategies for how businesses can better present financial statements for other businesses or financial institutions.
Your assignment must be at least two pages in length, not counting the title and references pages. You must have at least two outside sources, which can include the textbook and the Fisher and Krumwiede article. Adhere to APA Style when creating citations and references for this assignment.
Unit VI Reflection Paper
- Weight: 10% of course grade
- Grading Rubric
Instructions
For this reflection paper, you will need to read the article below.Wink, G. B., & Corradino, L. J. (2010). Income inflation: Absorption costing vs. variable. Journal of the International Academy for Case Studies, 16(1), 49–54. https://www-proquest-com.libraryresources.columbiasouthern.edu/scholarly-journals/income-inflation-absorption-costing-vs-variable/docview/845495937/se-2?accountid=33337
After reading the article, use the Institute of Management Accountants Code of Ethics found on page 12 of your textbook to incorporate the following components.
- Summarize ethical issues presented through Wink and Corradino’s article.
- Establish what actions you would take if placed in Robert’s situation.
- Deduce the potential outcome from Robert’s meeting.
Your reflection must be at least two pages in length. No references are required. If outside sources are used, please adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.