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=site

Once 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.