Question
Hello Tyagi, Thanks for coming to my rescue. I am really sick and your help just came in time. There two more parts to this
Hello Tyagi,
Thanks for coming to my rescue. I am really sick and your help just came in time. There two more parts to this assignment final Part 1 due Aug. 22and Final Part 2 due Sept. 6. I will verify the dates and provide details. I have added the files for part 2, let me know if you need additional information. What amount is fair to you to complete the assigment?
Here is the comment from my instructor:
You nearly aced this project! Here's where you need to make changes:
Selling Expense Budget: you used the budgeted unit sales instead of the acutal $ amount. Just make this change and you'll be perfect.
Not bad for someone working through this project sick and in a foreign country!!
The next step is to conduct a written analysis of each budget. You do not need to submit a separate word document, you may conduct the write up right in the excel document, but if it's easier for you to write it in word, please feel free to do so. Most students have difficulty with budget variance worksheet, please feel free to reach out to me directly if you have any difficulty. Very well done on this assignment.
(REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED.) Please review the Final Project Part II Rubric (budget analysis) to see how your paper will be scored. Be sure to follow APA format when providing references. If you have questions on APA format, you can check the Purdue OWL website or seek help from the SNHU Writing Center. Notes on APA in a Formal Assignment Set margins to 1 inch all around. Use 12-point Times New Roman font and make sure to double-space. Paragraphs should be at least three to four sentences. Do not include the headings \"Introduction\" and \"Conclusion.\" These are included below to help you lay out your paper. APA format assumes that the introduction begins the paper, the body continues the paper, and the conclusion wraps up the paper, so those headings are not needed. Indent the first line of every paragraph 0.5\". Be careful not to use personal pronouns such as \"I.\" Make sure to delete the Paragraph 1, Paragraph 2, etc. headings as well. Be sure to replace all the text in red on this template with your own writing. (This entire first page can be deleted after you review the suggestions. The paper should begin with your title page that follows.) ACC 202: Final Project Part II Budget Analysis Submission Your Name Southern New Hampshire University (REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED.) Introduction (Delete this heading in your final paper.) In your opening paragraph, very briefly introduce the purpose of your paper. Recall that you will be discussing the budget process, \"make\" or \"buy\" decisions, and nonfinancial performance measures as explained in your rubric instructions. Three or four sentences are sufficient. Paragraph 1 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss the initial budget process. Paragraph 2 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss the budget variances and potential reasons for variances. Paragraph 3 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss any changes you think the company should make based on the variance analysis. What will the changes accomplish? Paragraph 4 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss any ethical considerations of the changes you have selected based on the variance analysis. Why would you recommend these changes? Paragraph 5 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss the considerations involved in deciding whether to buy a particular component of one of your products or make the product in-house. What factors would you consider? What are the ethical considerations? What implications could this decision have? For each option (i.e., to \"make\" or to \"buy\"), how this will impact the efficiencies of your operations? Paragraph 6 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss what suggestions you would make for nonfinancial performance measures that the company should adopt. What are the pros and cons of each? What are the ethical considerations of your suggestions? Explain the significance of each. Conclusion (Delete this heading in your final paper.) The conclusion reminds the reader what your paper is about and allows you to make a final point without introducing new information. Three or four sentences are sufficient. References Nobles, T. L., Mattison, B. L., Matsumura, E. M. (2014). Horngren's financial and managerial accounting (4th ed.). Upper Saddle River, NJ: Pearson Education, Inc. Make sure that you provide appropriate citations in APA style. The text is provided as an example and should be kept in the references for your paper. Feel free to add other resources. Remember to cite ALL the sources that you used to write this papernot only here at the end of your paper, but also within the body to add credibility to your statements. References that you have used should be included in alphabetical order by the author's last name. ACC 202 Final Project Part II Guidelines and Rubric Overview To be successful, all businesses must perform periodic assessments to determine the efficiency of operations. Whether you are an owner, a manager, or a frontline employee, at some time you will be affected by a budget. Preparing a budget and analyzing the results of operations in relation to the budget will help you understand how to use financial information to evaluate the effectiveness of an organization's operations. The process will also help you determine the reasons operations do not always go as planned and make decisions on changes that might need to be made to make the organization, or just your own department, more efficient. In Part II of the summative assessment, you will use the worksheets and budget variance report you created in Part I to prepare a budget analysis communicating key findings to internal parties and suggesting potential changes to improve your organization's performance. This assessment addresses the following course outcomes: Communicate budget planning to internal stakeholders for strategic planning Apply costing methods to production for supporting budget planning and decision making Analyze financial information in identifying opportunities for operational efficiencies Apply ethics within the accounting decision-making process for supporting responsible business activities Prompt You are a manager for a pet supplies manufacturer. This responsibility requires you to create budgets, make pricing decisions, and analyze the results of operations to determine if changes need to be made to make the company more efficient. Using the workbooks and budget variance report you created for Final Project Part I, you will make recommendations about possible changes. You will look at the possibility of making some components of one product instead of buying them, and you will determine how to evaluate the company as a whole and managers in particular. You will create a budget analysis detailing your findings. Specifically, the following critical elements must be addressed in your analysis: a) Budget Process and Variances 1. Discuss the initial budget process, the variances, and potential reasons for the variances. 2. What are the changes you think the company should make based on the variance analysis? What will the changes accomplish? 3. What are the ethical considerations of the changes you have selected? Why are you recommending these particular changes? b) \"Make\" or \"Buy\": Suppose you were to consider buying a particular component of one of your products or making the product in-house. 1. What factors would you consider in such a \"make\" or \"buy\" decision? 2. What are the ethical considerations of your decision? What implications could this decision have? 3. For each option (i.e., to \"make\" or to \"buy\"), how will this impact the efficiencies of your operation? c) Nonfinancial Performance Measures 1. What suggestions would you make for nonfinancial performance measures that the company should adopt? What are the pros and cons of each? 2. What are the ethical considerations of your suggestions? Explain the significance of each. Final Project Part II Rubric Guidelines for Submission: Your budget analysis should be approximately 3 pages, double-spaced, with one-inch margins, 12-point Times New Roman font, and APA format. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Budget Process [03] Exemplary (100%) Meets \"Proficient\" criteria, and reasoning demonstrates awareness of potential business situations Meets \"Proficient\" criteria and demonstrates awareness of implications of making changes Proficient (85%) Discusses the initial budget process and the variances and describes potential reasons for variances Determines changes the company should make based on variance analysis and identifies what will be accomplished by making these changes Budget Process: Ethical Considerations [04] \"Make\" or \"Buy\" [02] Meets \"Proficient\" criteria, and justification is well-supported with examples Identifies ethical considerations of changes recommended and justifies recommendations Meets \"Proficient\" criteria, and claims are supported with evidence Describes factors that should be taken into consideration in a \"make\" or \"buy\" decision \"Make\" or \"Buy\": Ethical Considerations [04] Meets \"Proficient\" criteria and demonstrates a nuanced understanding of the relationship between ethical views and implications Meets \"Proficient\" criteria and demonstrates nuanced awareness of business operations Identifies ethical considerations and implications of \"make\" or \"buy\" decision Budget Process: Changes [03] \"Make\" or \"Buy\": Impact [03] Needs Improvement (55%) Discusses the initial budget process and the variances, but does not describe potential reasons for variances Determines changes the company should make based on variance analysis, but does not identify what will be accomplished by making these changes Identifies ethical considerations of changes recommended, but does not justify recommendations Describes factors that should be taken into consideration in a \"make\" or \"buy\" decision, but with errors or gaps in the discussion Identifies ethical considerations or implications of decision, but not both Describes how each option Describes how each option (\"make\" or \"buy\") will impact the (\"make\" or \"buy\")will impact efficiencies of operation efficiencies of operation, but with errors or gaps in the discussion Not Evident (0%) Does not describe initial budget process Value 11.5 Does not determine changes the company should make 11.5 Does not identify ethical considerations 11.5 Does not describe factors that should be taken into consideration in a \"make\" or \"buy\" decision scenario 11.5 Does not identify ethical consideration or implications of decision 11.5 Does not describe how each option (\"make\" or \"buy\") will impact efficiencies of operation 11.5 Nonfinancial Performance Measures [01] Nonfinancial Performance Measures: Ethical Considerations [04] Articulation of Response Meets \"Proficient\" criteria, and suggestions incorporate a wellrounded view of the business Identifies suggestions for nonfinancial performance measures the company should adopt and lists the pros and cons of each Meets \"Proficient\" criteria, and Identifies the ethical explanation is exceptionally clear considerations of suggestions and contextualized and explains the significance of each Identifies suggestions for nonfinancial performance measures the company should adopt, but does not list the pros and cons of each Identifies the ethical considerations of suggestions, but does not explain the significance of each Does not identify suggestions for nonfinancial performance measures the company should adopt 11.5 Does not identify the ethical considerations of suggestions 11.5 Submission is free of errors Submission has no major errors related to citations, grammar, related to citations, grammar, spelling, syntax, and organization spelling, syntax, or organization and is presented in a professional and easy-to-read format Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 8 100%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started