In this project, you will demonstrate your mastery of the following competencies:

Describe how managerial accounting supports management information systems

Utilize managerial accounting techniques and models to support an organization$$s strategic plan

Explain how managerial accounting is used to make decisions about short$-$term business opportunities, capital investments, and evaluating operational performance

Scenario

Your business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your company$$s progress over the past month and how it has performed with respect to your cost and budget projections. The investors would like to see the thought process behind your financial strategy and how your company has performed in its first month. They have therefore asked you to present a report that includes the costing and income data from your Project Workbook.

Directions

Submit a detailed report to your potential investors and other stakeholders to explain and defend your costing strategies and to share your business$$s performance to date. Your report can be in the form of a PowerPoint presentation or a Word document $($based on the templates provided in the What to Submit section$).$ In either format, be sure to effectively communicate with your stakeholders by breaking down concepts and using investor$-$friendly language to build their trust and confidence. If you choose to do a PowerPoint presentation, you$$ll need to include speaker notes for each slide.