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 thisSample 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 ofconvenience,correctness,andcosts 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.