Please looks this over and make sure that I am factually accurate in my statements. Any suggestions welcome:

Prompt: Identify and discuss aminimum of 5 managerial accounting topicsthat could apply to the following situation!

Thank you for the opportunity to help you take your business to the next level! My aim in this first communication is to set a plan to help scale your business, understand what each product you sell is costing you, understand what your overhead is and how to optimize it, reward the people that d$o a great job while holding accountable those that don't, and finally get you out of managing day-to-day and better allocate cash to make sure all the bills are paid. There is a plan for more significant issues that arise. Once we have accomplished this, your business will be stronger than ever, and you will be able to sleep better at night!

Growth can be a great thing, but as we grow, it becomes more important to know where your money is going, so first, I will comp$lete a Budget analysis. We need to understand better the cash flows that are going in and out of the business by completing a Cash Budget that will give you a better idea of where the money is going and a Production Budget to allocate resources better were needed for the products that we are producing

Once we have a proper budget working, we can determine how much we are making (or losing) in profit on each product by preparing a Margin Analysis. This will give us insight into each product, product lines, and even let us see it at a regional level. I would then want to break this down further by preparing a Breakeven Analysis by calculating the contribution margin and unit volumes to determine at what point we start to make a profit. This will give us a better idea if we need to raise prices to make a better profit.

I would then want to meet with any teams that you have making or considering new products. Please have them gather all the information that I will require to prep$are a Target Costing Analysis by creating a target cost and comparing that to what it actually costs to work on the projects. This will give a better understanding of where the overhead is being spent.

Along the same lines, if there is any thought of expansion or acquiring new assets, please have that information sent to me to prep$are a Capital Budgeting Analysis to examine these proposals, and we can discuss the best ways to finance them.

Once I have completed all of this, I will prepare Financial and Cost Statements to use all of the information we have learned to ensure that we are profitable overall and better understand our overall financial position.

By completing these steps, you will better understand your business as a whole. You have done a fantastic job growing to over 200 employees, and demand for your products continues to grow! Let's make sure that you have a better understanding of your financial position to make more informed decisions and have the peace of mind that reliable data back up your decisions. I look forward to the opportunity to get started.