COST ACCOUNTING
The purpose of the final paper is for you to demonstrate the learning achieved in the course by describing your understanding and application of knowledge in the field of accounting.
The paper must;
Identify the main issues in the chosen area.
Contain and reference new learning that has occurred.
Build upon class activities or incidents that facilitated learning and understanding.
Present specific current and/or future applications and relevance to the typical workplace.
The Final Paper should also focus on real-life, real-time application of topics covered in this course: the uses you have seen and the uses you can envision. The paper must be submitted to your instructor no later than 11:59 pm of the time zone in which you reside on the last day of class.
Submit a paper on one of the major topics listed below and incorporate at least five scholarly/peer-reviewed or credible sources of your choice in addition to the course textbook, including a minimum of two from the University of Arizona Global Campus Library. Support your statements by citing real world examples and include a complete references list in APA format at the end of the paper.
Choice 1: Cost-Volume-Profit Analysis
How does a firm use “Cost-Volume-Profit Analysis” to assess performance?
How would you use such a system to measure how costs change as production changes?
How do you develop a “break-even analysis” for a given firm, and how would you use it?
Choice 2: Activity Based Costing
What is “Activity Based Costing” and how does it work?
What does it do for a firm employing such a system?
How do you go about developing such a system in a firm?
What are the steps?
What would an example look like?
Choice 3: Cost Accounting
Why is cost accounting so important to the success of the firm?
What are the various methods of cost accounting and how are they used?
Choice 4: Operating Budgets
How does an operating budget work to discipline a firm’s management?
What are the elements of a budget?
How are budgets constructed?
What is “Variance Analysis” and how is it used?
