My selected company is Target
Chapters 11
MIS 11th Edition. Author: Hossein Bidgoli. Publisher Cengage.
Fundamentals of Financial Accounting, 7th Edition Authors: Fred Phillips and Robert Libby and Patricia Libby. Publisher McGraw Hill.
its due at 7 pm on this upcoming friday
Category: Business and Management
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“Target: Utilizing MIS and Financial Accounting to Achieve Success”
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“Managerial Accounting and Financial Performance: A Report for Investors and Stakeholders”
Please use provided template to comlete the project.
Competencies
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.
Introduction: Provide a short overview of your company and the purpose of this report.
Business Overview: Name your company and describe its business and your vision for its future.
Purpose of the Report: Explain the purpose of the report and describe why the accounting information is important.
Methods and Approach: Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants (AICPA) code of ethics.
Financial Strategy: Review your original business plan and costing strategies.
Costing System: Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.
Selling Prices: Share and explain the selling prices you established for each of your products. Be sure to reference your cost-volume-profit analysis in your defense.
Contribution Margin: Share and explain your contribution margin per unit. Be sure to reference your cost-volume-profit analysis in your defense.
Target Profits: Identify your break-even points for achieving different target profits. Then explain the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.
Financial Statements: Using the information in the Milestone Two Market Research Data Appendix, assess your financial performance to date.
Statement of Cost of Goods Sold: Share the statement of cost of goods sold and logically interpret the business’s performance against the provided benchmarks.
Income Statement: Share the income statement and logically interpret the business’s performance against the provided benchmarks.
Variances: Illustrate all variances for the direct labor time and the materials price.
Significance of Variances: Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning. -
Title: “Analyzing the Business Model and Marketing Strategies of Target Corporation”
Select a Retailer to Study – This can be any retailer you are interested in, such as a clothing store, a grocery store, or a department store.
Create a PowerPoint Presentation
Minimum of 12 Slides (not including the Title, Introduction, and Works Cited slides)
Minimum of 6 Bulleted Points
Speaker Notes for Each Slide
Minimum of 4 different sources (can use the textbook as one of the sources), cited and referenced according to MLA guidelines.
Analyze the retailer’s current business model and primary business.
How do they choose to operate?
What is their Strategy?
Location
Global Presence
Use of Technology
What are their Goals?
How is the retailer using technology?
What changes in the past 5 years?
Identify the retailer’s target market.
Who is their target audience?
What image do they want to convey?
How do they attempt to position themselves in the minds of consumers in the market?
What is their current image in the industry and in the minds of consumers?
How does this compare with the image of competitors?
Analyze the retailer’s competitive landscape.
Who are the direct and indirect competitors?
How does the retailer compare to its competitors?
What are the retailer’s competitive advantages and disadvantages?
Evaluate the retailer’s marketing and financial performance.
What are the retailer’s marketing objectives?
What are the retailer’s marketing strategies?
What parts of the business are growing and generating the most revenue?
Based upon the research:
Conduct a SWOT Analysis – Identifying the retailer’s strengths, weaknesses, opportunities, and threats.
Based on the Research and SWOT Analysis – make recommendations for how the retailer can improve its performance. -
“Progress Report: Implementation of Communication Strategies for XYZ Organization”
Please take a look at file (
CMNS A3 Project Pitch.docx) before you start the progress report. The project pitch is the proposal of it. You will need to develop a well organized and detail of the selected organization from project pitch. For the assignment specifications, please check the attached file. Please follow the guideline of project pitch since the score of it is 100. You might need to use intext citation and additional sources as your references. Please add the reference from project pitch to this assignment as well. Word count exclude the cover page and references should be on a seperate page -
Title: Understanding McGregor’s Theory X and Theory Y: Implications for Management and Employee Motivation
Write at least a one (1) paper that is double spaced and using a 12-point font ..
Look up McGregor’s Theory X and Theory Y and explain their differences – Under what circumstances / job processes or type of worker could a manager use Theory X and Theory Y? -
“Driving Customer Satisfaction and Loyalty in Digital Marketing and Advertising: A Case Study of XYZ Company” Introduction In today’s digital age, businesses are constantly competing for the attention of consumers in the ever-evolving world of marketing and advertising. With the
4 page expository essay, my random scenario generator (RSG) is: “My industry is digital marketing and advertising. My research question is What factors drive customer satisfaction and loyalty in our industry? “. You can pick a company from that scenario. I will also include the example of the proposal from the textbook.
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Title: Process Evaluation and Improvement using Statistical Process Control Methods
Assessment Directions
Select a process from an organization you work for
or are familiar with. You will also use this process and organization in
your assessments for Competency 2 and 3.
Create a new Word doc for the elements of this assignment.
Complete the Statistical Process Control Methods Worksheet for the elements for this portion of this assessment. In the worksheet, you will
Evaluate your process using 1 of the following:
Use the lean concept to find ways to eliminate waste and improve the process.
Use SPC or Six Sigma to reduce defects or variances in the process.
Continue to Pt 2: Control Chart and Process Metrics.
Evaluation of Control Chart and Process Metrics
Complete the following in Excel:
Calculate the defined process metrics including variation and process capability.
Develop and display a control chart for the process.
Evaluate the control chart and process metrics using
Statistical Process Control (SPC) methods. Determine whether the
process could benefit from the use of Six Sigma, Lean, or other tools.
(Include all calculation and charts.)
Continue to Pt. 3: Executive Summary.
Write a 700-word executive summary that includes the following:
A summary of the Process Evaluation (using either Lean or SPC or Six Sigma)
A summary of the Evaluation of Control Chart and Process metrics based on SPC methods
A summary of your evaluation of whether the process would benefit from the use of Six Sigma, Lean, or other tools
A description of the SPC project and recommendations for improvements -
“Pitching Your Business Plan: Gaining Support from Stakeholders”
Unit Title Business Start-up: Conception to Market Task 3 of 3 Unit Learning Outcome Assessment Criteria LO 3 Know the fundamental requirements for staring a new business. 3.2 Assignment Brief and Guidance Once you have determined that the objective of your business plan can be achieved, you need to prepare a presentation to gain support from stakeholders. To help ensure your presentation is as effective as possible, your mentor wants you to rehearse your delivery before presenting to the different stakeholders. You will deliver your presentation to your mentor who will act as a critical friend and provide constructive feedback. There are a variety of web sites giving advice on how to present and pitch a business plan and these can be accessed through any typical search engine. Delivery and Submission The submission is in the form of a 10 minute presentation equivalent to 500 words and must be in a recognised presentation format. Enhance your presentation with visual aids if you wish to
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“Building a Quality-Centered Culture: The Role of Leaders in Inspiring and Supporting Quality Improvement”
Description
Assignment Details
Leaders play a crucial role in ensuring a company’s focus on quality. They contribute to an environment where everyone is motivated to perform at their best and to make relevant improvements in how things are done.
Download the Unit 2 Individual Project template to help complete your assignment.
Using what you learned about leadership, write a 3–5-page analysis on how leaders can create a culture that values quality and what makes some leaders successful at it by addressing the following:
How can leaders contribute to a culture that cares about quality? Discuss how a leader’s actions and interests might inspire their team to prioritize quality and strive to do better.
What leadership qualities are most helpful for promoting a quality-centered culture?
What can leaders do to ensure that quality improvement efforts are effective? Identify ways that leaders can encourage and support their teams.
How have your thoughts on leadership changed since you studied the role of leadership in leading a quality-centered company? -
Title: “The Impact of Bias on Recruiting: Exploring the Pros and Cons of Blind Recruitment and Social Media Platforms”
Overview – As the labor force becomes more diverse, companies are reevaluating their hiring practices. You will be reading a short case in your textbook and providing comments/opinions on Flip to two questions about bias in recruiting.
Directions –
Read the case, Chapter 12 “Managing Change: Removing Bias in Recruiting.” (in hardcopy book, pg. 380 and in digital book, section 12:2)
Answer Questions 2 & 3 (found in case study)
How does blind recruiting help organizations? How may it hinder organizations?
If improved recruiting helps eliminate bias during the recruitment process, then what does that say about social media platforms such as Linked In that are commonly used for recruiting applicants?