Cost Accounting Systems
Consider the places of employment of the team members or businesses with which the team is familiar and the industries in which they operate.
Create a 12-slide presentation, including detailed speaker notes that act as the script of the presentation or a voiceover, of an analysis of cost accounting systems. Include the following in the presentation:
- Describe the purpose and elements of an effective cost accounting system.
- Differentiate the 3 types of cost accounting systems (job order, process, and hybrid). Include detailed descriptions of each.
- Determine when and why it is appropriate to use each type of system and include an explanation.
- Recommend the best accounting system for the team members’ respective places of employment or a business where they are interested in pursuing employment. Provide a rationale for the recommendations. If not enough information is available for all companies, provide suggested considerations needed to make the determination.
I’m using Walmart.