Category Archives: Business Finance – Accounting

Project One

Competency

In this project, you will demonstrate your mastery of the following competency:

  • Describe the purpose and function of financial management in an organization

Scenario

You have been an entry-level financial analyst for six months. Your supervisor, who is about to fill another entry-level financial analyst position on your team, has asked you to create a job aid about the financial analyst role to help the new hire transition smoothly. The job aid needs to describe the responsibilities of a financial analyst, the essential elements of the role, and the impact the role has on a business.

Directions

Create a job aid for a new hire to an entry-level financial analyst position. Your job aid should be thorough yet easy for someone new to the field of finance to understand. You are encouraged to use the Project One Financial Analyst Job Aid template in the Supporting Materials section to complete this assignment.

Specifically, you must address the following:

  1. Financial Analyst Job Aid: In this job aid, you will give a general overview of financial management and its importance to a business.
    1. Financial Responsibilities: Describe the responsibilities of a financial analyst.
      1. In this section, outline the responsibilities a financial analyst has in terms of financial management. Add 5 to 7 specific bullet points outlining these responsibilities, and use complete sentences so that expectations are clear.
    2. Financial Management Decisions: Discuss the importance of using financial management for business decisions, and provide examples to support your claims.
      1. Consider the bullet points you outlined above. How do those responsibilities help to inform management decisions, and what would happen if management didnt have this information? This should be a brief paragraph with examples.
    3. Accounting Principles: Explain how accounting principles are used to analyze a businesss financial health, and provide examples to support your claims.
      1. Write a brief paragraph that explains accounting principles and how they are used within financial management in relation to analyzing financial health. What accounting information and approaches do financial analysts rely on, and how do they use it? What would happen if that information was not available or was not accurate?
    4. Financial Statements: Describe how financial statements are used to help businesses make finance-related decisions, and provide examples to support your claims.
      1. Consider identifying the information contained in financial statements and what financial analysts would need in order to do their job. What types of finance-related business decisions would this information help to inform? Provide real or fictional examples to help show this.
    5. Financial Terminology: Explain how a financial analyst would use the financial terms in their day-to-day responsibilities in a clear, easy-to-understand way.
      1. Define each term listed below and provide a 1- to 2-sentence explanation of how a financial analyst might use the term, especially when communicating information to management or clients, or when relaying information to inform important decisions:
        • Financial statement
        • Liquidity
        • Working capital
        • Diversification
        • Time value of money

What to Submit

To complete this project, you must submit the following:

Financial Analyst Job Aid
Submit your job aid as a 2- to 3- page Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Or, you may use the  template to help you complete this assignment. Sources should be cited according to APA style.

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Learning outcomes of this assignment:

– Identify the role of managerial accounting in decision making, and the basic terms used to present useful information. Differentiate various global perspectives on the management of accounting and contrast them against US companies. 

– Compute manufacturing costs of goods sold (cogs) and examine the decision-making process pertinent to job order costing and budgeting analysis.

– Analyze cost behaviors in relation to sales volume and making ethical managerial decisions that positively affect the bottom-line. Recommend strategies for problem solving related to these decisions.

– Determine the use of the break-even time method for evaluating capital investments.

For this assignment, develop a 5 pages response containing written narrative, figures, and charts.

Milano Co. manufactures and sells three products: product 1, product 2, and product 3. Their unit selling prices are product 1, $40; product 2, $30; and product 3, $20. The per unit variable costs to manufacture and sell these products are product 1, $30; product 2, $15; and product 3, $8. Their sales mix is reflected in a ratio of 6:4:2. Annual fixed costs shared by all three products are $270,000. One type of raw material has been used to manufacture products 1 and 2. The company has developed a new material of equal quality for less cost. The new material would reduce variable costs per unit as follows: product 1 by $10 and product 2 by $5. However, the new material requires new equipment, which will increase annual fixed costs by $50,000.

  • If the company continues to use the old material, determine its break-even point in both sales units and sales dollars of each individual product. 
     
  • If the company uses the new material, determine its new break-even point in both sales units and sales dollars of each individual product. (Round to the next whole unit.) 
     
  • What insight does this analysis offer management for long-term planning?

discussion 4

After reading the Pynes text and reviewing the Major Laws of the Department of Labor choose one of the following to research and use your findings to answer the following questions:

  • FLSA
  • Equal Pay Act of 1963
  • The Lilly Ledbetter Fair Pay Act
  • Or another compensation legislation or regulation you read about.

Questions:

  1. Explain the law you chose and the role it plays in HR compensation or benefit management.
  2. From your readings and research what other government or private resources are available to help with compensation and benefits as an HRM professional?

Discussion assignments consist of two parts: (I) an initial response to the topic, (II) responses/interactions (2+) with your peers.

Follow all Discussion Board Requirements and Due Dates.

Resources:

  • Read: – Pynes, Joan E. – Chapter 7, 231-240
  • Read:

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