Management/Cost Accounting Projects
General
- Undergraduate; 2nd year, 3rd year, 4th year
- 70 learners; teams of 5
- 15 hours per learner
- Dates set by experience
- Educators assign learners to projects
Preferred companies
- 5/5 project matches
- Anywhere
- Academic experience
- Any company type
- Any
Categories
Skills
Project timeline
-
February 12, 2024Experience start
-
February 23, 2024Zoom introduction of the company and project
-
May 3, 2024Experience end
Timeline
-
February 12, 2024Experience start
-
February 23, 2024Zoom introduction of the company and project
The exact date and time of the introductions Zoom will be announced later.
-
May 3, 2024Experience end
Overview
- Details
-
Does your organization have a management accounting challenge you want to tackle? In this project, student-consultants working in teams will apply their accounting skills in managerial decision-making towards a challenge in the areas of planning and controlling operations pertinent to your organization. Areas assessed might include cost terminology and behavior, break-even analysis, relevant costs, master budgeting with an emphasis on cash flows and income projection, responsibility accounting systems, and variance analysis. The students may develop a report for your organization upon completion of the project and/or do a Zoom presentation with their findings.
- Learner skills
- Business consulting, Business strategy, Cash flow planning, Data analysis, Research
- Deliverables
-
The final project deliverables might include:
A detailed written report, including students' research, analysis, insights, and recommendations and/or an oral presentation on Zoom/Teams.
Project Examples
Beginning of February 2024, students in groups of 5-6 will work with your company to identify your needs and provide actionable recommendations, based on their in-depth research and analysis.
Project activities might include but are not limited to:
- Analyzing how fixed and variable costs behave and how to use them to predict costs;
- Computing the break-even point using the contribution margin approach and interpreting a cost-volume-profit graph;
- Exploring activity-based costing and how it differs from a traditional costing system;
- Computing activity cost pools;
- Preparing all budgets used in a business with an emphasis on cash flows and income projection;
- Assessing standard costs and calculating variances from actual costs for materials, labor, and manufacturing overhead;
- Identifying relevant and irrelevant costs and benefits in a decision situation;
- Computing variances in direct material, direct labor, and overhead costs;
- Preparing and interpreting statements of cash flows;
- Calculating pricing;
- Preparing a written portfolio solving the managerial accounting problem of the organization.
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Provide an opportunity for students to submit their project outcomes and receive feedback.
Provide a dedicated contact who is available to answer periodic emails or phone calls over the duration of the project to address students' questions.
Be available for a quick phone call with the instructor to initiate your relationship and confirm whether your scope is an appropriate fit for the course.