Instructions
As you have learned throughout this course so far, financial statements play a significant role in all aspects of accounting. For this assignment, you are to retrieve a journal entry-flow of production from your current employer. If your employer will not provide an entry, you may use this Sample Financial Analysis Statement(see attach file) .
After selecting the financial statement(s) to use, you will need to read the following article:Fisher, J. G., & Krumwiede, K. (2015). Product costing systems: Finding the right approach. Journal of Corporate Accounting & Finance, 26(4), 13–21. https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=102202378&site=ehost-live&scope=siteOnce you have read the article, address the following questions based on both the article and your chart(s):
- analyze your current system using the three dimensions of convenience, correctness, and costs of implementation;
- correlate your current company’s product cost design abilities by answering the four key product design questions; and
- employ strategies for how businesses can better present financial statements for other businesses or financial institutions.
Your assignment must be at least two pages in length, not counting the title and references pages. You must have at least two outside sources, which can include the textbook and the Fisher and Krumwiede article. Adhere to APA Style when creating citations and references for this assignment.
