Focus of the Final Paper
Submit a paper on one of the major topics listed below and incorporate at least two other related articles of your choice:
How does the firm use “Cost-Volume-Profit Analysis” to assess performance? How would you use such a system to measure how costs change as production changes? How do you develop a “break even analysis” for a given firm and how would you use it?
What is “Activity Based Costing” and how does it work? What does it do for a firm employing such a system? How do you go about developing such a system in a firm? What are the steps? What would an example look like?
Why is cost accounting so important to the success of the firm? What are the various methods of cost accounting and how are they used?
How does an operating budget work to discipline a firm’s management? What are the elements of a budget? How are budgets constructed? What is “Variance Analysis” and how is it used?