ACC 226 GU Wk 1 to 8 Managerial Accounting & Managing Finances Discussions For each week, I have asked for you to respond to the prompt or prompts. I have

ACC 226 GU Wk 1 to 8 Managerial Accounting & Managing Finances Discussions For each week, I have asked for you to respond to the prompt or prompts. I have attached the document that contains each week discussion and labeled the weeks. Your initial post should be 75-150 words in length, please make sure that it is a minimum of 80 words. If you will require any additional info from the class please ask. ACC226 Managerial Accounting Discussions Week 1-8
Week 1 Managerial Accounting Company Example
This week we covered Chapter 1, Introduction to Managerial Accounting and Chapter 2, Job
Order Costing. Managerial Accounting is used mostly in manufacturing companies which
assemble its own inventory. Job Order costing is a method for firms which produce unique items
such as high-end homes or cars tailored to their owners.
Please identify a specific company that would rely on managerial accounting information and
why this is the case. When identifying the company please list its full legal name, location,
industry, and how managerial accounting would assist in analyzing a company’s financials. It is
not allowed to use the same company as a student from a previous post in Week 1.
Week 2 Overhead Costs Company Example
This week we covered Chapter 3, Process Costing and Chapter 4 Activity Based
Costing. Process Costing is for manufacturers which assemble products that are
identical. Activity Based Costing assigns costs to overhead activities and then assigns those
costs to the assembled products. Using the company in your Week 1 post, please identify some
overhead costs in the manufacturing operations. What makes these overhead costs and what cost
driver should be used to apply the overhead costs to the products?
Week 3 Product Profitability
This week we covered Chapter 5, Cost-Volume-Profit Analysis and Chapter 6, Variable Costing
for Management Analysis. Cost-Volume-Profit Analysis is about formulas and ratios used to
determine the profitability of individual products and/or operations. Variable Costing is a way to
calculate profitability of a firm’s operations by either calculating the contribution margin or
gross profit. Still using the company from your Week 1, please discuss how the contribution
margin might be used to determine the profitability of that product and how it’s used to make the
operations more profitable.
Week 4 Determining Benchmarks
This week we covered Chapter 7, Budgeting and Chapter 8, Evaluating Variances from Standard
Costs. Budgeting is used to project revenue and costs into the future, typically twelve
months. Evaluating variances from standard costs is the process of evaluating performances
against benchmarks serving as goals. From the company you used in Week 1, please speculate
how benchmarks can be determined when evaluating variances from standard costs. Provide
detailed examples and how you arrived at those examples.
Week 5 Decentralized Activities
This week we covered Chapter 9, Evaluating Decentralized Operations and Chapter 10,
Differential Analysis and Product Pricing. Decentralized Operations is when decision making,
and authority is transferred to subunits of the company. This is the difference in revenue and
expenses between different products. Please choose a company which produces more than one
product. Take at least two of these products and discuss the different costs between these two
products which may make one more profitable than the other. It is not allowed to use the same
company as a student from a previous post in Week 5.
Week 6 Lean Manufacturing and Customer Demand
This week we covered Chapter 11, Capital Investment Analysis and Chapter 12, Lean
Manufacturing and Activity Analysis. Capital Investments is the use of present value and future
calculations as well as different formulas to analyze return on investments. Lean Manufacturing
and Activity Analysis is about eliminating waste and focusing on the movement of goods and
services in respect to customer demand. In regard to Learn Manufacturing, discuss why it’s
important to focus on the movement of goods and services based on customer demand for the
company you chose in Week 1.
Week 7 Cash Flow Bankruptcy
This week we covered Chapter 13, Statement of Cash Flows. This is the financial statement used
to analyze the cash flow of a company. Why is cash flow important to a company? Research a
case where a company went out of business or declared bankruptcy due to poor cash flow and
not lack of sales, then summarize it for your initial post. It is not allowed to use the same
company as a student from a previous post in Week 7.
Week 8 Best Financial Ratios
This week we covered Chapter 14, Financial Statement. Financial Statement is the use of
different calculations and formulas to determine the financial health of an organization. Lean
Manufacturing and Activity Analysis is about eliminating waste and focusing on the movement
of goods and services in respect to customer demand. In regard to financial statements, please
pick out four ratios discussed in the chapter that would best analyze the company you chose in
Week 1’s threaded discussions. Discuss why these are the best calculations for the company you
chose and in detail explain how they effectively analyze the financial health of that firm.

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