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Cost Accounting Project

Acc 306
Closed
Salem State University
Salem State University
Salem, Massachusetts, United States
Zlatinka Blaber
Zlatinka Blaber
Associate Professor of Accounting
(6)
6
Timeline
  • February 1, 2021
    Experience start
  • February 9, 2021
    Project Scope Meeting
  • April 30, 2021
    Experience end
Experience
1/1 project matches
Dates set by experience
Preferred companies
Anywhere
Any
Any industries
Categories
Accounting Operations Project management Sales strategy
Skills
business strategy data analysis cost accounting power bi business consulting
Learner goals and capabilities

Does your organization have a cost accounting challenge you want to tackle? In this project, student-consultants working in teams will apply their knowledge of the concept and characteristics of cost with specific emphasis on decision-making situations that require working with accounting information toward the solution of an issue of your choice. They will explore the application of costs to process, job order and standard cost accounting systems. Concepts such as activity-based costing, just-in-time inventory systems and material requirements planning are also covered. The students will develop a written report and virtual presentation for your organization upon completion of the project.

Learners
Undergraduate
Any level
30 learners
Project
15 hours per learner
Learners self-assign
Teams of 4
Expected outcomes and deliverables

The final project deliverables might include:

  1. A 10-15 minute presentation of key findings and recommendations;
  2. A detailed report including students' research, analysis, insights, and recommendations.
Project timeline
  • February 1, 2021
    Experience start
  • February 9, 2021
    Project Scope Meeting
  • April 30, 2021
    Experience end
Project Examples

Beginning of February 2021, students in groups of 3-5 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:

  • Calculating various types of costs and understanding their behavior;
  • Performing cost-volume-profit (CVP) analysis;
  • Examining the fundamentals of cost analysis for decision making;
  • Estimating costs;
  • Examining the fundamentals of product and service costing;
  • Examining the fundamentals of job costing;
  • Understanding the fundamentals of service department and joint cost allocation;
  • Planning and budgeting;
  • Performing variance analysis;
  • Using Microsoft Power BI [business intelligence] for data analysis and visualization purposes;
  • Discerning ethical dilemmas in cost accounting for decision making;
  • Completing a written group project and a virtual presentation advising your organization on how to solve a cost accounting issue.
Companies must answer the following questions to submit a match request to this experience:

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 your scope is an appropriate fit for the course.

Provide an opportunity for students to present their work and receive feedback.