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ACT 460 CSU Global Week 1 Changing Profile of Management Accountants Analysis

ACT 460 CSU Global Week 1 Changing Profile of Management Accountants Analysis

Question Description

APA 7 is required.

Either option 1 or 2 works.

I need this by Friday afternoon.

Option #1: The Changing Profile of Management Accountants

Imagine that you are human resource manager asked to review a job description for a Chief Financial Officer opening at your company. The finance department mentioned that they have had a lot of difficulty retaining talent because of long hours, outdated technology, and isolation from the operational departments so they need positive change from their new leader.

You know it will be critical to get the right person in the role to improve business processes which should in turn increase the company’s financial performance. However, you also realize that the pool of candidates with the requisite amount of work experience would likely have graduated from college 10 or more years ago.

Using what you learned in the required reading article “Adapting for Digital Survival,” how would you modify the existing job description to target the desired pool of candidates to meet the company’s growth needs? Specifically address the following:

  1. Do you believe the wording is strong enough to communicate “required,” as opposed to “desired” or “preferred” skills in the candidates?
  2. What certifications are generally pursued by management accountants, and why would having those certifications make a candidate more desirable than one that did not have the certifications?
  3. Are there skills missing that should be listed, and listed skills that could be removed because they are not as critical as others?
  4. This position is clearly looking for someone with a significant base of experience. However, they also desire someone who can break the cycle of high turnover. Is an employer able to pass on hiring a candidate solely because of their age (e.g. someone close to retirement)?

Job description

Company is a global manufacturing firm headquartered in Nebraska. The Chief Financial Officer will be responsible for hands-on oversight of all finance, accounting, and reporting activities.

Key Responsibilities

  • Oversees and manages all accounting operations including Billing, A/R, A/P, Payroll, GL, Cost Accounting, and Inventory Accounting;
  • Coordinates and directs the preparation of budgets for the overall company and for each department;
  • Prepares and publishes timely monthly financial statements;
  • Support month-end and year-end close process;
  • Develops and documents business processes and accounting policies to maintain and strengthen internal controls;
  • Manages and complies with local, state, and federal government reporting requirements and tax filings;
  • Provides financial analysis tools to evaluate company ventures, capital expenditures, programs, and products costing;
  • Manages commercial banking relationships; and
  • Interacts with outside audit firms and casualty/liability insurance firms.

Job Requirements

  • Proven working experience as a CFO, Controller, or Senior Finance person in the manufacturing industry;
  • 7+ years of overall combined accounting and finance experience;
  • Bachelor’s Degree in Accounting or Finance;
  • Must have excellent computer skills and experience with MRP software;
  • Thorough knowledge of accounting principles and procedures;
  • Experience with creating financial statements; and
  • Experience with general ledger functions and the month-end/year-end close process.

Assignment Details:

In your analysis, include the following:

  1. An introduction,
  2. Analyze the issues, and
  3. Conclude your analysis.

Your paper must meet the following requirements:

Review the Module 1 Critical Thinking Rubric for full details on how you will be graded on this assignment.

Option #2: Cost Identification within the Manufacturing Process

Find the website for a beverage manufacturer/packager that describes the manufacturing process. Then use Microsoft Word to complete the following requirements:

  • Identify the company, its website and what it produces/packages.
  • BRIEFLY outline or flowchart the production process.
  • Define cost object and identify the cost object in the selected company’s process. (There may be more than one but stick to one for this assignment.)
  • From the process outlined in step 2, identify and list 15-20 costs incurred in the process (e.g., maintenance on machinery).
  • Using the cost object identified in step 3, group the identified costs into the following categories: direct variable, direct fixed, indirect variable, or indirect fixed cost.
  • Conclude your assignment by explaining what each category of costs is used for in calculating the costs of goods manufactured.

In your analysis, include the following:

  1. An introduction (#1),
  2. Requirements # 2 – 5, and
  3. Conclusion (#6).

Your paper must meet the following requirements:

Review the Module 1 Critical Thinking Rubric for full details on how you will be graded on this assignment.

Rubric

ACT460 Mod 1 CT

ACT460 Mod 1 CT

Criteria Ratings Pts

This criterion is linked to a Learning OutcomeRequirements

10.0 to >8.0 pts

Meets Expectation

Includes all of the required components, as specified in the assignment.

8.0 to >6.0 pts

Approaches Expectation

Includes most of the required components, as specified in the assignment.

6.0 to >4.0 pts

Below Expectation

Includes some of the required components, as specified in the assignment.

4.0 to >0 pts

Limited Evidence

Includes few of the required components, as specified in the assignment.

10.0 pts

This criterion is linked to a Learning OutcomeContent

10.0 to >8.0 pts

Meets Expectation

Demonstrates strong or adequate knowledge of the expected behaviors applicable to the management accounting profession; correctly represents knowledge from the readings and sources.

8.0 to >6.0 pts

Approaches Expectation

Some significant but not major errors or omissions in demonstration of the expected behaviors applicable to the management accounting profession.

6.0 to >4.0 pts

Below Expectation

Major errors or omissions in demonstration of expected behaviors applicable to the management accounting profession.

4.0 to >0 pts

Limited Evidence

Fails to demonstrate knowledge of expected behaviors applicable to the management accounting profession.

10.0 pts

This criterion is linked to a Learning OutcomeCritical Analysis / Calculations

10.0 to >8.0 pts

Meets Expectation

Provides a strong critical analysis or calculation and interpretation of the information given.

8.0 to >6.0 pts

Approaches Expectation

Some significant but not major errors or omissions in analysis or calculation and interpretation.

6.0 to >4.0 pts

Below Expectation

Major errors or omissions in analysis or calculation and interpretation.

4.0 to >0 pts

Limited Evidence

Fails to provide critical analysis or calculation and interpretation of the information given.

10.0 pts

This criterion is linked to a Learning OutcomeSources / Examples

10.0 to >8.0 pts

Meets Expectation

Sources or examples meet required criteria and are well chosen to provide substance and perspectives on the issue under examination.

8.0 to >6.0 pts

Approaches Expectation

Sources or examples meet required criteria but are less‐than adequately chosen to provide substance and perspectives on the issue under examination.

6.0 to >4.0 pts

Below Expectation

Sources or examples meet required criteria and are poorly chosen to provide substance and perspectives on the issue under examination.

4.0 to >0 pts

Limited Evidence

Source or example selection and integration of knowledge from the course is clearly deficient.

10.0 pts

This criterion is linked to a Learning OutcomeDemonstrates college-level proficiency in organization, grammar and style.

10.0 to >8.0 pts

Meets Expectation

Project is clearly organized, well written, and in proper format as outlined in the assignment. Strong sentence and paragraph structure; few errors in grammar and spelling.

8.0 to >6.0 pts

Approaches Expectation

Project is fairly well organized and written, and is in proper format as outlined in the assignment. Reasonably good sentence and paragraph structure; significant number of errors in grammar and spelling.

6.0 to >4.0 pts

Below Expectation

Project is poorly organized; does not follow proper paper format. Inconsistent to inadequate sentence and paragraph development; numerous errors in grammar and spelling.

4.0 to >0 pts

Limited Evidence

Project is not organized or well written, and is not in proper paper format. Poor quality work; unacceptable in terms of grammar and spelling.

10.0 pts

This criterion is linked to a Learning OutcomeDemonstrates proper use of APA style

10.0 to >8.0 pts

Meets Expectation

Project contains proper APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with no more than one significant error.

8.0 to >6.0 pts

Approaches Expectation

Few errors in APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with no more than two to three significant errors.

6.0 to >4.0 pts

Below Expectation

Significant errors in APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with four to five significant errors.

4.0 to >0 pts

Limited Evidence

Numerous errors in APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with more than five significant errors.

10.0 pts

Total Points: 60.0

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NB

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