Your business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your company’s progress over the past month and how it has performed with respect to your cost and budget projections. The investors would like to see the thought process behind your financial strategy and how your company has performed in its first month. They have therefore asked you to present a report that includes the costing and income data from your Project Workbook.

For this assignment, research two contemporary accounting topics, such as valuing intellectual capital and International Financial Reporting Standards (IFRS), and how these standards differ from Generally Accepted Accounting Principles (GAAP), and sustainability and environmental accounting.There are several articles and one video in this week’s recommended resources section of the course guide that can help get you familiar with these terms and aid in your research. If you would like to choose a different contemporary accounting topic not listed, email your instructor to obtain approval prior to starting your paper.In your paper,Define and describe the topics, citing real-life examples of their uses.Critique the pros and cons of the topics.Assess the popularity of the topics and what type of global companies or individuals use them.Hypothesize the future use of the topics; be sure to support your position with facts.

Scenario You manage a local chain restaurant that is known for its burgers. The restaurant is located on the corner of a major intersection in a suburban neighborhood. There are many choices in the area for a cheap meal that is family friendly. With so many options available, you want to be sure that you remain competitive. As a result, you recently decided to make a few changes to the menu. You added quite a few new items and took away a few that weren’t so popular.Your general manager regularly checks your store’s online reviews to see what your customers are saying. She made you aware that recently your online reviews have been less than positive. She provided you with reviews from your website and asked that you summarize the findings and determine next steps. While your sales don’t seem to be slipping, she wants you to analyze the ratings and reviews so that you can proactively address areas that need attention.The reviews and ratings are as follows:Comments/Stars out of 5 1- Very Poor2- Poor3- Neutral4- Good5- Very Good Great burgers - 3 My waitress was really nice - 4 My soup was cold - 1 My salad was wilted - 1 We were seated very quickly - 3 The carpet was filthy - 2 The food was horrible, but the manager comped the meal - 3 Food was ok for typical bar food - 3 There is too much to choose from on the menu - 2 Really kid friendly - 4 There was a wait to be seated and the hostess brought my four-year-old crayons and paper to keep her busy! - 5 The place is known for their burgers. They should stick to that. Their pizza was horrible and overpriced! - 1 Bathrooms need some serious attention! Gross! - 1 Our waiter slipped us a buy one, get one coupon before we paid the bill. Sweet!! - 4 You have reviewed the data and have decided that analysis is required in order to prioritize the areas of concern. The data will also allow you to assess what is going right in your restaurant.You and your general manager agree that this exercise is imperative to stay competitive in an already saturated market.Instructions You have decided to provide your general manager with a step-by-step action plan, in Microsoft Word, that provides the roadmap used to analyze the data to ensure the conclusions you reached are valid. You will be dealing with both quantitative and qualitative data. As you write your plan, be sure you explain your research method, measurement scale, results, and next steps based on your results.In an introductory statement, briefly explain why the analysis of these ratings and reviews is important. Step 1 – Contrast the two different types of data found in the ratings and reviews and how both will be used in your analysis. Step 2 – Describe the research method and measurement scale you will be using to interpret the ratings and reviews. Be sure to include an analysis of the method, and why it is appropriate in this case. Step 3- Illustrate your coding process by displaying a table with the values ascribed to your qualitative data. Step 4 – Explain whether you applied mean, median, or mode values to your quantitative data. Include a description why your choice best reflects the overall customer rating of your restaurant, what the value is, and a projection of where you would like the rating to be in 6 months. Step 5 – Create a table, chart, or graph using Excel that shows your qualitative research results and identify the top two customer concerns to be addressed. Also, include the area where customers are most satisfied. Be sure to add the graph in the appropriate place in the Word document.