ACC 311 Final Project II Guidelines and Rubric Overview Cost accounting is used for two main purposes. The first purpose is to determine the actual costs of products, projects, processes, or services so an organization can report correct and accurate information on their financial statements. The second purpose is to aid the management team in making decisions and guiding the planning and control functions of the organization. Cost accounting provides an analysis of cost behavior, cost-volume-profit relationships, budgeting, resource costing, and activitybased costing. The roots of cost accounting are in the manufacturing business, but cost-accounting concepts are also used in service industries. This assessment focuses on the SRS Educational Supply Company case study. SRS is a company that provides materials and supplies to educational institutions. The SRS business model is to be a one-stop provider of educational supply needs. For example, some of their product lines include workbooks, classroom visual aids, instructor support materials, art supplies, lab supplies, and administrative office supplies. While SRS serves all levels of educational institutions, the majority of their customers are K12 schools. Sales can vary quite a bit from month to month, as K-12 educational institutions have seasonal ordering patterns. Thus, budgeting is vital for planning and cash flow purposes. SRS has a June 30th fiscal year end. The final project is divided into two parts. In Final Project II, you will review the financial information provided for the four main departments of the organization: sales, purchasing, operations, and finance. Based on the information provided, you will create departmental budgets for each of the four departments. You will then create a master budget based on the department budgets. In addition, you will create an executive brief presentation regarding the budgeting process. You will also provide an overview of the department and master budgets. This final project contains one milestone, which is submitted in Module Five to scaffold learning and ensure quality final submissions. The final product will be submitted in Module Seven. In this assignment, you will demonstrate your mastery of the following course outcomes:  ACC-311-02: Prepare budgets for various purposes in order to aid managerial decision-making processes  ACC-311-03: Prepare cost accounting reports to internally communicate information to managerial decision makers Prompt The company has four main managers: a sales manager, a purchasing manager, an operations manager, and a finance manager. Each manager has both general information about the company as a whole and information about their own department. The information known only by the departmental manager is more accurate than the general corporate information. Based on the information and data in the case study document, create a master budget for the three-month period beginning July 1st and ending September 30th. You are responsible for creating a budget for each department that will become the master budget. Specifically, you will address the following critical elements listed below. Most of the critical elements align with a particular course outcome (shown in brackets). I. Budgeting: Prepare Budgets A. Review the financial information in the case study. Create spreadsheets and enter your data for the following: 1. Prepare the sales budget by month and in total. [ACC-311-02] 2. Prepare a schedule of expected cash collections from sales by month and in total. [ACC-311-02] 3. Prepare a merchandise purchase budget in dollars by month and in total. [ACC-311-02] 4. Prepare a schedule of expected cash disbursements for merchandise purchases by month and in total. [ACC-311-02] 5. Prepare a selling and administrative budget by month and in total. [ACC-311-02] 6. Prepare a schedule of expected cash disbursements for selling and administration by month and in total. [ACC-311-02] 7. Prepare a cash budget by month and in total. [ACC-311-02] 8. Prepare a budgeted income statement (pro forma) for the three-month period ending September 30th using the absorption costing approach. [ACC-311-02] 9. Prepare a master budget balance sheet (pro forma) as of September 30th. [ACC-311-02] II. Reporting A. Analyze Data 1. Briefly summarize each department budget and note any large variances. [ACC-311-03] 2. Explain two variances that might cause concern or prompt further analysis. [ACC-311-03] B. Executive Brief Presentation 1. Create an executive briefing presentation in which you briefly summarize all budgets. Include all supporting documentation as addendums to the brief. [ACC-311-03] Milestones Milestone One: Budgets In Module Five, you will prepare and submit the department budgets. This submission will be graded using the Final Project II Milestone One Rubric. Final Submission: Final Project II Submission In Module Seven, you will submit your final project. You will compile the department budgets, master budget, and an overview of the budgeting process in an executive brief presentation. Based on the performance analysis of the company’s press division, you will prepare a memo for the company’s leadership team to explain the performance level of the press division and whether it should continue operations. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded using the Final Project II Rubric. Final Project II Rubric Guidelines for Submission: Your Final Project II submission is an organizational financial analysis report, which is your choice of a 12- to 15-page Microsoft Word document OR a 12- to 15-slide Microsoft PowerPoint presentation (excluding title page and references list):  Word Document: If you submit a Word document, it should be double spaced, with 12-point Times New Roman font and one-inch margins, and it should use the latest guidelines for APA formatting for references and citations. Include your name, course number and course name, and report title on the title page. Upload your Final Project II Student Workbook with any edits based on instructor feedback as a separate addendum.  PowerPoint: If you submit a PowerPoint presentation, it should include speaker notes (in addition to slide bullet points for each budget) that briefly summarize each of the budgets and the two variances. Upload your Final Project II Student Workbook with any edits based on instructor feedback as a separate addendum. ACC 311 Final Project II Guidelines and Rubric Overview Cost accounting is used for two main purposes. The first purpose is to determine the actual costs of products, projects, processes, or services so an organization can report correct and accurate information on their financial statements. The second purpose is to aid the management team in making decisions and guiding the planning and control functions of the organization. Cost accounting provides an analysis of cost behavior, cost-volume-profit relationships, budgeting, resource costing, and activitybased costing. The roots of cost accounting are in the manufacturing business, but cost-accounting concepts are also used in service industries. This assessment focuses on the SRS Educational Supply Company case study. SRS is a company that provides materials and supplies to educational institutions. The SRS business model is to be a one-stop provider of educational supply needs. For example, some of their product lines include workbooks, classroom visual aids, instructor support materials, art supplies, lab supplies, and administrative office supplies. While SRS serves all levels of educational institutions, the majority of their customers are K12 schools. Sales can vary quite a bit from month to month, as K-12 educational institutions have seasonal ordering patterns. Thus, budgeting is vital for planning and cash flow purposes. SRS has a June 30th fiscal year end. The final project is divided into two parts. In Final Project II, you will review the financial information provided for the four main departments of the organization: sales, purchasing, operations, and finance. Based on the information provided, you will create departmental budgets for each of the four departments. You will then create a master budget based on the department budgets. In addition, you will create an executive brief presentation regarding the budgeting process. You will also provide an overview of the department and master budgets. This final project contains one milestone, which is submitted in Module Five to scaffold learning and ensure quality final submissions. The final product will be submitted in Module Seven. In this assignment, you will demonstrate your mastery of the following course outcomes:  ACC-311-02: Prepare budgets for various purposes in order to aid managerial decision-making processes  ACC-311-03: Prepare cost accounting reports to internally communicate information to managerial decision makers Prompt The company has four main managers: a sales manager, a purchasing manager, an operations manager, and a finance manager. Each manager has both general information about the company as a whole and information about their own department. The information known only by the departmental manager is more accurate than the general corporate information. Based on the information and data in the case study document, create a master budget for the three-month period beginning July 1st and ending September 30th. You are responsible for creating a budget for each department that will become the master budget. Specifically, you will address the following critical elements listed below. Most of the critical elements align with a particular course outcome (shown in brackets). I. Budgeting: Prepare Budgets A. Review the financial information in the case study. Create spreadsheets and enter your data for the following: 1. Prepare the sales budget by month and in total. [ACC-311-02] 2. Prepare a schedule of expected cash collections from sales by month and in total. [ACC-311-02] 3. Prepare a merchandise purchase budget in dollars by month and in total. [ACC-311-02] 4. Prepare a schedule of expected cash disbursements for merchandise purchases by month and in total. [ACC-311-02] 5. Prepare a selling and administrative budget by month and in total. [ACC-311-02] 6. Prepare a schedule of expected cash disbursements for selling and administration by month and in total. [ACC-311-02] 7. Prepare a cash budget by month and in total. [ACC-311-02] 8. Prepare a budgeted income statement (pro forma) for the three-month period ending September 30th using the absorption costing approach. [ACC-311-02] 9. Prepare a master budget balance sheet (pro forma) as of September 30th. [ACC-311-02] II. Reporting A. Analyze Data 1. Briefly summarize each department budget and note any large variances. [ACC-311-03] 2. Explain two variances that might cause concern or prompt further analysis. [ACC-311-03] B. Executive Brief Presentation 1. Create an executive briefing presentation in which you briefly summarize all budgets. Include all supporting documentation as addendums to the brief. [ACC-311-03] Milestones Milestone One: Budgets In Module Five, you will prepare and submit the department budgets. This submission will be graded using the Final Project II Milestone One Rubric. Final Submission: Final Project II Submission In Module Seven, you will submit your final project. You will compile the department budgets, master budget, and an overview of the budgeting process in an executive brief presentation. Based on the performance analysis of the company’s press division, you will prepare a memo for the company’s leadership team to explain the performance level of the press division and whether it should continue operations. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded using the Final Project II Rubric. Final Project II Rubric Guidelines for Submission: Your Final Project II submission is an organizational financial analysis report, which is your choice of a 12- to 15-page Microsoft Word document OR a 12- to 15-slide Microsoft PowerPoint presentation (excluding title page and references list):  Word Document: If you submit a Word document, it should be double spaced, with 12-point Times New Roman font and one-inch margins, and it should use the latest guidelines for APA formatting for references and citations. Include your name, course number and course name, and report title on the title page. Upload your Final Project II Student Workbook with any edits based on instructor feedback as a separate addendum.  PowerPoint: If you submit a PowerPoint presentation, it should include speaker notes (in addition to slide bullet points for each budget) that briefly summarize each of the budgets and the two variances. Upload your Final Project II Student Workbook with any edits based on instructor feedback as a separate addendum.

Respond to the assigned questions using the lessons and vocabulary found in the reading.Leadership StylesThere are several styles of leadership. Autocratic leaders control subordinates, emphasizing that the leaders are in control. Democratic leaders work with subordinates rather than controlling them. Laissez-faire leaders might be considered nonleaders. Such leaders engage in minimal influence with subordinates.From the various leaders you have had in the past ten years (e.g., supervisors, managers, coaches, teachers, music directors, etc.), select one who was authoritarian, one who was democratic, and one who was laissez-faire. Begin your post by describing your three leaders in three or four sentences each.Then, select any one of the following bullet point questions (addressing all items in the bullet point you select).What did the leaders (i.e., autocratic, democratic, and laissez-faire) do differently to influence you? How did they use rewards and punishment differently? How did they exercise their power differently? How did others respond to the leaders’ contrasting use of power? Which exercise of power and influence seemed to be most productive? Based on what evidence?What were the different task-oriented behaviors used by each leader? What were the different relationship-oriented behaviors used by each leader? How did others react to the leader? Which type of leader seemed to demonstrate the most effective task and relationship behaviors? Based on what evidence?What were the different conflict resolution behaviors used by each leader? What was the climate, mood, or experience of organizational members surrounding conflict? How did the leader’s style contribute to the climate? Which leader seemed to demonstrate the most effective conflict resolution behaviors? Based on what evidence?How did the leaders communicate differently both verbally and nonverbally? How did they utilize formal versus informal methods of communication? What were the strengths and weaknesses of the various communication approaches? Which leader communicated most effectively? Based on what evidence?What were the different decision-making processes used by each leader? How did organizational members respond to decisions once made? How did decision making affect motivation and trust in the organization? Which decision-making practices appeared to be most effective? Based on what evidence?Finally, complete your post with a brief evaluation of your personal leadership styleWhich style of leadership do you use?How do you know that your style is effective?What are two specific activities you could use to improve your leadership effectiveness? (Northouse, 2009, pp. 50–51).Note: Select a different bullet point section than what your classmates have already posted so that we can engage several discussions on relevant topics. If all of the bullet points have been addressed, then you may begin to re-use the bullet points with the expectation that varied responses continue.Note: Select a different bullet point section than what your classmates have already posted so that we can engage several discussions on relevant topics. If all of the bullet points have been addressed, then you may begin to re-use the bullet points with the expectation that varied responses continue.Your posting should be the equivalent of 1 to 2 pages (500–1000 words) in length.Reference:Northouse, P. G. (2009). Introduction to leadership. Los Angeles, CA: Sage.