Prepare either a 3–4 page report or a 12-slide presentation in which you analyze financial information and risks associated with an investment to expand an organization and make a recommendation on whether or not to invest in expansion.
Collapse AllIntroduction
This portfolio work project will help you to not only better
understand commonly used accounting tools, but it will also give you the
opportunity to use your skills and experience by preparing training materials
to train someone else.
Scenario
You work for an organization that is seeking growth and
recently has hired new district managers to assist in this growth. In talking
to other regional managers, you have heard that some district managers do not
have a thorough understanding of commonly used accounting tools including an
income statement and balance sheet. You have a new district manager hire,
Sanjay, and see the need to do some training with him so he has a solid
understanding of income statements, balance sheets, and the elements that go into
them, including advertising costs, Web development costs, and store opening
costs.
In preparing to train your new hire, you have determined
that using examples (a picture is worth a thousand words) can be a great
approach to adopt. So, you have decided to gather some examples from the
company’s summary of significant accounting policies from its latest financial
statements.
You may apply this scenario described in
the Requirements below.
Your Role
You are a regional manager for Urban Outfitters or your
selected organization and oversee a number of districts. You have recently
brought a new district manager on board and want to ensure he has the knowledge
and tools needed to do his job effectively.
Requirements
The organization you work for is Urban Outfitters. Use the
U.S. Securities and Exchange Commission, SEC website, to find the
Urban Outfitter's financial statement's summary of significant accounting
policies. Look at the data for the latest filings for the following examples of
essential elements you need to cover with Sanjay and ensure his understanding.
- Advertising. Examine
the criteria used to expense and capitalize advertising costs and where
these costs appear in the financial statement.
- Store
opening costs. Examine how store opening and organization costs were
handled and where these costs appear in the financial statement.
- Website
development costs. Examine the approaches taken during the
application and infrastructure development stage and the planning and
operating stage.
Training Materials
As you prepare your training materials for Sanjay, use the
examples you collected from the company’s Notes to financial documents to
illustrate how you address the following items:
- Explain
how one or more of the following costs are captured:
- Advertising.
- Store
opening. If store opening costs were capitalized, over what time period
would you amortize them? Explain why you selected this time period.
- Website
development.
- Analyze
the importance of Notes to financial statements in interpreting financial
statements.
- Explain
how the accounting method the company uses affects the financial
statements.
- Explain
how the financial statements would differ if another method were used to
capture the costs.
- If you
have a preference for capitalizing or expensing these costs, explain why
it is your preference.
Deliverable Format
Leadership has asked that you develop either a training deck
or a training manual that you will use with Sanjay and that can be deployed
with other new hires as well. Regardless of the format selected, the
information should address the points identified above with detailed
explanations within the notes areas of slides or within the training manual
text. It will also be helpful to include information about why each item is
important to the organization as well as the success of the new district
manager.
To use your time and Sanjay's time wisely, be conscientious
about providing thorough yet concise information. These materials are expected
to be used by others for future training needs, so make sure they are well
organized and clear.
Training materials requirements:
- 12–15
slides for a training deck. Include additional details as slide notes.
- 3–4
pages for a training manual.
Related company standards for either format:
- The
training manual is a professional document and should therefore follow the
corresponding MBA Academic and Professional Document Guidelines, including
single-spaced paragraphs.
- To
learn more about creating presentations, click "MBA Program
Resources" and then “Presentation Skills.”
- In
addition to the training deck or manual materials, include:
- Title
(slide or page).
- References
(slide or page).
- Appendix
with supporting materials. If you are using a firm or scenario of your
choosing, ensure faculty has sufficient information to understand how you
reached your recommendation.
- At
least two APA-formatted references.
Competencies Measured
By successfully completing this assessment, you will
demonstrate your proficiency in the following course competencies through
corresponding scoring guide criteria:
- Competency
1: Explain how accounting concepts and practices impact financial
reporting.
- Explain
how the accounting method the company used affects the financial
statements.
- Compare
how two accounting methods differ in their effects on the financial
statements.
- Competency
4: Communicate financial information with multiple stakeholders.
- Communicate
accounting information clearly.
The answer
slide 2
The other slides here
https://www.mediafire.com/file/invpjk8g3wfd6t8/Financial_Policies_Training_UrbanOutfitters.pptx/file
📩 Need a similar solution? Email me: adel455@hotmail.com