SOLUTION: Miami Dade College Issues in Auditing SAS Nos 122 124 Discussion

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

APA 7 is required.Either option 1 or 2 works.I need this by Friday afternoon.Option #1: The Changing Profile of Management AccountantsImagine 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 The finance department mentioned that they have had a lot of difficulty retaining talent because of long hours, outdated technology, and isolation from the operational departments so they need positive change from their new leader.You know it will be critical to get the right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:Do you believe the wording is strong enough to communicate “required,” as opposed to “desired” or “preferred” skills in the candidates?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?Are there skills missing that should be listed, and listed skills that could be removed because they are not as critical as others?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 descriptionCompany 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 ResponsibilitiesOversees 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; andInteracts with outside audit firms and casualty/liability insurance firms.Job RequirementsProven 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; andExperience with general ledger functions and the month-end/year-end close process.Assignment Details:In your analysis, include the following:An introduction,Analyze the issues, andConclude your analysis.Your paper must meet the following requirements:Your written paper should be three to four pages in length, not counting the title and reference pages, which you must include.Use terms, evidence, and concepts from class readings.Your paper must be formatted according to the CSU-Global Guide to Writing and APA Requirements (Links to an external site.).In addition to the textbook, cite at least three scholarly sources from the CSU-Global Campus Library (Links to an external site.) published in 2015 or newer.If you need assistance with your writing style, start with the links under the Research Help and Writing Help tabs on the CSU-Global Library’s (Links to an external site.) homepage.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 ProcessFind 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:An introduction (#1),Requirements # 2 – 5, andConclusion (#6).Your paper must meet the following requirements:Your written paper should be three to four pages in length, not counting the title and reference pages, which you must include.Use terms, evidence, and concepts from class readings.Your paper must be formatted according to the CSU-Global Guide to Writing and APA Requirements (Links to an external site.).In addition to the textbook, cite at least three scholarly sources from the CSU-Global Campus Library (Links to an external site.) published in 2015 or newer.If you need assistance with your writing style, start with the links under the Research Help and Writing Help tabs on the CSU-Global Library’s (Links to an external site.) homepage.Review the Module 1 Critical Thinking Rubric for full details on how you will be graded on this assignment.RubricACT460 Mod 1 CTACT460 Mod 1 CTCriteriaRatingsPtsThis criterion is linked to a Learning OutcomeRequirements10.0 to >8.0 ptsMeets ExpectationIncludes all of the required components, as specified in the assignment.8.0 to >6.0 ptsApproaches ExpectationIncludes most of the required components, as specified in the assignment.6.0 to >4.0 ptsBelow ExpectationIncludes some of the required components, as specified in the assignment.4.0 to >0 ptsLimited EvidenceIncludes few of the required components, as specified in the assignment.10.0 ptsThis criterion is linked to a Learning OutcomeContent10.0 to >8.0 ptsMeets ExpectationDemonstrates 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 ptsApproaches ExpectationSome significant but not major errors or omissions in demonstration of the expected behaviors applicable to the management accounting profession.6.0 to >4.0 ptsBelow ExpectationMajor errors or omissions in demonstration of expected behaviors applicable to the management accounting profession.4.0 to >0 ptsLimited EvidenceFails to demonstrate knowledge of expected behaviors applicable to the management accounting profession.10.0 ptsThis criterion is linked to a Learning OutcomeCritical Analysis / Calculations10.0 to >8.0 ptsMeets ExpectationProvides a strong critical analysis or calculation and interpretation of the information given.8.0 to >6.0 ptsApproaches ExpectationSome significant but not major errors or omissions in analysis or calculation and interpretation.6.0 to >4.0 ptsBelow ExpectationMajor errors or omissions in analysis or calculation and interpretation.4.0 to >0 ptsLimited EvidenceFails to provide critical analysis or calculation and interpretation of the information given.10.0 ptsThis criterion is linked to a Learning OutcomeSources / Examples10.0 to >8.0 ptsMeets ExpectationSources or examples meet required criteria and are well chosen to provide substance and perspectives on the issue under examination.8.0 to >6.0 ptsApproaches ExpectationSources 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 ptsBelow ExpectationSources or examples meet required criteria and are poorly chosen to provide substance and perspectives on the issue under examination.4.0 to >0 ptsLimited EvidenceSource or example selection and integration of knowledge from the course is clearly deficient.10.0 ptsThis criterion is linked to a Learning OutcomeDemonstrates college-level proficiency in organization, grammar and style.10.0 to >8.0 ptsMeets ExpectationProject 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 ptsApproaches ExpectationProject 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 ptsBelow ExpectationProject 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 ptsLimited EvidenceProject 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 ptsThis criterion is linked to a Learning OutcomeDemonstrates proper use of APA style10.0 to >8.0 ptsMeets ExpectationProject 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 ptsApproaches ExpectationFew 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 ptsBelow ExpectationSignificant 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 ptsLimited EvidenceNumerous errors in APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with more than five significant errors.10.0 ptsTotal Points: 60.0

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