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ACC 599 Assignment 3 Capstone Research Project

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Question;Assignment 3: Capstone Research ProjectDue Week 10 and worth 440 pointsProject Parameters:You have been selected as the consultant to develop a business plan for Durango ManufacturingCompany, which is a start-up, medium-sized public manufacturing company. The CEO has abackground in manufacturing and is well versed in supply chain management. However, theCEO has limited experience in financial management and creating value for the variousstakeholder groups. Your business plan must include a five (5) year strategy to increase revenuesby 10% and a recommendation for creating an organizational structure to comply with SOXmandates for strong corporate governance over the internal controls. Your business plan mustalso include prescriptions for creating an ethical environment. Your recommendation must beapproved by the Board of Directors before the company can begin its operations.Based on your knowledge of accounting and financial, prepare a ten to twelve (10-12) pagereport in which you:1. As the consultant, create an argument that you will present to the CEO that suggestsaccounting and financial management knowledge and skills will be essential to the companyssuccess and stability over the next five (5) years. Provide support for your argument.2. Suggest to the CEO how the companys stakeholders (investors, lenders, and employees) willuse financial statement information and ratio calculations to make key determinations related tothe financial condition and operational efficiency of the company. Provide support for yourrationale.3. Given the strategy to increase revenue during the five (5) year plan period, which will need tobe achieved through expansion and capital expenditures, determine which capital budgeting ratiois appropriate for Durango to evaluate its proposals for capital expenditures, such as NPV, IRR,etc. Defend your position.4. In order for the company to improve its operational efficiency, recommend which productiondepartments should use process, job order, and activity-based costingall three (3) of whichmust be implemented within Durango. Defend your choice for each department.5. The CEO would like to consider outsourcing his manufacturing operations if labor can besupplied cheaper overseas than in the U.S. Create an argument either for or against outsourcingthe manufacturing operation to a foreign country. Your argument should include key points thatsupport your position. The key points should address economic and business managementaspects related to outsourcing.6. Predict the economic and business environment over the next five (5) years, indicating at leasttwo (2) ways it may impact Durango Manufacturing Companys ability to achieve the desired10% growth in revenue. Provide support for your prediction.7. Formulate a strategy to improve the opportunities for Durango to reach its revenue goals (i.e.,increase revenue by 10% within five [5] years).8. Use the Internet to research a company similar to Durango that has been accused ofcommitting fraud. Determine the specific internal control that was defective, along with aspectsof corporate cultural environment that contributed to the fraud or unethical behavior. Based onthese findings, determine how improving this internal control failure can mitigate future risks.9. Assess the potential for fraud within Durango based on the lack of IT controls, and determineat least two (2) ways Durango will structure its internal IT controls to ensure that such controlsare effective in detecting fraudulent transactions.10. Examine the current roles and responsibilities of Durangos audit committee members, andpropose a model for your company to improve the effectiveness of the audit committee and thusensure effective corporate governance.11. Use at least six (6) quality academic resources in this assignment. Note: Wikipedia and otherWebsites do not qualify as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on allsides, citations and references must follow APA or school-specific format. Check with yourprofessor for any additional instructions.Include a cover page containing the title of the assignment, the students name, the professorsname, the course title, and the date. The cover page and the reference page are not included in therequired assignment page length.The specific course learning outcomes associated with this assignment are:Analyze financial reports, prepare analysis, and draw conclusions based on the financialanalysisCalculate and interpret various financial and operating ratios used in business.Apply activity-based costing and other managerial accounting concepts to various businesssituations.Evaluate capital budgeting situations by calculating financial returns and drawing appropriateconclusions.Evaluate internal controls within an organization and create a risk assessment.Analyze ethical theories to evaluate a decision-making process to determine compliance withprofessional codes of ethics.Evaluate the health of organizations to assess the level of risk in an audit engagement.Evaluate financial data for potential fraud and prepare an audit approach for detecting fraud.Assess the risk of financial misstatement in an IT-based environment.Evaluate financial data for potential fraud and determine the business relationships contributingto the fraudulent reporting.Use technology and information resources to research issues in accounting management.Write clearly and concisely about accounting management using proper writing mechanics.Grading for this assignment will be based on answer quality, logic / organization of the paper,and language and writing skills, using the following rubric. Points: 440 Assignment 3: CapstoneResearch Project Criteria Unacceptable Below 70% F Fair 70-79% C Proficient 80-89% BExemplary 90-100% A1. As the consultant, create an argument that you will present to the CEO that suggestsaccounting and financial management knowledge and skills will be essential to the companyssuccess and stability over the next five (5) years. Provide support for your argument.Weight: 5%Did not submit or incompletely created an argument that you will present to the CEO thatsuggests accounting and financial management knowledge and skills will be essential to thecompanys success and stability overPartially created an argument that you will present to the CEO that suggests accounting andfinancial management knowledge and skills will be essential to the companys success andstability over the next five (5) years, as theSatisfactorily created an argument that you will present to the CEO that suggests accounting andfinancial management knowledge and skills will be essential to the companys success andstability over the next five (5)Thoroughly created an argument that you will present to the CEO that suggests accounting andfinancial management knowledge and skills will be essential to the companys success andstability over the next five (5) as the consultant. Did not submit or incompletely provided supportfor your argument.consultant. Partially provided support for your argument.years, as the consultant. Satisfactorily provided support for your argument.years, as the consultant. Thoroughly provided support for your argument.2. Suggest to the CEO how the companys stakeholders (investors, lenders, and employees) willuse financial statement information and ratio calculations to make key determinations related tothe financial condition and operational efficiency of the company. Provide support for yourrationale. Weight: 5%Did not submit or incompletely suggested to the CEO how the companys stakeholders(investors, lenders, and employees) will use financial statement information and ratiocalculations to make key determinations related to the financial condition and operationalefficiency of the company. Did not submit or incompletely provided support for your rationale.Partially suggested to the CEO how the companys stakeholders (investors, lenders, andemployees) will use financial statement information and ratio calculations to make keydeterminations related to the financial condition and operational efficiency of the company.Partially provided support for your rationale.Satisfactorily suggested to the CEO how the companys stakeholders (investors, lenders, andemployees) will use financial statement information and ratio calculations to make keydeterminations related to the financial condition and operational efficiency of the company.Satisfactorily provided support for your rationale.Thoroughly suggested to the CEO how the companys stakeholders (investors, lenders, andemployees) will use financial statement information and ratio calculations to make keydeterminations related to the financial condition and operational efficiency of the company.Thoroughly provided support for your rationale.3. Given the strategy to increase revenue during the five (5) year plan period, which will need tobe achieved through expansion and capital expenditures, determine which capital budgeting ratiois appropriate for Durango to evaluate its proposals for capital expenditures, such as NPV, IRR,etc. Defend your position.Weight: 5%Did not submit or incompletely determined which capital budgeting ratio is appropriate forDurango to evaluate its proposals for capital expenditures, such as NPV, IRR, etc., given thestrategy to increase revenue during the five (5)year plan period, which will need to be achievedthrough expansion and capital expenditures. Did not submit or incompletely defended yourposition.Partially determined which capital budgeting ratio is appropriate for Durango to evaluate itsproposals for capital expenditures, such as NPV, IRR, etc., given the strategy to increase revenueduring the five (5) year plan period, which will need to be achieved through expansion andcapital expenditures. Partially defended your position.Satisfactorily determined which capital budgeting ratio is appropriate for Durango to evaluate itsproposals for capital expenditures, such as NPV, IRR, etc., given the strategy to increase revenueduring the five (5) year plan period, which will need to be achieved through expansion andcapital expenditures. Satisfactorily defended your position.Thoroughly determined which capital budgeting ratio is appropriate for Durango to evaluate itsproposals for capital expenditures, such as NPV, IRR, etc., given the strategy to increase revenueduring the five (5) year plan period, which will need to be achieved through expansion andcapital expenditures. Thoroughly defended your position.4. In order for the company to improve its operational efficiency, recommend which productiondepartments should use process, job order, and activity-based costingall three (3) ofDid not submit or incompletely recommended which production departments should use process,job order, and activity-based costingallPartially recommended which production departments should use process, job order, andactivity-based costingall three (3) of whichSatisfactorily recommended which production departments should use process, job order, andactivity-based costingall three (3) of whichThoroughly recommended which production departments should use process, job order, andactivity-based costingall three (3) of which must be implemented within Durango. Defendyour choice for each department.Weight: 10%three (3) of which must be implemented within Durango, in order for the company to improve itsoperational efficiency. Did not submit or incompletely defended your choice for eachdepartment.must be implemented within Durango, in order for the company to improve its operationalefficiency. Partially defended your choice for each department.must be implemented within Durango, in order for the company to improve its operationalefficiency. Satisfactorily defended your choice for each department.must be implemented within Durango, in order for the company to improve its operationalefficiency. Thoroughly defended your choice for each department.5. Create an argument either for or against outsourcing the manufacturing operation to a foreigncountry. Your argument should include key points that support your position. The key pointsshould address economic and business management aspects related to outsourcing.Weight: 10%Did not submit or incompletely created an argument either for or against outsourcing themanufacturing operation to a foreign country. Did not submit or incompletely included keypoints that support your position. Did not submit or incompletely addressed economic andbusiness management aspects related to outsourcing.Partially created an argument either for or against outsourcing the manufacturing operation to aforeign country. Partially included key points that support your position. Partially addressedeconomic and business management aspects related to outsourcing.Satisfactorily created an argument either for or against outsourcing the manufacturing operationto a foreign country. Satisfactorily included key points that support your position. Satisfactorilyaddressed economic and business management aspects related to outsourcing.Thoroughly created an argument either for or against outsourcing the manufacturing operation toa foreign country. Thoroughly included key points that support your position. Thoroughlyaddressed economic and business management aspects related to outsourcing.6. Predict the economic and business environment over the next five (5) years, indicating at leasttwo (2) ways it may impact Durango Manufacturing Companys ability to achieve the desired10% growth in revenue. Provide support for your prediction.Weight: 10%Did not submit or incompletely predicted the economic and business environment over the nextfive (5) years, indicating at least two (2) ways it may impact Durango Manufacturing Companysability to achieve the desired 10% growth in revenue. Did not submit or incompletely providedsupport for your prediction.Partially predicted the economic and business environment over the next five (5) years,indicating at least two (2) ways it may impact Durango Manufacturing Companys ability toachieve the desired 10% growth in revenue. Partially provided support for your prediction.Satisfactorily predicted the economic and business environment over the next five (5) years,indicating at least two (2) ways it may impact Durango Manufacturing Companys ability toachieve the desired 10% growth in revenue. Satisfactorily provided support for your prediction.Thoroughly predicted the economic and business environment over the next five (5) years,indicating at least two (2) ways it may impact Durango Manufacturing Companys ability toachieve the desired 10% growth in revenue. Thoroughly provided support for your prediction.7. Formulate a strategy to improve the opportunities for Durango to reach its revenue goals (i.e.,increase revenue by 10% withinDid not submit or incompletely formulated a strategy to improve the opportunities for Durangoto reachPartially formulated a strategy to improve the opportunities for Durango to reach its revenuegoalsSatisfactorily formulated a strategy to improve the opportunities for Durango to reach its revenuegoalsThoroughly formulated a strategy to improve the opportunities for Durango to reach its revenuegoalsfive [5] years).Weight: 10%its revenue goals (i.e., increase revenue by 10% within five [5] years).(i.e., increase revenue by 10% within five [5] years).(i.e., increase revenue by 10% within five [5] years).(i.e., increase revenue by 10% within five [5] years).8. Use the Internet to research a company similar to Durango that has been accused ofcommitting fraud. Determine the specific internal control that was defective, along with aspectsof corporate cultural environment that contributed to the fraud or unethical behavior. Based onthese findings, determine how improving this internal control failure can mitigate future risks.Weight: 10%Did not submit or incompletely used the Internet to research a company similar to Durango thathas been accused of committing fraud. Did not submit or incompletely determined the specificinternal control that was defective, along with aspects of corporate cultural environment thatcontributed to the fraud or unethical behavior. Did not submit or incompletely determined howimproving this internal control failure can mitigate future risk, based on these findings.Partially used the Internet to research a company similar to Durango that has been accused ofcommitting fraud. Partially determined the specific internal control that was defective, alongwith aspects of corporate cultural environment that contributed to the fraud or unethical behavior.Partially determined how improving this internal control failure can mitigate future risk, basedon these findings.Satisfactorily used the Internet to research a company similar to Durango that has been accusedof committing fraud. Satisfactorily determined the specific internal control that was defective,along with aspects of corporate cultural environment that contributed to the fraud or unethicalbehavior. Satisfactorily determined how improving this internal control failure can mitigatefuture risk, based on these findings.Thoroughly used the Internet to research a company similar to Durango that has been accused ofcommitting fraud. Thoroughly determined the specific internal control that was defective, alongwith aspects of corporate cultural environment that contributed to the fraud or unethical behavior.Thoroughly determined how improving this internal control failure can mitigate future risk,based on these findings.9. Assess the potential for fraud within Durango based on the lack of IT controls, and determineat least two (2) ways Durango will structure its internal IT controls to ensure that such controlsare effective in detecting fraudulent transactions.Weight: 10%Did not submit or incompletely assessed the potential for fraud within Durango based on the lackof IT controls, did not submit or incompletely determined at least two (2) ways Durango willstructure its internal IT controls to ensure that such controls are effective in detecting fraudulenttransactions.Partially assessed the potential for fraud within Durango based on the lack of IT controls,partially determined at least two (2) ways Durango will structure its internal IT controls to ensurethat such controls are effective in detecting fraudulent transactions.Satisfactorily assessed the potential for fraud within Durango based on the lack of IT controls,satisfactorily determined at least two (2) ways Durango will structure its internal IT controls toensure that such controls are effective in detecting fraudulent transactions.Thoroughly assessed the potential for fraud within Durango based on the lack of IT controls,thoroughly determined at least two (2) ways Durango will structure its internal IT controls toensure that such controls are effective in detecting fraudulent transactions.10. Examine the current roles and responsibilities of Durangos audit committee members, andpropose a model for your company to improve the effectiveness of the audit committee and thusensure effectiveDid not submit or incompletely examined the current roles and responsibilities of Durangosaudit committee members, did not submit orPartially examined the current roles and responsibilities of Durangos audit committee members,partially proposed a model for your company to improve theSatisfactorily examined the current roles and responsibilities of Durangos audit committeemembers, satisfactorily proposed a modelThoroughly examined the current roles and responsibilities of Durangos audit committeemembers, thoroughly proposed a modeland may not be copied, further distributed, or otherwise disclosed in whole or in part, without theexpressed written permission ofcorporate governance.Weight: 10%incompletely proposed a model for your company to improve the effectiveness of the auditcommittee and thus ensure effective corporate governance.effectiveness of the audit committee and thus ensure effective corporate governance.for your company to improve the effectiveness of the audit committee and thus ensure effectivecorporate governance.for your company to improve the effectiveness of the audit committee and thus ensure effectivecorporate governance.11. 6 referencesWeight: 5%No references providedDoes not meet the required number of references, some or all references poor quality choices.Meets number of required references, all references high quality choices.Exceeds number of required references, all references high quality choices.12. Clarity, writing mechanics, and formatting requirementsWeight: 10%More than 6 errors present5-6 errors present3-4 errors present0-2 errors present

 

Paper#39379 | Written in 18-Jul-2015

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