Methods of Calculating Depreciation and Cost-Volume- Profit Analysis - Management Accounting Assignment Help

Assignment Task

PROJECT OBJECTIVE
This project seeks to help you (as a student) integrate language competence, computer literacy, business maths skills, ethical research process and objective reporting, and accounting skills in a practical, rather than abstract assessment. Examples of the competencies the project contains:
BEA – effective, critical reading and research skills; structured, logical, grammatically correct writing skills, and communication, presentation skills)
Computer skills – (Effective use of Word, Excel, and PowerPoint).
Accounting – pervasive terminology (capital, income and expenses)
Business Maths: Partnerships, statistics, amortization, methods of calculating depreciation and Cost-Volume- Profit analysis.
DRAFT TERMS OF REFERENCE OF THE PROJECT

• Identify a product/service you would like to sell/supply. The process of identification of the product/ must be preceded by comparing three products for consideration. Do the following:
• Prepare and conduct a survey of 20 potential customers before you make a choice
• Illustrate, by means of graphs and tables, the results and provide an analysis to justify the chosen product. Include some statistics in your analysis such as measures of central tendency and/or dispersion, etc. Your illustration needs to include at least one measure of central and one measure of dispersion.
• Determine, on the above basis, where your business will be located
• Establish the amount of capital that should be raised to start the business. Consider information from the internet platforms (websites, YouTube, etc.) on the most basic things needed to start a business to justify your proposed and projected capital.
• Research different sources from which you can raise the capital (personal, loans, etc.)
• By review of three literature sources of information, advise which source is better and why a business loan is the sort-out option for raising capital.  Review and make a comparison of three financial institutions offers.
• Interview 5 people who may have any other information you need for purposes of making the right choices about the product / service, starting a business, challenges of starting a business, etc.
• Explore three existing business organograms and illustrate and justify the organogram chosen for your business model.
• Devise a proposed budget for the next three years on the following:
• Fixed costs and variable costs
• Incomes and expenses
• Product pricing (supposing that inflation rate increases by 2% in 2022 and decreases by a percentage point in the last quarter of 2023)
• Interest payments (supposing that interest rates remain unchanged in 2021, go up by 1% in 2022, and then go up by 1.5% in 2023)
• Assets, depreciation
• Choose one asset: movable or immovable.
• Assume that the rate of depreciation is 1.7% per trimester.
• Choose two methods of calculating depreciation and prepare a depreciation schedule.
• Conduct a Cost-Volume- Profit analysis for the product or service you are offering.
• Prepare and interpret a cost-volume-profit (CVP) graph
• Determine the break-even point (in units).
• Determine the level of sales needed to achieve a desired target profit.
• Prepare a power point presentation (NB: For BEA122 this will be examined and weighted separately under the Test two 2 weight)
• NB: you are to submit a provisional report the first on 23 September 2021 and a final report on 22 October 2021.
• SPECIFIC REQUIREMENTS
• Provide the
• Project the title and compilers of the project in the first page
• Letter of transmittal
• An executive summary/abstract (purpose, method, finding, recommendation) in a single page
• Acknowledgements
• Table of contents with list of figures and tables
• Appendices
• Letter of request to conduct interview (Appendix A, Appendix B, etc.)
• Letter of request to conduct questionnaire
• Interview guide template
• Questionnaire template
• Meeting minutes of the group
• Turnitin Plagiarism report
• Illustrations must be in the content sections they illustrate, not in the appendices
• TECHNICAL REQUIREMENTS
• Use Georgia as a font name
• 1.5. line spacing
• Distribute your text evenly between the margins to make it look crisp and polished
• Number your preliminary pages by roman figures (i, ii, etc.), and number your actual content (from introduction to the list of references) using numbers (1, 2, etc.).
• Your font size must be 10 for captions
• Captions must be written in italics
• All headings and sub-headings must be numbered accordingly. DO NOT WRITE headings in CAPITAL LETTERS.

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