This assignment is the first of a weekly assignment where we build a cost accounting structure piece by piece. In the end you will have a portfolio that could be used to approach, design, and implement for any business.

Use the following prompt to write a $1$pg executive summary as if you were presenting to a CEO of a company:

You have been hired as a financial executive for a mid$-$sized manufacturing company. The CEO has tasked you with reviewing, designing, and implementing a cost accounting process$/$procedure to improve the business. The company has little knowledge of cost accounting so they have requested a detailed explanation of all phases. They are currently experiencing record sales but the profit has been worse that before.

Using the concepts in Ch $1$&$2$ please write a $1$pg executive summary detailing what cost accounting is$,$ what the main terminology used is$,$ and in general an introduction based on key points from ch$2.$ The assignment submitted needs to include graphics or charts to emphasize your point.