You are required to prepare and present a group project and report as per the following guidelines;

1. Select a company of any business or sector.
2. Arrange an interview with the accountant, controller or any other officer of the accounting department.
3. The interaction may include following question;

1. Whether the company is there into merchandising, service or manufacturing activities?
2. What are the primary products & services?
3. What are various fixed cost that the company incurs?
4. What are the various variable cost that the company incurs?
5. What process company uses to determine the price of the product or services?
6. How does the company manage the inventory? Which technique they adopt for inventory management? How they measure the inventory cost?
7. What is the cost structure of the company? Whether the company relies more on fixed or variable cost?
8. What are the various indirect expenses that the company encounters?
9. How an investment decision is analyzed? What are the risk return criterion used?
10. Whether the product offerings of the company changed recently? If yes, what factors induced those changes?

Using the questions given or any other information provided prepare & submit a group project report including the following sections:

1. Introduction
2. Company Details
3. Recommendation
4. Conclusion
5. References

Answer rating: 100% (QA)

Answer INTRODUCTION Accounting is the process of recording classifying and summarizing financial transactions to provide information that is useful in ... View the full answer