University of Lethbridge
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Managerial Accounting Challenge

MGT 4130
Closed
University of Lethbridge
University of Lethbridge
Lethbridge, Alberta, Canada
GG
George Gonzalez
Associate Professor
(1)
2
Timeline
  • October 4, 2020
    Experience start
  • October 6, 2020
    Meeting with Instructor
  • October 13, 2020
    Student Briefing Meeting
  • December 5, 2020
    Experience end
General
  • Undergraduate; 4th year
  • 20 learners; teams of 2
  • 20 hours per learner
  • Dates set by experience
  • Learners self-assign
Preferred companies
  • 4/4 project matches
  • Anywhere
  • Academic experience
  • Any
  • Any
Categories
General Accounting Product or service launch
Skills
business consulting writing business services
Project timeline
  • October 4, 2020
    Experience start
  • October 6, 2020
    Meeting with Instructor
  • October 13, 2020
    Student Briefing Meeting
  • December 5, 2020
    Experience end
Overview
What is the main goal for this project?

Do you have a challenge in managerial accounting that you would like to tackle? Student-consultants will work with your organization on an applied managerial accounting challenge of your choosing. Possible areas include: activity-based costing; budgeting; cash flow; cost-volume-profit; inventory management; job costing; activity-based costing; variance analysis,. Students will call on their knowledge of these and other management accounting tools and techniques to analyze your organization's unique situation and provide insights on decisions around efficiently managing your company’s operations. We'll start with an initial interview with the instructor to determine your most pressing needs. Depending on those needs, our student teams will either work on separate analyses or each team will work on the same analysis simultaneously and independently from each other.

Learner skills
Business consulting, Writing, Business services
What tasks will learners need to complete to achieve the project goal?

Each student team will submit a report, the length and content of which will vary depending on your chosen project scope.

The final project deliverables might include:

  1. 10-15 minute virtual oral presentation of key findings and recommendations
  2. Submission to you of the slide deck along with speaking notes
  3. A detailed report including applicable research, analysis, insights, and recommendations
Project Examples

Beginning in October, eight to ten teams of student-consultants will work on an applied managerial accounting project of as agreed upon between you and the instructor. Based on your needs and their in-depth research, they will provide analysis and actionable recommendations.

The follow description of my course is just an initial starting point for the types of projects my students can work on. We are quite flexible in this area. If you have a project that you feel a team of managerial accounting students can work on but is not listed here, please submit a request and we can discuss the fit together. Projects can vary based on your company's needs.

Examples may include but are not limited to the following:

  • Providing advice on implementing a cost/management system for a growing enterprise
  • Analyzing your company’s revenues and product pricing structure
  • Analyzing your company’s past and projected cash flows
  • Analyzing company inventory accounting
  • Analyzing and creating projections on a budgeting or forecast basis
  • Performing variance analysis of historic versus budgeted amounts
  • Analyzing and raise potential questions before your company faces real investors
Additional company criteria

Companies must answer the following questions to submit a match request to this experience:

Provide accounting data that the students will require to complete the work.

Have a one-hour initial interview with instructor, and a one-hour kick-off interview with students to fill them in on your company and the planned project.

Provide a dedicated contact person to answer questions that may arise or provide additional information over the course of the project.

Provide an opportunity for students to present their work and receive feedback.