For this Assignment, you will take on the role of a consultant and provide two reports on using accounting information for decision making to a fictitious organization so it can better prepare for the future. This week, you will submit the first report, which will focus on financial information and budgeting. Next week, you will submit the second report, which will focus on performance reports and balanced scorecards.<\/p>\n
AMcarParts, Inc., a midsize manufacturer of after-market automotive parts, has had an unexpected amount of turnover in its leadership staff, leaving the owners in need of someone who can help them understand accounting concepts, such as strategic planning, budgeting, and forecasting. You have been hired as a consultant to help the owners understand this information for future planning and to assist them with some immediate budgeting needs and concerns.<\/p>\n
The product of your analysis will be a business report on using accounting information for decision making that would be delivered to the owners of a midsize manufacturer. In addition to the requirements that follow, be sure to incorporate references to appropriate academic sources<\/p>\n
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For this part of your business report, you are to provide an analysis on financial statements, strategic planning, budgeting, and forecasting. In the context of this Assignment, the organization\u2019s leaders would use this information to develop their draft budget, which they would then provide to you for the budget preparation. In your analysis, address the following:<\/p>\n
For this part of your business report, you will prepare a budget in Excel and demonstrate how it was developed. You will use the organization\u2019s year-end income statement and ideas the company has for the upcoming year. Be sure to address the following:<\/p>\n