Cost Accounting Proposal for a new online business unit
Your team has been asked to present a proposal to management for developing a cost accounting system for the new online business unit of a merchandising company. Your final system must contain features designed to support the ability of both the new online business unit and the parent unit to measure the performance of the new business. When the project is implemented, your team will help develop the organizational strategy and manage the accounting control/cost systems needed for success.
a. Compare and contrast various approaches to benchmarking for business planning and control and recommend an approach for the new online business unit.400-500 words
b. Compare and contrast various approaches for measuring a division's income and invested capital and select an approach to use for the new online business unit.400-500 words