Assignment: Costing Systems
Imagine that the CFO of a new start-up company has hired your consulting team to provide insights on whether to implement a job order costing or process costing system. The CFO has invited your team to attend the next executive management meeting to unpack the differences between these two costing systems so they can make an informed decision.
Create an original PowerPoint presentation that is brief, professional, easy to understand, and addresses the criteria below:
i. Define each costing system.
ii. Compare/contrast the two costing methods on a minimum of four different characteristics.
iii. List three questions/considerations that will be key to the executive's decision regarding which costing system to adopt.
iv. Which costing method would your consulting team recommend and why? Be specific citing a minimum of four different reasons.
v. Include a minimum of four references and an APA-style reference slide.
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.