Gatsby Manufacturing, A Managerial Accounting Project
This project is an integrative case that provides hands-on exposure to a job costing system for a mid-sized manufacturing company and includes six active-learning assignments. Students will:
- prepare and trace source documents
- record transactions in job cost records
- reconcile inventory and overhead control accounts
- prepare financial statements
Students can journalize and post transactions to an accounting information system and/or build on this information to address “what if” managerial questions about variable costing, alternative overhead drivers, budgeting for operations, variances, capital expenditures, and internal controls. Students will “learn by doing.” A convenient envelope holds two components of the project:
- Booklet—with background material, assignments with questions and problems, core concept reviews, journal and ledger pages, and financial statement templates
- Documents folder—with divider tabs for filing the source documents into the following categories: accounting, job cost sheets, to/from outsiders, and financial statements
Pick and choose, some or all, from six student assignments with relatable, real-world examples to engage students’ interest. Each assignment comes in manual or Excel options, as well as alternate solution versions. Students can submit answers to homework online, as well as upload Excel files. Armond Dalton’s website automatically grades answers and easily exports to a course management system.
An overview of assignments with related Core Concept Reviews that serve as a quick reference of the underlying concepts developed in principles of managerial accounting textbooks.