This essay focuses on accounting tools including an income statement. This portfolio work project will help you to not only better understand commonly used accounting tools, but it will also give you the opportunity to use your skills and experience by preparing training materials to train someone else.

accounting tools including an income statement.

Develop either a training deck (12-15 slides) or training manual (3-4 pages) to ensure new hires have a solid understanding of income statements, balance sheets, and the elements that go into them.

Introduction

This portfolio work project will help you to not only better understand commonly used accounting tools, but it will also give you the opportunity to use your skills and experience by preparing training materials to train someone else.

This essay focuses on accounting tools including an income statement. This portfolio work project will help you to not only better understand commonly use accounting tools, but it will also give you the opportunity to use your skills and experience by preparing training materials to train someone else.

You work for an organization that is seeking growth and recently has hired new district managers to assist in this growth. In talking to other regional managers, you have heard that some district managers do not have a thorough understanding of commonly used accounting tools including an income statement and balance sheet.

You have a new district manager hire, John, and see the need to do some training with him so he has a solid understanding of income statements, balance sheets, and the elements that go into them, including advertising costs, Web development costs, and store opening costs.

Moreover, you have determine  that the use of examples (a picture is worth a thousand words) can be a great approach to use. So you have decided to gather some examples from the company’s summary of significant accounting policies from its latest financial statements.

You may apply this scenario to either Option 1 or Option 2, described in Requirements below

Your Role
You are a regional manager for Urban Outfitters or your select organization and oversee a number of districts. You have recently brought a new district manager on board and want to ensure he has the knowledge and tools need to effectively do his job.

Requirements

Option 1:
The organization you work for is Urban Outfitters. Use the U.S. Securities and Exchange Commission website to find the Urban Outfitter’s 2016–2017 financial statement’s summary of significant accounting policies.

Firstly,    Advertising. Examine the criteria used to expense and capitalize advertising costs and where these costs appear in the financial statement.

Secondly,     Store opening costs. Examine how store opening and organization costs were handled and where these costs appear in the financial statement.

Thirdly,     Website development costs. Examine the approaches taken during the application and infrastructure development stage and the planning and operating stage.

Option 2:
Use a firm or scenario of your choosing.
Before choosing a company, read the assessment thoroughly to ensure:

Firstly,  The company fits the assessment requirements.
Include this information in the appendix for reference.
Thirdly,    You can distribute the data without disclosing confidential company information.

Deliverable Format

Further,    In addition to the training deck or manual materials, include:

Title (slide or page).
References (slide or page).
Appendix with supporting materials.

 Evaluation

Additionally, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria: