Date of Award
Small business -- Accounting, Managerial accounting, Small business -- Management
During the spring term of 2017, I worked with a local microbusiness in my Business Capstone class. This microbusiness presented a distinct need for managerial accounting tools with difficulties managing their cost of goods and understanding profitability of their products. I conducted a literature review surrounding two main topics: product costing tools and performance measurement tools for small businesses. I found that while many of these tools can become too complex for a small business to maintain, they can be useful if they are simplified and made more manageable. Through my research and discussions with the Capstone client, I developed two main recommendations regarding product costing and performance measurement for microbusinesses.
Beard, Sydney A., "Modifying Managerial Accounting Tools for Microbusiness Practices" (2017). University Honors Theses. Paper 383.