Date of Award
Bachelor of Arts (B.A.) in Business Administration: Accounting and University Honors
Managerial accounting, Small business -- Accounting, Small business -- Management
This thesis is based on work done with a small local business. The business presented needs for managerial accounting tools that would be useful in optimizing costs and expanding business beyond the local market. The literature review focused on topics surrounding costing tools and methods and strategic management in accounting for small businesses. It was found that with modifications that make costing tools more manageable for small businesses, they can play a beneficial part in a business' overall strategy. Through research and discussions with the Client, recommendations were developed focusing on job costing and strategic management for small businesses. For job costing, a spreadsheet was developed based on the job costing method that would allow for book titles to be looked at separately and list out the costs associated with a print run of books. The benefits of creating this spreadsheet is that it gives the client a chance to look at any costs that may be incurred when printing and later selling books. As each book has its own market, the spreadsheet allows for costs to be allocated based on each book title rather than on all the books together. In strategic management, it was recommended that the client to take a deeper look at their financial statements, particularly their balance sheets and income statement. The benefit to doing so is that it gives the client a chance to step back after a publishing season and look at their progress.
Wong, Ivy, "Managerial Accounting Strategies for Optimal Costs" (2018). University Honors Theses. Paper 595.