I am having trouble coming up with an idea for an Accounting Class Project. We must come up with a real life financial situation and perform a detailed financial analysis using financial tools from the course. Two examples given would be lease vs buy a car or rent vs buy a condo. Calculations required would be NPV, IRR, Payback, Accrual Accounting Rate of Return. Any ideas for "situation" that would fit this type of analysis other than those already provided? They could be a personal financial decision or for a family or family business.© BrainMass Inc. brainmass.com October 25, 2018, 5:06 am ad1c9bdddf
In order to perform the financial analysis required, you will need good quantitative data. It might make more sense to select a comparison where good data can be obtained rather than having to manufacture your own only to find that the results are not meaningful.
In following that idea, I would broaden my view to allow for better analysis and team involvement. Here are a couple ...
The solution provides three ideas for an accounting project, and each is explained in a full paragraph.
Cost Estimation Models and Methodologies
I need help gathering info about various cost estimation models and methodologies at both the macro and micro levels of the work breakdown structure.
Discuss the relationship of the life cycle cost analysis to the various financial statements used by firms.
Write a report to the supply chain team that explains the three basic concepts that are used for estimating the cost of ownership for a single option or in comparing multiple options. Because you are a respected member of the finance department, it would also be best if you discussed the relationship between these cost estimation concepts and a company's financial statements in the report.
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