"Cost accounting and managementCAPSTONE PROJECTUNIVERSITY NAME:PROFFESOR’S NAME: STUDENT’S NAME:DATE:Cost accounting and managementCAPSTONE PROJECTCapstone project reportIssues regarding accountingToday’s it is very important to make good decision or choices in regard to the preparation of financialstatements. Accounting issues must be solved in a effective manner to bring desirable results. Companymust provide the authentic and trustworthy information to its employees, clients, investors and customers. ? In a company, there can be fraud with the financial statements.Misrepresentation offinancial information is one biggest issue in any company. It may break the trust of theinvestors and make them to stop investing in the respective company.? The most common issue is misappropriation of asset. It usually means use of thecompany assets for the personal use or say other than company interest. For ex : if anemployee use office assets like cash, furniture for the personal use. In this case,misappropriation is occurred.? There are companies who hide the important financial information or statement frominvestors to let them continuous investment. Fraudulent information makes employees toleave the company. Hiding financial information restricts people to join company orinvestors to stop company. ? Misrepresentation of financial information may put the company in criminal matters.Legal action on the company may ruin its reputation in the market. Issues regarding management and public problemsWhile setting up of a new business, we need to cope up with all issues regarding management and publicrelation. Public issues are fairly like keep an eye on specific issues that may ruin your business reputation.Unbalanced management may give unexpected negative results to your business. It is very important tobalance it before it ruined everything. For creating realistic opinions it’s good to maintain healthy public Cost accounting and managementCAPSTONE PROJECTrelations. When an employee feels underrated or unappreciated, this may put them in situation whichdiscourages them to work actively. Sometime getting no time for the family or having long working hoursmake employees unhappy which brings negative results. Low pay is the main issue for the companymanagement. Company must may fair pay to the employees and worth training.Examples? Suppose you have a bakery in your locality. A customer ordered vanilla cake but at the last timeyou delivered chocolate cake. If customers sue your bakery for wrong delivery may destroy therepo and sales of the bakery.? To increase the sales of your company, you have to make good communication with the localcustomer for their feedback. Direct communication with the perspective customer brings morepositive results to you. So, it’s important to maintain public relation.There are many issues in workplace related to employees, salary, customer queries etc.its leaders duty tosolve it and make problem solving environment in the workplace. First we need to identify andunderstand what the problem actually is. Leaders should keep an eye on every employee interest to bringpositive results. Then, the leaders must opt suitable option to cut the specific issue. He/she must listen tothe all employees to make them more confident or work in a efficient manner. Listening to theiropinioned will encourage them to work more.Leaders must opt that option which completes thecompany goal. Take opinion from every individual and then analyze the plus and negative points to makebetter decision. After taking the points into the consideration, select the best option from the bundle of theoptions. It is very important for any company to follow a discipline process when the problem is toodifficult. Companies must agree upon agreement which is changeable in nature. Because nobody neverthat what will happen in future. Future contingencies can never be known. Company decision makers Cost accounting and managementCAPSTONE PROJECTmust make agreement after taking every point into consideration. Healthy agreement will give companypositive results and to grow rapidly in a peaceful environment.Strategies for issues regarding managementStrategies for issues regarding management helps senior to use company resources in a efficient manner.A management strategy is like a roadmap in which all the people connected to the company has to walkon it. Some of the strategies are:? Company must know how to make good decisions on proper time. Punctuality is the keyfor the successful growth of the business.? Company must know which task is consuming more time and which task is consumingless time. Task which takes more time must be analyze properly. Maintaining a time loghelps to get more things done in less time.? Company must do investment in right direction. One should be very careful while doingany big investment.Investing money on things which bring large profits should be thecompany’s priority.? Leaders must take employees queries as their priority. Avoiding employee queries maydiscourage them to work. There should be proper communication between the differentlevels of employees.? Leaders must show respect to the every employee opinion. They should support creativityof every employee. "