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Part 1: Role play scenario
You are the accountant at a manufacturer of office furniture. The production manager has asked to see you to discuss the following:
What the difference is between FIFO and Weighted Average?
How can the production department provide better information to the accounting department so the accounts department can provide better costing and budget reports?
How can the accounts department improve the format and structure of the costing and budget reports?
Your task is to participate in the role play, acting as the accountant, and discuss the above points in a question and answer style discussion.
Use the space below to make notes and/or a script that you will use during the role-play.
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