Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 17

Assume that you are preparing for a second interview with a manufacturing company. The company is impressed with your credentials but has indicated that it has several qualified applicants. You anticipate that in this second interview, you must show what you offer over other candidates. You learn the company currently uses a periodic inventory system and is not satisfied with the timeliness of its information and its inventory management. The company manufactures custom-order holiday decorations and display items. To show your abilities, you plan to recommend that it use a cost accounting system.
Required
In preparation for the interview, prepare notes outlining the following:
1. Your cost accounting system recommendation and why it is suitable for this company.
2. A general description of the documents that the proposed cost accounting system requires.
3. How the documents in part 2 facilitate the operation of the cost accounting system.