Training—Accounting Tools and Practices (Assignment W3 – 5010)
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Training—Accounting Tools and Practices (Assignment W3 – 5010)
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Training—Accounting Tools and Practices (Assignment W3 – 5010) .The organization you work for is Urban Outfitters. Use the U.S. Securities and Exchange Commission site linked in Resources to find the Urban Outfitter’s 2016–2017 financial statement’s summary of significant accounting policies. Look at the data for 2015, 2016, and 2017 for the following examples of essential elements you need to cover with John and ensure his understanding.
- Examine the criteria used to expense and capitalize advertising costs and where these costs appear in the financial statement.
- Store opening costs.Examine how store opening and organization costs were handled and where these costs appear in the financial statement.
- Website development costs.Examine the approaches taken during the application and infrastructure development stage and the planning and operating stage.
Training Materials
As you prepare your training materials for John, use the examples you collected from the company’s Notes to financial documents to illustrate how you address the following items:
- Explain how one or more of the following costs are captured:
- Analyze the importance of Notes to financial statements in interpreting financial statements.
- Explain how the accounting method the company uses affects the financial statements.
- Explain how the financial statements would differ if another method were used to capture the costs.
- If you have a preference for capitalizing or expensing these costs, explain why it is your preference.
Training—Accounting Tools and Practices (Assignment W3 – 5010)
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Deliverable Format
Leadership has asked that you develop either a training deck or a training manual that you will use with John and that can be deployed with other new hires as well. Regardless of the format selected, the information should address the points identified above and with detailed explanations within the notes areas of slides or within the training manual text. It will also be helpful to include information in regard to why each item is important to the organization as well as the success of the new district manager.
To use your time and John’s time wisely, be conscientious about providing thorough yet concise information. These materials are expected to be used by others for future training needs, so make sure they are well organized and clear.
Training materials requirements:
- 12–15 slides for a training deck. Include additional details as slide notes.
- 3–4 pages for a training manual.
Training—Accounting Tools and Practices (Assignment W3 – 5010)
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