Tag: Business & Finance

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    Compare two types of leases, and describe the advantages and disadvantages of each. Which type of lease would produce the lowest risk?

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    In your firm, what benefits does leasing offer compared to the purchase of an asset? Provide examples.

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  • [Solved] HRM 6303 Unit IV SA

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    – ## TrainingandDevelopmentHRM6303UnitIVScholarlyActivity.docx – ## UnitIVStudyGuide.pdf **## TrainingandDevelopmentHRM6303UnitIVScholarlyActivity.docx** 2 Training and Development HRM 6303 Unit IV SA We learned about various training delivery methods and the categories to which they belong. Which a…

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    – ## TrainingandDevelopmentHRM6303UnitIVScholarlyActivity.docx

    – ## UnitIVStudyGuide.pdf

    **## TrainingandDevelopmentHRM6303UnitIVScholarlyActivity.docx**

    2

    Training and Development HRM 6303 Unit IV SA

    We learned about various training delivery methods and the categories to which they belong. Which approach suits you best when retaining knowledge—cognitive or behavioral? Explain your choice. Also, how did the COVID-19 pandemic impact how training is delivered? Has it changed? What training delivery methods are being utilized for learning?

    Your assignment should be a minimum of 500 words in length with at least one supporting reference.

    **## UnitIVStudyGuide.pdf**

    HRM 6303, Training and Development 1

    Course Learning Outcomes for Unit IV

    Upon completion of this unit, students should be able to:

    4. Evaluate the application of different delivery systems.
    4.1 Identify factors of knowledge retention.
    4.2 Assess delivery methods used for teaching adult learners.
    4.3 Explain the importance of certain delivery methods since the COVID-19 pandemic.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Arraya, M. A. M., & Porfírio, J. A. (2017). Training delivery methods as source of dynamic capabilities: The

    case of sports’ organisations. European Journal of Training and Development, 41(4), 354–372.
    https://search-proquest-
    com.libraryresources.columbiasouthern.edu/docview/1913332273?accountid=33337

    Seven Dimensions (Producer). (2015). Training and learning every day (Segment 3 of 11) [Video]. In A

    formula for team success. Films on Demand.
    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93337&loid=374023

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    During the pandemic, most employees worked remotely unless they were considered essential workers (vital
    to operations), but learning and training still had to move forward in organizations. In an effort to meet the
    need, most organizations focused on virtual and online training delivery methods for remote employees. Since
    the pandemic, eLearning (virtual, online, web-based) training delivery methods have become preferred
    methods of many organizations.

    In this unit, we take a more in-depth look at the various training delivery methods available. As mentioned in
    past units, matching the learner’s style with the delivery method is paramount. Therefore, we will explore the
    two primary approaches to help you narrow down this decision. The two approaches to learning are cognitive
    and behavioral.

    Cognitive Approach

    In the cognitive approach, learning is stimulated through the impact made on cognitive processes such as
    thinking, analyzing, retaining, and recalling information. The cognitive approach to training has a strong
    emphasis on the understanding of concepts and information. The retention of the material and its
    understanding are increased by perceiving the connections between the concepts being learned, breaking
    down the connections, and reconstructing them. There are two critical processes in the cognitive approach to
    learning, accommodation and assimilation.

    UNIT IV STUDY GUIDE
    Delivery Systems

    HRM 6303, Training and Development 2

    UNIT x STUDY GUIDE
    Title

    With the cognitive approach, the learners control their own learning path. The trainer and the method used to
    deliver the training facilitate the process of learning. Hence, the self-paced learning is typically a viable option
    in the cognitive approach. However, if the learner is not motivated to learn, then the trainer must view the
    design and delivery of the training to ensure that the adult learning concepts are incorporated as suggested in
    Unit II. In the cognitive approach, the learner is active in the process of learning, which is often self-directed
    and self-evaluative. The trainer will act as the facilitator, presenter, and coordinator who will guide the
    learners into discovery, solutions, and different perspectives of information. Delivery methods for the cognitive
    approach include the classroom lecture method, discussions, and eLearning.

    Classroom Lecture Method

    The classroom lecture method is a traditional cognitive delivery approach. In this method, a general
    understanding of a topic is introduced. There are many formats that this method can follow to allow for a
    formal or interactive experience. In the formal approach, learners listen as a trainer gives a lecture on a topic.
    Questions are typically asked toward the end of the lecture, and learners are assessed by activities given by
    the trainer and are also evaluated by the trainer. On the other hand, in an interactive format, the learner and
    trainer are both engaged in learning the material. There is a dynamic, continuous dialogue between the
    learner and the trainer. Given what we know about adult learning, it is wise to ensure that this training format
    be engaging and interactive.

    Discussions

    In the discussion delivery method, a two-way dialogue is taking place between the trainer and the learner.
    Typically, a short 15- to 20-minute lecture is given about a particular topic, and then the learners are asked to
    discuss the topic and the lecture. The trainer supports the discussion by reinforcing the material, expanding
    upon the information presented, and allowing the learners to ask questions. The trainer looks for both verbal
    and nonverbal feedback to assess desired learning. If learning has not occurred, then more time may need to
    be spent on a particular topic.

    eLearning

    If you recall from Unit I, eLearning is the delivery of training that is typically done through electronic media
    such as virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback, and
    suggest supplemental resources and activities. We will explore two eLearning delivery approaches: webinars
    and social media.

    Webinars: As mentioned earlier, technological advances have opened up the number of ways that training
    can be delivered. Web conferencing is a method in which live meetings or presentations can be given over
    the internet from one central location. Webinars are a specific type of web conferencing tool where the
    delivery of training occurs in real time and typically involves a facilitator from one location who communicates
    electronically (i.e., computer, telephone, satellite, or through some other technical mean) with audience
    members who may reside in different locations. This training delivery method is quite popular due to its
    flexibility and cost savings.

    Social media: This is another eLearning approach that has gained much momentum in recent times. Although
    new, some experts believe that social media could be useful in all phases of training and development and

    HRM 6303, Training and Development 3

    UNIT x STUDY GUIDE
    Title

    could fundamentally shift the way training is being delivered today (Leonard, 2015). Some of the uses of
    social media in training are listed below.

    • The use of social intranet platforms to announce scheduled training events is now commonplace. A
    brief message describes content, and then a link can lead to further explanation or a video of the
    training.

    • Social intranet platforms, such as Yammer or Chatter, can be used to conduct getting-to-know-you
    exercises. Participants show up at training events already familiar with each other’s interests and
    backgrounds.

    • Another option is delivering lectures and videos and posting them to video-sharing sites on the
    organization’s intranet.

    • Social media can allow participants to share perspectives and experiences.
    • Support can also be provided for ongoing learning through internal discussion boards where learners

    can collaborate and exchange experiences and ideas.
    • Social media can be used to support post-training collaborative assignments and action plans.
    • Intranet or internet can facilitate opportunities for employees to interact with specialists in their field.
    • Social media can also be used to support alumni networks.

    Behavioral Approach

    The behavioral approach is a delivery method with an emphasis on real-world situations that are simulated to
    mirror the events, processes, and circumstances of a given concept. As mentioned earlier, the adult learner
    learns well through experience, whether that be live or simulated. Learning happens through behaviors
    practiced and exhibited over time. There are several delivery methods in the behavioral approach, which are
    detailed below.

    • Case studies: Participants would apply a new skill/knowledge to a hypothetical case or situation.
    Case studies can simulate historical situations where decision-making is needed. These situations
    can be real or imagined and encourage learners to display the behavior of properly making decisions.

    • Role plays: Participants act out and assume roles to practice appropriate behavior or resolve conflicts
    for various situations. There are two types of role-playing scenarios, which are listed below.
    o Structured role play: In this type of role playing, there is a great deal of information provided about

    the situation. Often, there are scripts involved that provide dialogue among the characters. This
    type of role playing will encourage learners to display traits needed for the given role-playing
    scenario.

    o Unstructured role play: In this type of role playing, the scenario is loosely constructed and free
    flowing. This type of role playing provides insight to the learners on how their behavior impacts
    others.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge. This method allows the learners to apply what they have learned. As the trainer allows the
    learners to practice the skill, the learners begin to develop proficiency in that given skill.

    • In-basket technique: The in-basket technique is a specified role-playing scenario designed to exhibit
    decision-making skills and attitudes. For example, the learners are given information about their role.
    This can be a current or future job. Also, general information about the situation is given. The learners
    are then given a packet of materials, such as complaints, messages, memos, and reports, which
    constitute the in-basket. The learners are then asked to respond to the materials within a few hours.
    When all of the appropriate responses have been given, the trainer will ask the learners to discuss
    the process they took to make the decisions that they did. The trainer will offer feedback in order to
    reinforce behaviors that the learners did well and to provide alternatives for the actions that were not
    done well.

    • Behavior modeling: In this method, an expert will model the behaviors that need to be learned. The
    learners will then practice the behaviors in a structured role play. The trainer will then reinforce the
    behavior and give feedback on areas that need improvement. This method is different from role
    playing in that it gives the learners an example of what the behavior looks like prior to practicing the
    behavior.

    • Coaching: The coaching delivery method is where one-on-one instruction and guidance is given to
    learners to help improve their performance in a given area. Typically, this method is used to aid in
    performance deficiencies, but it can also act as a motivational tool for those who are performing well.

    HRM 6303, Training and Development 4

    UNIT x STUDY GUIDE
    Title

    There are many delivery approaches that can help a trainer deliver the content that needs to be learned. One
    core focus is to ensure that the delivery style is one that is palatable for all learners. The knowledge for this
    comes through the understanding of the various adult learning concepts and then tailoring your delivery
    approach to those concepts.

    Conclusion

    There are two primary approaches in matching the learner’s style with the training delivery method. They are
    the cognitive approach and the behavioral approach. We also learned the classroom lecture method is a
    traditional cognitive delivery approach. Although this delivery method is very much prevalent, eLearning
    (virtual, online, web-based, and even social-media based) has become a preferred training method for many
    organizations. In training delivery, eLearning is not just a trend, it is here to stay.

    Reference

    Leonard, B. (2015, May 20). Social media can enhance employees' learning. Society for Human Resource

    Management [SHRM]. https://www.shrm.org/resourcesandtools/hr-topics/organizational-and-
    employee-development/pages/social-media-value.aspx

    **## UnitIVStudyGuide.pdf**

    HRM 6303, Training and Development 1

    Course Learning Outcomes for Unit IV

    Upon completion of this unit, students should be able to:

    4. Evaluate the application of different delivery systems.
    4.1 Identify factors of knowledge retention.
    4.2 Assess delivery methods used for teaching adult learners.
    4.3 Explain the importance of certain delivery methods since the COVID-19 pandemic.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Arraya, M. A. M., & Porfírio, J. A. (2017). Training delivery methods as source of dynamic capabilities: The

    case of sports’ organisations. European Journal of Training and Development, 41(4), 354–372.
    https://search-proquest-
    com.libraryresources.columbiasouthern.edu/docview/1913332273?accountid=33337

    Seven Dimensions (Producer). (2015). Training and learning every day (Segment 3 of 11) [Video]. In A

    formula for team success. Films on Demand.
    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93337&loid=374023

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    During the pandemic, most employees worked remotely unless they were considered essential workers (vital
    to operations), but learning and training still had to move forward in organizations. In an effort to meet the
    need, most organizations focused on virtual and online training delivery methods for remote employees. Since
    the pandemic, eLearning (virtual, online, web-based) training delivery methods have become preferred
    methods of many organizations.

    In this unit, we take a more in-depth look at the various training delivery methods available. As mentioned in
    past units, matching the learner’s style with the delivery method is paramount. Therefore, we will explore the
    two primary approaches to help you narrow down this decision. The two approaches to learning are cognitive
    and behavioral.

    Cognitive Approach

    In the cognitive approach, learning is stimulated through the impact made on cognitive processes such as
    thinking, analyzing, retaining, and recalling information. The cognitive approach to training has a strong
    emphasis on the understanding of concepts and information. The retention of the material and its
    understanding are increased by perceiving the connections between the concepts being learned, breaking
    down the connections, and reconstructing them. There are two critical processes in the cognitive approach to
    learning, accommodation and assimilation.

    UNIT IV STUDY GUIDE
    Delivery Systems

    HRM 6303, Training and Development 2

    UNIT x STUDY GUIDE
    Title

    With the cognitive approach, the learners control their own learning path. The trainer and the method used to
    deliver the training facilitate the process of learning. Hence, the self-paced learning is typically a viable option
    in the cognitive approach. However, if the learner is not motivated to learn, then the trainer must view the
    design and delivery of the training to ensure that the adult learning concepts are incorporated as suggested in
    Unit II. In the cognitive approach, the learner is active in the process of learning, which is often self-directed
    and self-evaluative. The trainer will act as the facilitator, presenter, and coordinator who will guide the
    learners into discovery, solutions, and different perspectives of information. Delivery methods for the cognitive
    approach include the classroom lecture method, discussions, and eLearning.

    Classroom Lecture Method

    The classroom lecture method is a traditional cognitive delivery approach. In this method, a general
    understanding of a topic is introduced. There are many formats that this method can follow to allow for a
    formal or interactive experience. In the formal approach, learners listen as a trainer gives a lecture on a topic.
    Questions are typically asked toward the end of the lecture, and learners are assessed by activities given by
    the trainer and are also evaluated by the trainer. On the other hand, in an interactive format, the learner and
    trainer are both engaged in learning the material. There is a dynamic, continuous dialogue between the
    learner and the trainer. Given what we know about adult learning, it is wise to ensure that this training format
    be engaging and interactive.

    Discussions

    In the discussion delivery method, a two-way dialogue is taking place between the trainer and the learner.
    Typically, a short 15- to 20-minute lecture is given about a particular topic, and then the learners are asked to
    discuss the topic and the lecture. The trainer supports the discussion by reinforcing the material, expanding
    upon the information presented, and allowing the learners to ask questions. The trainer looks for both verbal
    and nonverbal feedback to assess desired learning. If learning has not occurred, then more time may need to
    be spent on a particular topic.

    eLearning

    If you recall from Unit I, eLearning is the delivery of training that is typically done through electronic media
    such as virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback, and
    suggest supplemental resources and activities. We will explore two eLearning delivery approaches: webinars
    and social media.

    Webinars: As mentioned earlier, technological advances have opened up the number of ways that training
    can be delivered. Web conferencing is a method in which live meetings or presentations can be given over
    the internet from one central location. Webinars are a specific type of web conferencing tool where the
    delivery of training occurs in real time and typically involves a facilitator from one location who communicates
    electronically (i.e., computer, telephone, satellite, or through some other technical mean) with audience
    members who may reside in different locations. This training delivery method is quite popular due to its
    flexibility and cost savings.

    Social media: This is another eLearning approach that has gained much momentum in recent times. Although
    new, some experts believe that social media could be useful in all phases of training and development and

    HRM 6303, Training and Development 3

    UNIT x STUDY GUIDE
    Title

    could fundamentally shift the way training is being delivered today (Leonard, 2015). Some of the uses of
    social media in training are listed below.

    • The use of social intranet platforms to announce scheduled training events is now commonplace. A
    brief message describes content, and then a link can lead to further explanation or a video of the
    training.

    • Social intranet platforms, such as Yammer or Chatter, can be used to conduct getting-to-know-you
    exercises. Participants show up at training events already familiar with each other’s interests and
    backgrounds.

    • Another option is delivering lectures and videos and posting them to video-sharing sites on the
    organization’s intranet.

    • Social media can allow participants to share perspectives and experiences.
    • Support can also be provided for ongoing learning through internal discussion boards where learners

    can collaborate and exchange experiences and ideas.
    • Social media can be used to support post-training collaborative assignments and action plans.
    • Intranet or internet can facilitate opportunities for employees to interact with specialists in their field.
    • Social media can also be used to support alumni networks.

    Behavioral Approach

    The behavioral approach is a delivery method with an emphasis on real-world situations that are simulated to
    mirror the events, processes, and circumstances of a given concept. As mentioned earlier, the adult learner
    learns well through experience, whether that be live or simulated. Learning happens through behaviors
    practiced and exhibited over time. There are several delivery methods in the behavioral approach, which are
    detailed below.

    • Case studies: Participants would apply a new skill/knowledge to a hypothetical case or situation.
    Case studies can simulate historical situations where decision-making is needed. These situations
    can be real or imagined and encourage learners to display the behavior of properly making decisions.

    • Role plays: Participants act out and assume roles to practice appropriate behavior or resolve conflicts
    for various situations. There are two types of role-playing scenarios, which are listed below.
    o Structured role play: In this type of role playing, there is a great deal of information provided about

    the situation. Often, there are scripts involved that provide dialogue among the characters. This
    type of role playing will encourage learners to display traits needed for the given role-playing
    scenario.

    o Unstructured role play: In this type of role playing, the scenario is loosely constructed and free
    flowing. This type of role playing provides insight to the learners on how their behavior impacts
    others.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge. This method allows the learners to apply what they have learned. As the trainer allows the
    learners to practice the skill, the learners begin to develop proficiency in that given skill.

    • In-basket technique: The in-basket technique is a specified role-playing scenario designed to exhibit
    decision-making skills and attitudes. For example, the learners are given information about their role.
    This can be a current or future job. Also, general information about the situation is given. The learners
    are then given a packet of materials, such as complaints, messages, memos, and reports, which
    constitute the in-basket. The learners are then asked to respond to the materials within a few hours.
    When all of the appropriate responses have been given, the trainer will ask the learners to discuss
    the process they took to make the decisions that they did. The trainer will offer feedback in order to
    reinforce behaviors that the learners did well and to provide alternatives for the actions that were not
    done well.

    • Behavior modeling: In this method, an expert will model the behaviors that need to be learned. The
    learners will then practice the behaviors in a structured role play. The trainer will then reinforce the
    behavior and give feedback on areas that need improvement. This method is different from role
    playing in that it gives the learners an example of what the behavior looks like prior to practicing the
    behavior.

    • Coaching: The coaching delivery method is where one-on-one instruction and guidance is given to
    learners to help improve their performance in a given area. Typically, this method is used to aid in
    performance deficiencies, but it can also act as a motivational tool for those who are performing well.

    HRM 6303, Training and Development 4

    UNIT x STUDY GUIDE
    Title

    There are many delivery approaches that can help a trainer deliver the content that needs to be learned. One
    core focus is to ensure that the delivery style is one that is palatable for all learners. The knowledge for this
    comes through the understanding of the various adult learning concepts and then tailoring your delivery
    approach to those concepts.

    Conclusion

    There are two primary approaches in matching the learner’s style with the training delivery method. They are
    the cognitive approach and the behavioral approach. We also learned the classroom lecture method is a
    traditional cognitive delivery approach. Although this delivery method is very much prevalent, eLearning
    (virtual, online, web-based, and even social-media based) has become a preferred training method for many
    organizations. In training delivery, eLearning is not just a trend, it is here to stay.

    Reference

    Leonard, B. (2015, May 20). Social media can enhance employees' learning. Society for Human Resource

    Management [SHRM]. https://www.shrm.org/resourcesandtools/hr-topics/organizational-and-
    employee-development/pages/social-media-value.aspx

    **## TrainingandDevelopmentHRM6303UnitIVScholarlyActivity.docx**

    2

    Training and Development HRM 6303 Unit IV SA

    We learned about various training delivery methods and the categories to which they belong. Which approach suits you best when retaining knowledge—cognitive or behavioral? Explain your choice. Also, how did the COVID-19 pandemic impact how training is delivered? Has it changed? What training delivery methods are being utilized for learning?

    Your assignment should be a minimum of 500 words in length with at least one supporting reference.

    **## UnitIVStudyGuide.pdf**

    HRM 6303, Training and Development 1

    Course Learning Outcomes for Unit IV

    Upon completion of this unit, students should be able to:

    4. Evaluate the application of different delivery systems.
    4.1 Identify factors of knowledge retention.
    4.2 Assess delivery methods used for teaching adult learners.
    4.3 Explain the importance of certain delivery methods since the COVID-19 pandemic.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Arraya, M. A. M., & Porfírio, J. A. (2017). Training delivery methods as source of dynamic capabilities: The

    case of sports’ organisations. European Journal of Training and Development, 41(4), 354–372.
    https://search-proquest-
    com.libraryresources.columbiasouthern.edu/docview/1913332273?accountid=33337

    Seven Dimensions (Producer). (2015). Training and learning every day (Segment 3 of 11) [Video]. In A

    formula for team success. Films on Demand.
    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93337&loid=374023

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    During the pandemic, most employees worked remotely unless they were considered essential workers (vital
    to operations), but learning and training still had to move forward in organizations. In an effort to meet the
    need, most organizations focused on virtual and online training delivery methods for remote employees. Since
    the pandemic, eLearning (virtual, online, web-based) training delivery methods have become preferred
    methods of many organizations.

    In this unit, we take a more in-depth look at the various training delivery methods available. As mentioned in
    past units, matching the learner’s style with the delivery method is paramount. Therefore, we will explore the
    two primary approaches to help you narrow down this decision. The two approaches to learning are cognitive
    and behavioral.

    Cognitive Approach

    In the cognitive approach, learning is stimulated through the impact made on cognitive processes such as
    thinking, analyzing, retaining, and recalling information. The cognitive approach to training has a strong
    emphasis on the understanding of concepts and information. The retention of the material and its
    understanding are increased by perceiving the connections between the concepts being learned, breaking
    down the connections, and reconstructing them. There are two critical processes in the cognitive approach to
    learning, accommodation and assimilation.

    UNIT IV STUDY GUIDE
    Delivery Systems

    HRM 6303, Training and Development 2

    UNIT x STUDY GUIDE
    Title

    With the cognitive approach, the learners control their own learning path. The trainer and the method used to
    deliver the training facilitate the process of learning. Hence, the self-paced learning is typically a viable option
    in the cognitive approach. However, if the learner is not motivated to learn, then the trainer must view the
    design and delivery of the training to ensure that the adult learning concepts are incorporated as suggested in
    Unit II. In the cognitive approach, the learner is active in the process of learning, which is often self-directed
    and self-evaluative. The trainer will act as the facilitator, presenter, and coordinator who will guide the
    learners into discovery, solutions, and different perspectives of information. Delivery methods for the cognitive
    approach include the classroom lecture method, discussions, and eLearning.

    Classroom Lecture Method

    The classroom lecture method is a traditional cognitive delivery approach. In this method, a general
    understanding of a topic is introduced. There are many formats that this method can follow to allow for a
    formal or interactive experience. In the formal approach, learners listen as a trainer gives a lecture on a topic.
    Questions are typically asked toward the end of the lecture, and learners are assessed by activities given by
    the trainer and are also evaluated by the trainer. On the other hand, in an interactive format, the learner and
    trainer are both engaged in learning the material. There is a dynamic, continuous dialogue between the
    learner and the trainer. Given what we know about adult learning, it is wise to ensure that this training format
    be engaging and interactive.

    Discussions

    In the discussion delivery method, a two-way dialogue is taking place between the trainer and the learner.
    Typically, a short 15- to 20-minute lecture is given about a particular topic, and then the learners are asked to
    discuss the topic and the lecture. The trainer supports the discussion by reinforcing the material, expanding
    upon the information presented, and allowing the learners to ask questions. The trainer looks for both verbal
    and nonverbal feedback to assess desired learning. If learning has not occurred, then more time may need to
    be spent on a particular topic.

    eLearning

    If you recall from Unit I, eLearning is the delivery of training that is typically done through electronic media
    such as virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback, and
    suggest supplemental resources and activities. We will explore two eLearning delivery approaches: webinars
    and social media.

    Webinars: As mentioned earlier, technological advances have opened up the number of ways that training
    can be delivered. Web conferencing is a method in which live meetings or presentations can be given over
    the internet from one central location. Webinars are a specific type of web conferencing tool where the
    delivery of training occurs in real time and typically involves a facilitator from one location who communicates
    electronically (i.e., computer, telephone, satellite, or through some other technical mean) with audience
    members who may reside in different locations. This training delivery method is quite popular due to its
    flexibility and cost savings.

    Social media: This is another eLearning approach that has gained much momentum in recent times. Although
    new, some experts believe that social media could be useful in all phases of training and development and

    HRM 6303, Training and Development 3

    UNIT x STUDY GUIDE
    Title

    could fundamentally shift the way training is being delivered today (Leonard, 2015). Some of the uses of
    social media in training are listed below.

    • The use of social intranet platforms to announce scheduled training events is now commonplace. A
    brief message describes content, and then a link can lead to further explanation or a video of the
    training.

    • Social intranet platforms, such as Yammer or Chatter, can be used to conduct getting-to-know-you
    exercises. Participants show up at training events already familiar with each other’s interests and
    backgrounds.

    • Another option is delivering lectures and videos and posting them to video-sharing sites on the
    organization’s intranet.

    • Social media can allow participants to share perspectives and experiences.
    • Support can also be provided for ongoing learning through internal discussion boards where learners

    can collaborate and exchange experiences and ideas.
    • Social media can be used to support post-training collaborative assignments and action plans.
    • Intranet or internet can facilitate opportunities for employees to interact with specialists in their field.
    • Social media can also be used to support alumni networks.

    Behavioral Approach

    The behavioral approach is a delivery method with an emphasis on real-world situations that are simulated to
    mirror the events, processes, and circumstances of a given concept. As mentioned earlier, the adult learner
    learns well through experience, whether that be live or simulated. Learning happens through behaviors
    practiced and exhibited over time. There are several delivery methods in the behavioral approach, which are
    detailed below.

    • Case studies: Participants would apply a new skill/knowledge to a hypothetical case or situation.
    Case studies can simulate historical situations where decision-making is needed. These situations
    can be real or imagined and encourage learners to display the behavior of properly making decisions.

    • Role plays: Participants act out and assume roles to practice appropriate behavior or resolve conflicts
    for various situations. There are two types of role-playing scenarios, which are listed below.
    o Structured role play: In this type of role playing, there is a great deal of information provided about

    the situation. Often, there are scripts involved that provide dialogue among the characters. This
    type of role playing will encourage learners to display traits needed for the given role-playing
    scenario.

    o Unstructured role play: In this type of role playing, the scenario is loosely constructed and free
    flowing. This type of role playing provides insight to the learners on how their behavior impacts
    others.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge. This method allows the learners to apply what they have learned. As the trainer allows the
    learners to practice the skill, the learners begin to develop proficiency in that given skill.

    • In-basket technique: The in-basket technique is a specified role-playing scenario designed to exhibit
    decision-making skills and attitudes. For example, the learners are given information about their role.
    This can be a current or future job. Also, general information about the situation is given. The learners
    are then given a packet of materials, such as complaints, messages, memos, and reports, which
    constitute the in-basket. The learners are then asked to respond to the materials within a few hours.
    When all of the appropriate responses have been given, the trainer will ask the learners to discuss
    the process they took to make the decisions that they did. The trainer will offer feedback in order to
    reinforce behaviors that the learners did well and to provide alternatives for the actions that were not
    done well.

    • Behavior modeling: In this method, an expert will model the behaviors that need to be learned. The
    learners will then practice the behaviors in a structured role play. The trainer will then reinforce the
    behavior and give feedback on areas that need improvement. This method is different from role
    playing in that it gives the learners an example of what the behavior looks like prior to practicing the
    behavior.

    • Coaching: The coaching delivery method is where one-on-one instruction and guidance is given to
    learners to help improve their performance in a given area. Typically, this method is used to aid in
    performance deficiencies, but it can also act as a motivational tool for those who are performing well.

    HRM 6303, Training and Development 4

    UNIT x STUDY GUIDE
    Title

    There are many delivery approaches that can help a trainer deliver the content that needs to be learned. One
    core focus is to ensure that the delivery style is one that is palatable for all learners. The knowledge for this
    comes through the understanding of the various adult learning concepts and then tailoring your delivery
    approach to those concepts.

    Conclusion

    There are two primary approaches in matching the learner’s style with the training delivery method. They are
    the cognitive approach and the behavioral approach. We also learned the classroom lecture method is a
    traditional cognitive delivery approach. Although this delivery method is very much prevalent, eLearning
    (virtual, online, web-based, and even social-media based) has become a preferred training method for many
    organizations. In training delivery, eLearning is not just a trend, it is here to stay.

    Reference

    Leonard, B. (2015, May 20). Social media can enhance employees' learning. Society for Human Resource

    Management [SHRM]. https://www.shrm.org/resourcesandtools/hr-topics/organizational-and-
    employee-development/pages/social-media-value.aspx

    **## TrainingandDevelopmentHRM6303UnitIVScholarlyActivity.docx**

    2

    Training and Development HRM 6303 Unit IV SA

    We learned about various training delivery methods and the categories to which they belong. Which approach suits you best when retaining knowledge—cognitive or behavioral? Explain your choice. Also, how did the COVID-19 pandemic impact how training is delivered? Has it changed? What training delivery methods are being utilized for learning?

    Your assignment should be a minimum of 500 words in length with at least one supporting reference.

    **## UnitIVStudyGuide.pdf**

    HRM 6303, Training and Development 1

    Course Learning Outcomes for Unit IV

    Upon completion of this unit, students should be able to:

    4. Evaluate the application of different delivery systems.
    4.1 Identify factors of knowledge retention.
    4.2 Assess delivery methods used for teaching adult learners.
    4.3 Explain the importance of certain delivery methods since the COVID-19 pandemic.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Arraya, M. A. M., & Porfírio, J. A. (2017). Training delivery methods as source of dynamic capabilities: The

    case of sports’ organisations. European Journal of Training and Development, 41(4), 354–372.
    https://search-proquest-
    com.libraryresources.columbiasouthern.edu/docview/1913332273?accountid=33337

    Seven Dimensions (Producer). (2015). Training and learning every day (Segment 3 of 11) [Video]. In A

    formula for team success. Films on Demand.
    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93337&loid=374023

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    During the pandemic, most employees worked remotely unless they were considered essential workers (vital
    to operations), but learning and training still had to move forward in organizations. In an effort to meet the
    need, most organizations focused on virtual and online training delivery methods for remote employees. Since
    the pandemic, eLearning (virtual, online, web-based) training delivery methods have become preferred
    methods of many organizations.

    In this unit, we take a more in-depth look at the various training delivery methods available. As mentioned in
    past units, matching the learner’s style with the delivery method is paramount. Therefore, we will explore the
    two primary approaches to help you narrow down this decision. The two approaches to learning are cognitive
    and behavioral.

    Cognitive Approach

    In the cognitive approach, learning is stimulated through the impact made on cognitive processes such as
    thinking, analyzing, retaining, and recalling information. The cognitive approach to training has a strong
    emphasis on the understanding of concepts and information. The retention of the material and its
    understanding are increased by perceiving the connections between the concepts being learned, breaking
    down the connections, and reconstructing them. There are two critical processes in the cognitive approach to
    learning, accommodation and assimilation.

    UNIT IV STUDY GUIDE
    Delivery Systems

    HRM 6303, Training and Development 2

    UNIT x STUDY GUIDE
    Title

    With the cognitive approach, the learners control their own learning path. The trainer and the method used to
    deliver the training facilitate the process of learning. Hence, the self-paced learning is typically a viable option
    in the cognitive approach. However, if the learner is not motivated to learn, then the trainer must view the
    design and delivery of the training to ensure that the adult learning concepts are incorporated as suggested in
    Unit II. In the cognitive approach, the learner is active in the process of learning, which is often self-directed
    and self-evaluative. The trainer will act as the facilitator, presenter, and coordinator who will guide the
    learners into discovery, solutions, and different perspectives of information. Delivery methods for the cognitive
    approach include the classroom lecture method, discussions, and eLearning.

    Classroom Lecture Method

    The classroom lecture method is a traditional cognitive delivery approach. In this method, a general
    understanding of a topic is introduced. There are many formats that this method can follow to allow for a
    formal or interactive experience. In the formal approach, learners listen as a trainer gives a lecture on a topic.
    Questions are typically asked toward the end of the lecture, and learners are assessed by activities given by
    the trainer and are also evaluated by the trainer. On the other hand, in an interactive format, the learner and
    trainer are both engaged in learning the material. There is a dynamic, continuous dialogue between the
    learner and the trainer. Given what we know about adult learning, it is wise to ensure that this training format
    be engaging and interactive.

    Discussions

    In the discussion delivery method, a two-way dialogue is taking place between the trainer and the learner.
    Typically, a short 15- to 20-minute lecture is given about a particular topic, and then the learners are asked to
    discuss the topic and the lecture. The trainer supports the discussion by reinforcing the material, expanding
    upon the information presented, and allowing the learners to ask questions. The trainer looks for both verbal
    and nonverbal feedback to assess desired learning. If learning has not occurred, then more time may need to
    be spent on a particular topic.

    eLearning

    If you recall from Unit I, eLearning is the delivery of training that is typically done through electronic media
    such as virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback, and
    suggest supplemental resources and activities. We will explore two eLearning delivery approaches: webinars
    and social media.

    Webinars: As mentioned earlier, technological advances have opened up the number of ways that training
    can be delivered. Web conferencing is a method in which live meetings or presentations can be given over
    the internet from one central location. Webinars are a specific type of web conferencing tool where the
    delivery of training occurs in real time and typically involves a facilitator from one location who communicates
    electronically (i.e., computer, telephone, satellite, or through some other technical mean) with audience
    members who may reside in different locations. This training delivery method is quite popular due to its
    flexibility and cost savings.

    Social media: This is another eLearning approach that has gained much momentum in recent times. Although
    new, some experts believe that social media could be useful in all phases of training and development and

    HRM 6303, Training and Development 3

    UNIT x STUDY GUIDE
    Title

    could fundamentally shift the way training is being delivered today (Leonard, 2015). Some of the uses of
    social media in training are listed below.

    • The use of social intranet platforms to announce scheduled training events is now commonplace. A
    brief message describes content, and then a link can lead to further explanation or a video of the
    training.

    • Social intranet platforms, such as Yammer or Chatter, can be used to conduct getting-to-know-you
    exercises. Participants show up at training events already familiar with each other’s interests and
    backgrounds.

    • Another option is delivering lectures and videos and posting them to video-sharing sites on the
    organization’s intranet.

    • Social media can allow participants to share perspectives and experiences.
    • Support can also be provided for ongoing learning through internal discussion boards where learners

    can collaborate and exchange experiences and ideas.
    • Social media can be used to support post-training collaborative assignments and action plans.
    • Intranet or internet can facilitate opportunities for employees to interact with specialists in their field.
    • Social media can also be used to support alumni networks.

    Behavioral Approach

    The behavioral approach is a delivery method with an emphasis on real-world situations that are simulated to
    mirror the events, processes, and circumstances of a given concept. As mentioned earlier, the adult learner
    learns well through experience, whether that be live or simulated. Learning happens through behaviors
    practiced and exhibited over time. There are several delivery methods in the behavioral approach, which are
    detailed below.

    • Case studies: Participants would apply a new skill/knowledge to a hypothetical case or situation.
    Case studies can simulate historical situations where decision-making is needed. These situations
    can be real or imagined and encourage learners to display the behavior of properly making decisions.

    • Role plays: Participants act out and assume roles to practice appropriate behavior or resolve conflicts
    for various situations. There are two types of role-playing scenarios, which are listed below.
    o Structured role play: In this type of role playing, there is a great deal of information provided about

    the situation. Often, there are scripts involved that provide dialogue among the characters. This
    type of role playing will encourage learners to display traits needed for the given role-playing
    scenario.

    o Unstructured role play: In this type of role playing, the scenario is loosely constructed and free
    flowing. This type of role playing provides insight to the learners on how their behavior impacts
    others.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge. This method allows the learners to apply what they have learned. As the trainer allows the
    learners to practice the skill, the learners begin to develop proficiency in that given skill.

    • In-basket technique: The in-basket technique is a specified role-playing scenario designed to exhibit
    decision-making skills and attitudes. For example, the learners are given information about their role.
    This can be a current or future job. Also, general information about the situation is given. The learners
    are then given a packet of materials, such as complaints, messages, memos, and reports, which
    constitute the in-basket. The learners are then asked to respond to the materials within a few hours.
    When all of the appropriate responses have been given, the trainer will ask the learners to discuss
    the process they took to make the decisions that they did. The trainer will offer feedback in order to
    reinforce behaviors that the learners did well and to provide alternatives for the actions that were not
    done well.

    • Behavior modeling: In this method, an expert will model the behaviors that need to be learned. The
    learners will then practice the behaviors in a structured role play. The trainer will then reinforce the
    behavior and give feedback on areas that need improvement. This method is different from role
    playing in that it gives the learners an example of what the behavior looks like prior to practicing the
    behavior.

    • Coaching: The coaching delivery method is where one-on-one instruction and guidance is given to
    learners to help improve their performance in a given area. Typically, this method is used to aid in
    performance deficiencies, but it can also act as a motivational tool for those who are performing well.

    HRM 6303, Training and Development 4

    UNIT x STUDY GUIDE
    Title

    There are many delivery approaches that can help a trainer deliver the content that needs to be learned. One
    core focus is to ensure that the delivery style is one that is palatable for all learners. The knowledge for this
    comes through the understanding of the various adult learning concepts and then tailoring your delivery
    approach to those concepts.

    Conclusion

    There are two primary approaches in matching the learner’s style with the training delivery method. They are
    the cognitive approach and the behavioral approach. We also learned the classroom lecture method is a
    traditional cognitive delivery approach. Although this delivery method is very much prevalent, eLearning
    (virtual, online, web-based, and even social-media based) has become a preferred training method for many
    organizations. In training delivery, eLearning is not just a trend, it is here to stay.

    Reference

    Leonard, B. (2015, May 20). Social media can enhance employees' learning. Society for Human Resource

    Management [SHRM]. https://www.shrm.org/resourcesandtools/hr-topics/organizational-and-
    employee-development/pages/social-media-value.aspx

    – 1
    – 2

  • [Solved] ACC 5301 Unit III P

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    – ## UnitIII_Project_Template.docx – ## ManagementApplicationsofAccountingACC5301UnitIIIProject.docx – ## UnitIII_Cookie_Project_Spreadsheet_Templates.xlsx – UnitIIStudyGuide.pdf **## UnitIII_Project_Template.docx** 1 2 **Title of the Paper Goes Here** Student Name Institution ACC 5301 Manag…

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    Immediate access to the full model answer, formatted citations, and rubric breakdown.

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    Assignment Prompt & Instructions

    – ## UnitIII_Project_Template.docx

    – ## ManagementApplicationsofAccountingACC5301UnitIIIProject.docx

    – ## UnitIII_Cookie_Project_Spreadsheet_Templates.xlsx

    – UnitIIStudyGuide.pdf

    **## UnitIII_Project_Template.docx**

    1

    2

    **Title of the Paper Goes Here**

    Student Name

    Institution

    ACC 5301 Management Applications of Accounting

    Instructor

    Date

    **Title of Paper**

    Remember this part of the paper is double spaced in APA format.

    The
    _Introduction_ should lead readers into the topic and its importance. Introductions typically include the overall topic of the paper, the specific focus of the paper within the larger topic, the main points in the paper, the kind of paper (study, argument, critique, discussion), and the purpose.

    _Writing tip:_ The length of the introduction should be in proportion to the length of the paper. Also ask yourself, “With my purpose and my audience, how do I engage my readers best?” In the introduction, you set the tone of the piece, establish your voice, and demonstrate your writing style; be authentic to your purpose and your audience.

    **Part 1 Establish Cookie Business**

    _Identify_ the name of your company, location, mission statement for your business, and type of cookie you plan to make. Keep in mind that you are only making one type of cookie for this project.

    **Part 2 Costing and Sales Information**

    _Analyze_ and discuss the estimated cost per cookie using job order costing, the estimated cost per cookie using process costing, and the estimated sales price per cookie. Embed your spreadsheets to justify your costs.

    **Part 3 Compare and Contrast Costing Methods**

    _Analyze_ and discuss the major differences you see between the types of costing. Which do you believe is more useful for this business, and why?

    **Part 4 Impact of Increase and Decrease in Sales**

    _Discuss_ what will happen to revenue if the number of cookies sold increases or decreases.

    **Conclusions and Recommendations**

    _The Conclusion_ section
    should summarize for the readers the topics of importance that led to your final conclusions/analysis regarding this case. Include some specific areas of focus from your analysis to reinforce your conclusion.

    **References**

    Include complete references in proper APA format for all of the citations
    _listed_ in your paper. Be sure to use the library for the required number of sources. Additional sources can be used but should be scholarly. Present your references in alphabetical order.

    **## ManagementApplicationsofAccountingACC5301UnitIIIProject.docx**

    2

    Management Applications of Accounting ACC 5301 Unit III Project

    **Unit III Project**

    **Cookie Business**

    This project measures your mastery of ULOs 2.1, 3.5, and 3.6.

    **Assignment Objective:** In this project, you will be opening your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will be creating a series of reports and analyzing the results using the template provided to guide you through the project. You will:

    1. Gain an understanding of product costing (direct materials, direct labor, and overhead).

    2. Review job order costing.

    3. Review process costing.

    4. Make business decisions based on analyzing accounting data.

    **Length:** You will prepare a three- to four-page written report (including spreadsheets) using the Unit III Project Template.

    **References:** At least two peer-reviewed sources are required. Resources used are required to be scholarly/academic in nature and found in the CSU Library. APA Style is required for citations and references.

    **Details:** First, start the paper with an introduction section per the assignment template provided above.

    Part 1: Establish a cookie business selling only one type of specialty cookie with two employees making the cookies.

    · Create a name and establish a location for the business.

    · Construct a mission statement for the business.

    · Decide on the type of cookie you want to make and sell.

    Part 2: Develop costing and sales information for 1,000 cookies (this is the first and only order).

    · Estimate and explain the cost per cookie based on job order costing (manufacturing overhead is 30% of direct labor costs). Prepare a job order cost sheet by researching and identifying the top five ingredients and their estimated costs as your direct materials. Research and identify the cost of wages for your two employees as your direct labor. It typically takes two days to make 1,000 cookies.

    · For process costing, examine the costs per 1,000 cookies looking at these top three processes (departments): Mixing, Add-ins, Packaging.

    · The Mixing Department will be examined in depth (only do this department).

    · All materials will be added in at the beginning of the process.

    · The cookies will be in the Mixing Department for a total of 8 hours (use two employees, 4 hours each as your direct labor). The cookies will be 100% complete with respect to materials, and only be 40% complete with respect to conversion costs (labor and overhead) before they are transferred to the Add-ins Department. Manufacturing overhead is 30% of direct labor costs.

    · Estimate and explain the sales price you plan to set per cookie based on the cost data.

    Part 3: Define job order and process costing. Then, compare and contrast the costing methods used in this project (job order vs. process costing), including which you believe provides the most useful information as a manager.

    Part 4: Discuss what will happen to revenue if the number of the cookies sold increases or decreases.

    End this paper with the key observations and present any future recommendations.

    Use the
    Unit III Cookie Project Spreadsheet Templates for your job order, and process costing spreadsheets to be embedded in your case study document.

    **Submission:** Save the submission as a Word document and upload the document to Blackboard.

    **Grading:** The assignment will be reviewed in alignment with the grading rubric criteria. The assignment is worth 15% of your course grade.

    **## UnitIII_Cookie_Project_Spreadsheet_Templates.xlsx**

    ## Job Order

    | | | | | | | | | | |
    | — | — | — | — | — | — | — | — | — | — |
    | <Name of Company Here> |
    | Job Order Cost Sheet |
    | Job number: |
    | Direct Material | | | Direct Labor | | | | | Manufacturing overhead |
    | Ingredients | Total Cost per ingredient | | Date | Hours | Rate | Total Cost per employee | | | Total Cost |
    | <list 5 ingredients and their costs> | | | <2 employees> | | | | | <30% of Direct Labor Costs> |

    | Total | | | | | | – 0 | | | – 0 |

    | Cost Summary |
    | Direct Materials | – 0 |
    | Direct Labor | – 0 |
    | Manufacturing Overhead | – 0 |
    | | – 0 |
    | Units | 1,000 |
    | Cost per unit | – 0 |

    ## Process Costing

    | | | | | | |
    | — | — | — | — | — | — |
    | <Name of Company Here> |
    | Production Cost Report |
    | Department: | <Select one department in your cookie making process> |
    | Cost: | Material | Labor | Overhead | Trans In | Total |
    | Beginning WIP |
    | Cost incurred |
    | Total |

    | Units: |
    | Units Completed |
    | Equivalent Units (ending WIP) |
    | Total |

    | Cost per Equivalent unit |

    ## Sheet3

    |
    |

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10448897)

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10448897)

    **## UnitIII_Project_Template.docx**

    1

    2

    **Title of the Paper Goes Here**

    Student Name

    Institution

    ACC 5301 Management Applications of Accounting

    Instructor

    Date

    **Title of Paper**

    Remember this part of the paper is double spaced in APA format.

    The
    _Introduction_ should lead readers into the topic and its importance. Introductions typically include the overall topic of the paper, the specific focus of the paper within the larger topic, the main points in the paper, the kind of paper (study, argument, critique, discussion), and the purpose.

    _Writing tip:_ The length of the introduction should be in proportion to the length of the paper. Also ask yourself, “With my purpose and my audience, how do I engage my readers best?” In the introduction, you set the tone of the piece, establish your voice, and demonstrate your writing style; be authentic to your purpose and your audience.

    **Part 1 Establish Cookie Business**

    _Identify_ the name of your company, location, mission statement for your business, and type of cookie you plan to make. Keep in mind that you are only making one type of cookie for this project.

    **Part 2 Costing and Sales Information**

    _Analyze_ and discuss the estimated cost per cookie using job order costing, the estimated cost per cookie using process costing, and the estimated sales price per cookie. Embed your spreadsheets to justify your costs.

    **Part 3 Compare and Contrast Costing Methods**

    _Analyze_ and discuss the major differences you see between the types of costing. Which do you believe is more useful for this business, and why?

    **Part 4 Impact of Increase and Decrease in Sales**

    _Discuss_ what will happen to revenue if the number of cookies sold increases or decreases.

    **Conclusions and Recommendations**

    _The Conclusion_ section
    should summarize for the readers the topics of importance that led to your final conclusions/analysis regarding this case. Include some specific areas of focus from your analysis to reinforce your conclusion.

    **References**

    Include complete references in proper APA format for all of the citations
    _listed_ in your paper. Be sure to use the library for the required number of sources. Additional sources can be used but should be scholarly. Present your references in alphabetical order.

    **## ManagementApplicationsofAccountingACC5301UnitIIIProject.docx**

    2

    Management Applications of Accounting ACC 5301 Unit III Project

    **Unit III Project**

    **Cookie Business**

    This project measures your mastery of ULOs 2.1, 3.5, and 3.6.

    **Assignment Objective:** In this project, you will be opening your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will be creating a series of reports and analyzing the results using the template provided to guide you through the project. You will:

    1. Gain an understanding of product costing (direct materials, direct labor, and overhead).

    2. Review job order costing.

    3. Review process costing.

    4. Make business decisions based on analyzing accounting data.

    **Length:** You will prepare a three- to four-page written report (including spreadsheets) using the Unit III Project Template.

    **References:** At least two peer-reviewed sources are required. Resources used are required to be scholarly/academic in nature and found in the CSU Library. APA Style is required for citations and references.

    **Details:** First, start the paper with an introduction section per the assignment template provided above.

    Part 1: Establish a cookie business selling only one type of specialty cookie with two employees making the cookies.

    · Create a name and establish a location for the business.

    · Construct a mission statement for the business.

    · Decide on the type of cookie you want to make and sell.

    Part 2: Develop costing and sales information for 1,000 cookies (this is the first and only order).

    · Estimate and explain the cost per cookie based on job order costing (manufacturing overhead is 30% of direct labor costs). Prepare a job order cost sheet by researching and identifying the top five ingredients and their estimated costs as your direct materials. Research and identify the cost of wages for your two employees as your direct labor. It typically takes two days to make 1,000 cookies.

    · For process costing, examine the costs per 1,000 cookies looking at these top three processes (departments): Mixing, Add-ins, Packaging.

    · The Mixing Department will be examined in depth (only do this department).

    · All materials will be added in at the beginning of the process.

    · The cookies will be in the Mixing Department for a total of 8 hours (use two employees, 4 hours each as your direct labor). The cookies will be 100% complete with respect to materials, and only be 40% complete with respect to conversion costs (labor and overhead) before they are transferred to the Add-ins Department. Manufacturing overhead is 30% of direct labor costs.

    · Estimate and explain the sales price you plan to set per cookie based on the cost data.

    Part 3: Define job order and process costing. Then, compare and contrast the costing methods used in this project (job order vs. process costing), including which you believe provides the most useful information as a manager.

    Part 4: Discuss what will happen to revenue if the number of the cookies sold increases or decreases.

    End this paper with the key observations and present any future recommendations.

    Use the
    Unit III Cookie Project Spreadsheet Templates for your job order, and process costing spreadsheets to be embedded in your case study document.

    **Submission:** Save the submission as a Word document and upload the document to Blackboard.

    **Grading:** The assignment will be reviewed in alignment with the grading rubric criteria. The assignment is worth 15% of your course grade.

    **## UnitIII_Cookie_Project_Spreadsheet_Templates.xlsx**

    ## Job Order

    | | | | | | | | | | |
    | — | — | — | — | — | — | — | — | — | — |
    | <Name of Company Here> |
    | Job Order Cost Sheet |
    | Job number: |
    | Direct Material | | | Direct Labor | | | | | Manufacturing overhead |
    | Ingredients | Total Cost per ingredient | | Date | Hours | Rate | Total Cost per employee | | | Total Cost |
    | <list 5 ingredients and their costs> | | | <2 employees> | | | | | <30% of Direct Labor Costs> |

    | Total | | | | | | – 0 | | | – 0 |

    | Cost Summary |
    | Direct Materials | – 0 |
    | Direct Labor | – 0 |
    | Manufacturing Overhead | – 0 |
    | | – 0 |
    | Units | 1,000 |
    | Cost per unit | – 0 |

    ## Process Costing

    | | | | | | |
    | — | — | — | — | — | — |
    | <Name of Company Here> |
    | Production Cost Report |
    | Department: | <Select one department in your cookie making process> |
    | Cost: | Material | Labor | Overhead | Trans In | Total |
    | Beginning WIP |
    | Cost incurred |
    | Total |

    | Units: |
    | Units Completed |
    | Equivalent Units (ending WIP) |
    | Total |

    | Cost per Equivalent unit |

    ## Sheet3

    |
    |

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10448897)

    **## UnitIII_Project_Template.docx**

    1

    2

    **Title of the Paper Goes Here**

    Student Name

    Institution

    ACC 5301 Management Applications of Accounting

    Instructor

    Date

    **Title of Paper**

    Remember this part of the paper is double spaced in APA format.

    The
    _Introduction_ should lead readers into the topic and its importance. Introductions typically include the overall topic of the paper, the specific focus of the paper within the larger topic, the main points in the paper, the kind of paper (study, argument, critique, discussion), and the purpose.

    _Writing tip:_ The length of the introduction should be in proportion to the length of the paper. Also ask yourself, “With my purpose and my audience, how do I engage my readers best?” In the introduction, you set the tone of the piece, establish your voice, and demonstrate your writing style; be authentic to your purpose and your audience.

    **Part 1 Establish Cookie Business**

    _Identify_ the name of your company, location, mission statement for your business, and type of cookie you plan to make. Keep in mind that you are only making one type of cookie for this project.

    **Part 2 Costing and Sales Information**

    _Analyze_ and discuss the estimated cost per cookie using job order costing, the estimated cost per cookie using process costing, and the estimated sales price per cookie. Embed your spreadsheets to justify your costs.

    **Part 3 Compare and Contrast Costing Methods**

    _Analyze_ and discuss the major differences you see between the types of costing. Which do you believe is more useful for this business, and why?

    **Part 4 Impact of Increase and Decrease in Sales**

    _Discuss_ what will happen to revenue if the number of cookies sold increases or decreases.

    **Conclusions and Recommendations**

    _The Conclusion_ section
    should summarize for the readers the topics of importance that led to your final conclusions/analysis regarding this case. Include some specific areas of focus from your analysis to reinforce your conclusion.

    **References**

    Include complete references in proper APA format for all of the citations
    _listed_ in your paper. Be sure to use the library for the required number of sources. Additional sources can be used but should be scholarly. Present your references in alphabetical order.

    **## ManagementApplicationsofAccountingACC5301UnitIIIProject.docx**

    2

    Management Applications of Accounting ACC 5301 Unit III Project

    **Unit III Project**

    **Cookie Business**

    This project measures your mastery of ULOs 2.1, 3.5, and 3.6.

    **Assignment Objective:** In this project, you will be opening your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will be creating a series of reports and analyzing the results using the template provided to guide you through the project. You will:

    1. Gain an understanding of product costing (direct materials, direct labor, and overhead).

    2. Review job order costing.

    3. Review process costing.

    4. Make business decisions based on analyzing accounting data.

    **Length:** You will prepare a three- to four-page written report (including spreadsheets) using the Unit III Project Template.

    **References:** At least two peer-reviewed sources are required. Resources used are required to be scholarly/academic in nature and found in the CSU Library. APA Style is required for citations and references.

    **Details:** First, start the paper with an introduction section per the assignment template provided above.

    Part 1: Establish a cookie business selling only one type of specialty cookie with two employees making the cookies.

    · Create a name and establish a location for the business.

    · Construct a mission statement for the business.

    · Decide on the type of cookie you want to make and sell.

    Part 2: Develop costing and sales information for 1,000 cookies (this is the first and only order).

    · Estimate and explain the cost per cookie based on job order costing (manufacturing overhead is 30% of direct labor costs). Prepare a job order cost sheet by researching and identifying the top five ingredients and their estimated costs as your direct materials. Research and identify the cost of wages for your two employees as your direct labor. It typically takes two days to make 1,000 cookies.

    · For process costing, examine the costs per 1,000 cookies looking at these top three processes (departments): Mixing, Add-ins, Packaging.

    · The Mixing Department will be examined in depth (only do this department).

    · All materials will be added in at the beginning of the process.

    · The cookies will be in the Mixing Department for a total of 8 hours (use two employees, 4 hours each as your direct labor). The cookies will be 100% complete with respect to materials, and only be 40% complete with respect to conversion costs (labor and overhead) before they are transferred to the Add-ins Department. Manufacturing overhead is 30% of direct labor costs.

    · Estimate and explain the sales price you plan to set per cookie based on the cost data.

    Part 3: Define job order and process costing. Then, compare and contrast the costing methods used in this project (job order vs. process costing), including which you believe provides the most useful information as a manager.

    Part 4: Discuss what will happen to revenue if the number of the cookies sold increases or decreases.

    End this paper with the key observations and present any future recommendations.

    Use the
    Unit III Cookie Project Spreadsheet Templates for your job order, and process costing spreadsheets to be embedded in your case study document.

    **Submission:** Save the submission as a Word document and upload the document to Blackboard.

    **Grading:** The assignment will be reviewed in alignment with the grading rubric criteria. The assignment is worth 15% of your course grade.

    **## UnitIII_Cookie_Project_Spreadsheet_Templates.xlsx**

    ## Job Order

    | | | | | | | | | | |
    | — | — | — | — | — | — | — | — | — | — |
    | <Name of Company Here> |
    | Job Order Cost Sheet |
    | Job number: |
    | Direct Material | | | Direct Labor | | | | | Manufacturing overhead |
    | Ingredients | Total Cost per ingredient | | Date | Hours | Rate | Total Cost per employee | | | Total Cost |
    | <list 5 ingredients and their costs> | | | <2 employees> | | | | | <30% of Direct Labor Costs> |

    | Total | | | | | | – 0 | | | – 0 |

    | Cost Summary |
    | Direct Materials | – 0 |
    | Direct Labor | – 0 |
    | Manufacturing Overhead | – 0 |
    | | – 0 |
    | Units | 1,000 |
    | Cost per unit | – 0 |

    ## Process Costing

    | | | | | | |
    | — | — | — | — | — | — |
    | <Name of Company Here> |
    | Production Cost Report |
    | Department: | <Select one department in your cookie making process> |
    | Cost: | Material | Labor | Overhead | Trans In | Total |
    | Beginning WIP |
    | Cost incurred |
    | Total |

    | Units: |
    | Units Completed |
    | Equivalent Units (ending WIP) |
    | Total |

    | Cost per Equivalent unit |

    ## Sheet3

    |
    |

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10448897)

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    – 2
    – 3
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    Externalities happen when the costs or benefits of an action spill over to people who aren’t directly involved in it. Sometimes these side effects are positive (like a well-kept garden that boosts neighborhood property values), and sometimes they’re negative (like noise from a factory disturbing nea…

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    Externalities happen when the costs or benefits of an action spill over to people who aren’t directly involved in it. Sometimes these side effects are positive (like a well-kept garden that boosts neighborhood property values), and sometimes they’re negative (like noise from a factory disturbing nearby residents).

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    Lewis Securities Inc. has decided to acquire a new market data and quotation system for its Richmond home office. The system receives current market prices and other information from several online data services and then either displays the information on a screen or stores it for later retrieval by…

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    Lewis Securities Inc. has decided to acquire a new market data and quotation system for its Richmond home office. The system receives current market prices and other information from several online data services and then either displays the information on a screen or stores it for later retrieval by the firm’s brokers. The system also permits customers to call up current quotes on terminals in the lobby.
    The equipment costs $1,000,000 and, if it were purchased, Lewis could obtain a term loan for the full purchase price at a 10% interest rate. Although the equipment has a 6-year useful life, it is classified as a special-purpose computer and therefore falls into the MACRS 3-year class. If the system were purchased, a 4-year maintenance contract could be obtained at a cost of $20,000 per year, payable at the beginning of each year. The equipment would be sold after 4 years, and the best estimate of its residual value is $200,000. However, because real-time display system technology is changing rapidly, the actual residual value is uncertain.
    As an alternative to the borrow-and-buy plan, the equipment manufacturer informed Lewis that Consolidated Leasing would be willing to write a 4-year guideline lease on the equipment, including maintenance, for payments of $260,000 at the beginning of each year. Lewis’s marginal federal-plus-state tax rate is 25%. You have been asked to analyze the lease-versus-purchase decision and, in the process, to answer the following questions.
    – (1)Who are the two parties to a lease transaction?
    – (2)What are the four primary types of leases, and what are their characteristics?
    – (3)How are leases classified for tax purposes?
    – (4)What effect does leasing have on a firm’s balance sheet?
    – (5)What effect does leasing have on a firm’s capital structure?
    – (1)What is the present value of owning the equipment? ( _Hint:_ Set up a time line that shows the net cash flows over the period t = 0 to t = 4, and then find the PV of these net cash flows, or the PV of owning.)
    – (2)What is the discount rate for the cash flows of owning?
    1. What is Lewis’s present value of leasing the equipment? ( _Hint:_ Again, construct a time line.)
    2. What is the net advantage to leasing (NAL)? Does your analysis indicate that Lewis should buy or lease the equipment? Explain.
    3. Now assume that the equipment’s residual value could be as low as $0 or as high as $400,000, but $200,000 is the expected value. Because the residual value is riskier than the other relevant cash flows, this differential risk should be incorporated into the analysis. Describe how this could be accomplished. (No calculations are necessary, but explain how you would modify the analysis if calculations were required.) What effect would the residual value’s increased uncertainty have on Lewis’ lease-versus-purchase decision?
    4. The lessee compares the present value of owning the equipment with the present value of leasing it. Now put yourself in the lessor’s shoes. In a few sentences, how should you analyze the decision to write or not to write the lease?

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    If you were the CFO of a multinational company, what steps could you take to minimize international risk? Describe how cash flows are used to minimize political risk.

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    If you were the CFO of a multinational company, what steps could you take to minimize international risk? Describe how cash flows are used to minimize political risk.