Objectives:

Awareness of Ethical and Social Responsibility: Recognizing the social and ethical responsibility of business towards the stakeholders.
Application of Management Accounting: Applying the various management accounting concepts learnt in the accounting decision making class to a practical scenario.

Activities Undertaken

Selection of two street side mini restaurants
Conduction of a Survey to examine the following details
- Business model of the restaurant
- Assets, liabilities, capital and retained earnings of the business
- Sources of revenue
- Costs incurred in the day to day operations
- Inventory Management undertaken
Preparation of the following components for the two restaurants
- Balance Sheet
- Income Statement
- Break-even Analysis
- Monthly Cost Sheet