NEW ACCOUNTING CASES. iveycases.com

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "NEW ACCOUNTING CASES. iveycases.com"

Transcription

1 NEW ACCOUNTING CASES iveycases.com

2 New Accounting Cases 9B17B008 Alrich Farms: Cash Flow Analysis Elizabeth M.A. Grasby; Richard Bloomfield; In January 2016, the owners of a family farm near London, Ontario, Canada, wanted to evaluate the financial status of their business. After 30 years in farming during a period that had seen dramatic changes in the agricultural industry, the couple was beginning to think about succession planning for the farm that had been passed down to them from previous generations. The couple wanted to evaluate how well they had managed the farm s cash throughout fiscal 2015 and would use this analysis to help them determine the long term stability of the farm's operation in preparation for this succession plan. Publication Date: April 20, 2017 Pages: 5 Teaching Note(s): 8B17B008; Issues: cash flow, succession planning, operations management, management accounting Industry: Agriculture, Forestry, Fishing and Hunting; Setting: Canada, Small organization, 2016 Learning Objective: This case is to be used as an introduction to the statement of cash flows and its analysis and is intended for undergraduate managerial courses. After working through the case and assignment questions, students will be able to do the following: Describe the demographic and technological changes that have taken place in Canadian agriculture. Undertake an in depth qualitative analysis of industry trends in agriculture and current corporate capabilities of a farm business to understand the context for making decisions. Build a statement of cash flows and draw implications from this analysis. Outline how the owners of a farm could improve cash flows. 9B17B007 Myers' Fitness: A Launching Dilemma for Boot Camp Elizabeth M.A. Grasby; Jessica Bond; In 2016, a recently retired artilleryman from the Canadian Armed Forces was planning his next steps as a civilian. He had always been passionate about healthy lifestyles, and his sense of entrepreneurship led him to consider the viability of launching a series of fitness boot camps, based on different skill levels and age groups. He saw this boot camp idea as a way of providing health services to a group of clients who were already interested in exercise but who might become more involved if their fitness activities were held outdoors. He could either launch the boot camps on his own or partner with a small local gym. He needed to earn $2,000 after all expenses per month from May to August each year for the business to be feasible. The gym offered him cost saving options, but was he ready to share his revenue with a partner? Publication Date: March 30, 2017 Entrepreneurship; Product Type/Pricing: Case (Field), Standard Supplement Pages: 6 Teaching Note(s): 8B17B007; Issues: health services, cost/benefit analysis, management accounting Industry: Arts, Entertainment, Sports and Recreation; Setting: Canada, Small organization, 2016 Learning Objective: After completion of this case, students will be able to perform the following tasks: Perform a business size up Determine qualitatively the pros and cons of operating the fitness boot camp solo or in partnership with the small local gym Establish relevant revenues and costs and determine which are recurring versus one time costs Explain the differential cash flow model and use a cost/benefit analysis to evaluate options Perform a differential analysis to determine return on investment and payback periods with both scenarios Complete qualitative and quantitative analyses Make specific recommendations for launching a new business based on these analyses

3 9B17B006 SAPMER: Strategic Growth and Its Financial Implications Yuan Ding; Hua Zhang; Chun (Jane) Xie; Ellen Jiang; SAPMER SA was a Southern Ocean fishing company started by three Réunion Island entrepreneurs with one ship in The company grew from an entrepreneurial venture to a corporate acquisition, then back to a beloved family business not expected to make much money. But in 2006, SAPMER SA tested the waters with a new tuna venture. The venture was successful, but the company saw a better long term opportunity in occupying a niche position. SAPMER SA launched a strategic rebirth with a five year plan to develop a new segment: super frozen tuna fishing and processing in the Indian Ocean, addressing premium Asian markets in sashimi, tataki, and tuna loins and steak. SAPMER SA s strategy resulted in strong performance, but in early 2013, when examining the financial records and the terms for purchasing newly acquired ships, the owner could see challenges ahead. To manage the challenges, the owner needs to know the reason for the improvement in return on equity, what potential problems could be identified from a DuPont analysis of the financials, and what bottlenecks to anticipate in the coming years. Publication Date: March 24, 2017 Discipline: Entrepreneurship; International; Accounting; Pages: 12 Teaching Note(s): 8B17B006; Issues: financial analysis, fishing, tuna, value enhancement, value chain, niche market Industry: Agriculture, Forestry, Fishing and Hunting; Setting: France, Small organization, Difficulty: MBA/Postgraduate Learning Objective: This case has been designed for courses on financial statement analysis. It can be used in graduate programs, EMBA classes, and with executive audiences. Given the nature of the fundamentals involved, the case can also be adapted for use in more advanced courses such as mergers and acquisitions. After working through the case and assignment questions, students will be able to do the following: Analyze financial statements and identify the features that correspond to the company s strategic growth. Conduct a DuPont analysis to identify the potential risks related to the company s business. Discuss the business problems that may arise from the identified features and risks, comment on the efficiency of the fixed assets and the company s business bottlenecks, and suggest possible solutions. 9B17B005 Shad Valley International: Sustaining the Program While Maintaining Accessibility Elizabeth M.A. Grasby; Ryan Rego; In 2016, the director of finance and operations for a non profit organization faced an important decision. Her organization offered an in residence opportunity for high school students who excelled academically, but the organization s cash flow for the upcoming year was in jeopardy. The director was considering increasing registration fees and planned to prepare cash budgets for the upcoming fiscal year for the program and for the organization. She knew that her decision had to be in line with the organization s values and goals, but she also felt that raising fees might alleviate some of the program s financial strain. The program was already supported by alumni and many company and government sponsors. The director had to make a presentation to the board of directors and ensure her decision would maintain the quality of the program and its candidates and also help the organization s cash flow. Publication Date: March 14, 2017 Product Type/Pricing: Case (Field), Standard Supplement Pages: 8 Teaching Note(s): 8B17B005; Issues: non profit, cash budgeting, financing, cash flow Industry: Educational Services; Setting: Canada, Small organization, 2016 Learning Objective: This case is suitable for use in undergraduate level programs in courses on introductory managerial accounting or finance, with a focus on the topic of cash budgeting. After completion of the case, students will be able to perform the following: Prepare and analyze a projected cash budget and understand its importance for management decisions. Assess some of the challenges non profit organizations face (compared to for profit businesses). Make and defend a business decision based on qualitative and quantitative analysis. demonstrate the importance and need of all decisions to fit with an organization s goals. Apply basic Microsoft Excel functions (e.g., SUM, SUMPRODUCT, ROUNDUP). This objective is optional, depending on the students background and experience. Page 2 of 10

4 9B17B004 Tesco: From Troubles to Turnaround Anupam Mehta; Utkarsh Goyal; Sanchit Taneja; In 2016, Tesco PLC, a leading U.K. retail chain, had undergone tremendous financial turmoil. Profitability had been decreasing since 2013 with heavy losses registered during fiscal year (FY) 2014/15. Net profit had decreased by 304 per cent from 2012 to However, after the appointment of a new chief executive officer in 2014, Tesco managed to register a net profit of 138 million in FY 2015/16: an astonishing turnaround. Evidently, Tesco was recovering from its losses, but the share price of the company had fallen by more than 20 per cent from 2015 to What course of action would enable Tesco to maintain and improve its value for shareholders? What areas should the chief executive officer focus on in order to change Tesco s financial performance? Publication Date: March 13, 2017 Discipline: Finance; Accounting; International; Pages: 10 Teaching Note(s): 8B17B004; Issues: financial evaluation, financial analysis, strategic focus, grocery, department stores Industry: Retail Trade; Setting: United Kingdom, Large organization, 2016 Learning Objective: Using this case, students will be able to do the following: Understand the retail trends in the U.K. supermarket industry Identify the challenges faced by Tesco Understand and apply various financial assessment tools and techniques, and conduct a financial ratio analysis Prepare and review the trend analysis and common size statements to determine the best course of action for Tesco going forward 9B17B002 Joneja Bright Steels: The Cash Discount Decision Surya Bhushan Kumar; Vinay Goyal; S.K. Mitra; Joneja Bright Steels Private Limited (JBS) was one of many major players in India s bright steel industry, serving almost every automobile manufacturer in Northern India. After the business launched in 2002, the automobile market expanded, leading JBS to an early strong position. But in fiscal year 2014/15, the company experienced working capital management issues. JBS considered using credit policies as a way of improving profitability shifting from a strict credit policy of net 45 days to a flexible credit policy with a 2 per cent discount for accounts paid within 10 days (2/10 net 45 days). Should JBS implement a cash discount for fiscal year 2016/17? The discount could potentially increase the burden caused by already declining sales, but could also improve the company s cash position. Publication Date: February 21, 2017 Discipline: International; Accounting; Entrepreneurship; Pages: 8 Teaching Note(s): 8B17B002; Issues: working capital, ratio analysis, steel industry, automotive industry Setting: India, Medium organization, Difficulty: MBA/Postgraduate Learning Objective: This case is ideal for use in graduate courses that examine various aspects of managing the working capital of a well established organization involved in manufacturing activities, focusing on what effect a flexible credit policy has on the profitability of an organization. In the process of deciding whether to implement a cash discount for accounts receivable in a competitive situation, students will learn to recognize the various elements of working capital in an organization and how these are related to the revenue realized; the steps involved in calculating ratios related to working capital; how to use a firm s competitors for benchmarking; and how to determine the valuation of a cash discount and how it can help improve the cash position and profitability of a firm. 9B16B022 BYD: The Art of Precise Profit Management Yuan Ding; Hua Zhang; Chun (Jane) Xie; BYD Company Limited (BYD) manufactured rechargeable batteries, mobile phone components, and automobiles. In 2008, the company caught the attention of Warren Buffet s investment group, and their investment in BYD caused BYD s share price to increase per cent over just a year, setting Chinese investors expectations high for BYD s release of A shares, planned for June BYD s 2010 annual report showed that the company s performance had already taken a dip, but its prospectus was optimistic about the market prospects. The first quarter report for 2011, issued the day before the A shares were to be released, was not as optimistic. BYD s A shares fared well on the first day of release, but the company s net profits declined remarkably, and reports forecasted further decline. However, the company s 2011 annual report showed a drop in operating profits of just per cent year over year just slightly less than the 50 per cent decline that would have triggered intervention by the securities regulators. Was the company making a remarkable recovery? Were BYD s A shares still a sound investment, or had the company managed its financial statements to protect itself and its securities underwriters? Publication Date: December 14, 2016 International; Pages: 12 Teaching Note(s): 8B16B022; Issues: profit management, IPO, initial public offering, earnings management Setting: China, Large organization, 2011 Difficulty: MBA/Postgraduate Learning Objective: This case is best used in courses on financial statements analysis in graduate and executive MBA programs and with executive audiences. Given the nature of the fundamentals involved, the case can also be adapted for use in more advanced courses such as mergers and acquisitions. The purpose of the case is to teach students how to read and analyze a prospectus and financial statements from an outsider s perspective. After completing the case, students should be able to do the following: Analyze financial statements and detect business problems using relevant information. Page 3 of 10

5 Explore and identify the application of discretionary accounting methods in financial statements. Discuss possible regulatory improvements to deal with similar profit management issues. 9B16B021 McPhee Distillers: Accounting Policy Choices in the Preparation of Financial Statements Mitchell Stein; Vaughan S. Radcliffe; Adam Erickson; In 2014, the master distiller from an established Scotch whisky producer founded McPhee Distillers on Vancouver Island, Canada, hoping to capitalize on the growing demand for whisky in the Asia Pacific region in particular. Rather than competing with larger producers selling by the bottle, McPhee planned to sell whisky exclusively by the barrel, hoping to differentiate McPhee Distillers in the industry. As a first time entrepreneur, the master distiller was surprised by the amount of overhead costs, but she was determined that there were no costs she could cut without compromising the quality of the whisky. Was her business model profitable, or had she made an error by focusing on barrel sales? Could she improve her operations? Publication Date: December 09, 2016 Entrepreneurship; Product Type/Pricing: Case (Gen Exp), Standard Case Pages: 6 Teaching Note(s): 8B16B021; Issues: revenue recogition, accounting policies, inventory valuation Setting: Canada, Small organization, Learning Objective: This case should be introduced after students have attained a baseline understanding of generally accepted accounting principles and are comfortable with some of the fundamental concepts of accounting. After completing the case, students will be able to do the following: prepare financial statements for the new business by recording the relevant transactions; identify various accounting issues, including revenue recognition, inventory valuation, accruals, capitalization of assets, amortization, and accounts payable; and understand how fundamental accounting issues affect the financial statements. 9B16B020 Erie Thames Powerlines: The Hybrid Truck Decision Stephan Vachon; Ryan Mallany; Erie Thames Powerlines, an electricity distributor in Southwestern Ontario, needed to determine the suitability of the company acquiring a hybrid truck as opposed to a conventional diesel utility truck. As of early July 2016, the truck suppliers (for both hybrid and diesel trucks) and the internal accounting department had provided substantial information with which to conduct a thorough analysis. The company also wanted to include some qualitative aspects, such as the reduction of noise pollution and the positive contributions of hybrid trucks both to the company s image and to its promotion of energy efficiency. The firm needed to build an appropriate business analysis that included both qualitative and quantitative elements to support a recommendation to the utility company s board of directors in August Publication Date: December 01, 2016 Pages: 2 Teaching Note(s): 8B16B020; Issues: cost efficiency, carbon management Industry: Utilities; Setting: Canada, Small organization, 2016 Learning Objective: This case is recommended for use in an environmental management or economic project evaluation course, or in an introductory accounting course for a class in cash flow analysis. The case s main intent is to introduce students to a cash flow analysis that integrates a carbon footprint and other qualitative issues in its decision making. 9B16B019 Pidilite Industries: Assessing Credit Quality Varun Dawar; Debasish Maitra; Arit Chaudhury; In mid 2015, a credit analyst with a leading investment company was tasked with assessing the overall credit quality of a chemical company that equity analysts had recommended as a long term investment for his firm s insurance equity fund. The analyst set out to use various financial parameters liquidity, working capital, profitability, efficiency, capital structure, and debt servicing. He believed that a fair assessment of credit quality could help capture a firm s financial health in its entirety, and had a lot to consider as he began his analysis. The case illustrates best practices for credit analysts in assessing a target company s overall financial risk profile using the company s publicly available audited financial statements. Publication Date: November 23, 2016 International; Pages: 7 Teaching Note(s): 8B16B019; Issues: credit quality, financial statements, quantitative analysis, liquidity, chemicals, materials, textiles, data analysis Setting: India, 2015 Learning Objective: This case is designed for use in MBA level courses on credit analysis or advanced accounting, or in banking courses. It promotes discussion of the framework and key components for sound credit analysis in assessing a company s overall financial risk profile. After completing the case, students should be able to understand the relevance and framework for undertaking credit quality analysis; discuss the financial parameters for evaluating a company s credit quality and overall financial risk profile; understand and estimate various financial credit ratios; develop insight into a company s financial health based on a trend analysis of financial credit ratios; and estimate the overall credit quality of a target company. Page 4 of 10

6 9B16B018 Habitual Chocolate: Expansion Opportunities Elizabeth M.A. Grasby; Richard Bloomfield; The owner and chocolatier of a small, chocolate manufacturing and retailing company in London, Ontario, was considering an expansion opportunity within Southwestern Ontario. The company's current production facility was sufficient for handling immediate demand; however, there was limited space for expansion in the same building, and the building s administration had plans to prohibit manufacturing activities within the next five to 10 years. The owner wondered whether the time was right to purchase a new storefront and production facility in a small nearby city. Alternatively, should he continue operations in the present location while looking for other opportunities to expand? He planned to create projected financial statements and conduct internal and external analyses to inform his decision making process. Publication Date: November 10, 2016 Entrepreneurship; Pages: 14 Teaching Note(s): 8B16B018; Issues: cash budgeting, management decisions, fairtrade, general management Industry: Accommodation & Food Services; Setting: Canada, Small organization, 2014 Learning Objective: This case is best suited for an introductory managerial accounting or finance course at the undergraduate level. For correct analysis of this case, students should have a solid understanding of basic business analysis tools and the ability to apply them. This case can also be used as a testing vehicle. After completion of the case, students will be able to do the following: Draw implications from historical qualitative facts relevant to the decisions at hand. Understand the mechanics needed to build a statement of cash flows, differential cash flow, and projected statements. Choose the most suitable future oriented solution (of the multiple options provided) based on analysis of the case. 9B16B014 Pricing Police: An Activity Based Costing Model of Police Services Vaughan S. Radcliffe; Mitchell Stein; Adam Erickson; On January 17, 2015, the Ontario Provincial Police (OPP) released service cost estimates to all municipalities under its new municipal billing model. The new billing model, according to the recommendations of the auditor general, was designed to provide a more consistent, transparent, and accurate reflection of municipal servicing costs. Several mayors were not entirely sold on the new model and had their own opinion on how each municipality should be billed. Municipal officials needed consistent year to year service costs to accurately forecast their annual budgets. The OPP had to demonstrate the merit of the new billing model to ensure its adoption by all municipalities. Publication Date: October 28, 2016 Pages: 9 Teaching Note(s): 8B16B014; Issues: cost accounting, cost drivers, cost behaviour Industry: Public Administration; Setting: Canada, Large organization, 2015/2016 Learning Objective: This case is suitable for graduate level programs in cost analysis and inter departmental cost allocation. It emphasizes the difficulties organizations face in accurately allocating costs. After completion of the case, students will be able to identify cost drivers that reflect true cost behaviour; recognize differing methodologies that may result in significant variations in cost allocations; and understand cost behaviour in different environments. 9B16B017 North West Company: Analyzing Financial Performance Jennifer Alex; Mark MacIsaac; Neil Maltby; In June 2015, a new analyst at an investment fund company had to review the financial performance of a potential investment target, the North West Company Inc. (NWC), and make a recommendation. NWC was a food retailer operating in underserved markets. The company operated retail locations in Western and Northern Canada, Alaska, the South Pacific, and the Caribbean, reporting total sales of CA$1.6 billion in Twelve years after NWC s initial push outside of Canada, international sales accounted for 35.8 per cent of the company s business. Whereas rivalry among competitors and consumer choice defined the mainstream Canadian market, food retail in Northern Canadian markets was characterized by limited offerings, high prices, and few competitors. The analyst s report needed to include an assessment of NWC s profitability, liquidity, and financial structure. The analyst was particularly interested in NWC s international operations; although international expansion carried with it the potential for significant revenue growth, she wondered whether the profit potential was as great as that of NWC s operations in Northern and Western Canada. She also knew that if NWC did choose to expand its international operations, it would require significant capital investment. Was NWC a good investment opportunity? Publication Date: October 26, 2016 International; Pages: 7 Teaching Note(s): 8B16B017; Issues: financial performance, financial statement analysis, international versus domestic, food Industry: Retail Trade; Setting: Canada, Large organization, 2015 Difficulty: Intro/Undergraduate Learning Objective: The case offers students the opportunity to review some strategic considerations around domestic and international growth, and to consider several aspects of serving essential products to communities that, in some cases, have challenging economic or social situations. The case may be used to do the following: Develop understanding of financial statements. Complete a preliminary evaluation of the financial position and historical performance of a firm, and in particular, demonstrate financial statement analysis calculations and understand their purpose, how to interpret them, and the significance of these calculations specifically, in comparison Page 5 of 10

7 to a rival or industry indicators. Learn about a distinct segment of a major industry food retail in underserved, remote markets and the unique characteristics of the industry. 9B16B013 Using Accounting Analytics to Make an Investment Decision Jayasree Mangalagiri; G.B.S. Naidu; In 2015, Hanuman Singh, a portfolio investor, was looking for investment opportunities in India. His friend Ram Naik suggested Singh invest in Tata Consultancy Services Limited, an information technology company based in Mumbai. Singh s normal practice was to look at the company balance sheets, understand the company s strategy, and then decide whether to invest. But he recently had a bitter investing experience when the company he invested in went bankrupt. Singh now understood that a deeper analysis was required before investing. He was looking for an accounting analysis that would give him insight into any possible manipulations so that his investment decision would yield his expected results. Publication Date: October 17, 2016 Entrepreneurship; International; Pages: 12 Teaching Note(s): 8B16B013; Issues: red flag, manipulation, accounting analysis, fraud, financial statements Industry: Information, Media & Telecommunications; Setting: India, Large organization, 2015 Difficulty: MBA/Postgraduate Learning Objective: This case is suitable for MBA students taking a course in fraud and forensic accounting and for financial analysts who give clients investment advice. After completing the case, students and financial analysts will be able to understand financial statements thoroughly by focusing on key variables for analysis; recognize popular fraud prediction models; understand the interpretation of fraud prediction models; and make accurate investment decisions. 9B16B012 Asante Teaching Hospital: Activity Based Costing Melissa Jean; Courtney Young; In August 2015, an intern at Asante Teaching Hospital, a prestigious not for profit hospital in Johannesburg, South Africa, wanted to organize the cost data she had gathered from staff interviews into clear recommendations for the hospital's chief executive officer. Asante Teaching Hospital's maternity ward competitors had begun offering bundled pricing for natural births, and the intern wondered if Asante Teaching Hospital should do the same. In order to calculate the costs of the service, she planned to employ both activity based and time driven activity based costing techniques. With this information, she could present the results of her analysis and recommendations for a pricing strategy. Publication Date: September 14, 2016 International; Pages: 6 Teaching Note(s): 8B16B012; Issues: activity based costing, cost control, pricing, health administration, data analysis, health informatics, medical, obstetrics Industry: Health Care Services; Setting: South Africa, Medium organization, 2015 Learning Objective: The case is intended for upper year undergraduate or graduate students in management or cost accounting courses. Upon successful completion of the case, students should be able to perform the following tasks: Perform a competitive analysis to identify the risks and opportunities related to the hospital s pricing strategy. Prepare an activity based and time driven activity based costing analysis to determine pricing for each of the three levels of care. Qualitatively analyze the alternative pricing options to help shape the recommendations. Make a pricing recommendation to the CEO for natural birth maternity ward services. 9B16B011 Toshiba: Accounting Fraud Anupam Mehta; In July 2015, the chief executive officer of Toshiba Corporation (Toshiba) resigned over the revelation of a JP billion accounting scandal that shocked the world. Toshiba, a Japanese multinational conglomerate with net sales of JP 6.5 trillion and total assets of 6.2 trillion, had been widely criticized in the news for the multi billion dollar accounting fraud. The company s stock prices declined by 38 per cent after the accounting probe was announced, and the company withdrew the dividend that had been declared earlier. These setbacks challenged company investors, who had always regarded Toshiba as a reputable company. The investors were wondering the same thing as everyone else watching the scandal unfold: How could a company with a 140 year history do this, and why? What were the consequences? What should Toshiba do in response to this crisis? Publication Date: June 27, 2016 Discipline: International; Accounting; Pages: 7 Teaching Note(s): 8B16B011; Issues: computers, electronics, accounting fraud, scandal, fraud triangle, ethics Industry: Information, Media & Telecommunications; Setting: Japan, Large organization, 2015 Learning Objective: This case is appropriate for use at the undergraduate and graduate level. Students will have the opportunity to apply the fraud triangle theory to Toshiba in order to understand the motives, opportunities, and rationalizations behind the fraud; evaluate the financial performance of the company to understand the financial pressures that Toshiba might have been experiencing; examine the circumstances that allowed Toshiba s fraudulent accounting practices to continue for so long; analyze the repercussions of the accounting fraud for the various stakeholders, especially the company s investors; and understand how corporate culture can play a vital role in the failure of a management control system. Page 6 of 10

8 9B16B McAdam Elizabeth M.A. Grasby; Jessica Bond; The owner of a designer handbag company, 442 McAdam, found she could no longer manufacture in house the quantity of handbags required to meet existing orders. Manufacturing would need to be outsourced, and the owner would have to choose between a local manufacturer and an overseas manufacturer. Local manufacturers offered the same quality as overseas manufacturers but charged higher prices. International manufacturers, while offering lower prices, required larger minimum order quantities. Regardless of the manufacturing option she chose, the owner wondered whether the minimum levels of inventory she needed to order could be sold within the upcoming six month style season. Publication Date: May 25, 2016 Pages: 4 Teaching Note(s): 8B16B010; Issues: inventory planning, control, manufacturing strategy, cost/benefit analysis, management accounting Setting: Canada, Small organization, 2015 Learning Objective: This case can be taught in an introductory managerial accounting course at the undergraduate university level. To aid in their decision making, students can use cost behaviour and contribution analysis as financial tools, as well as an analysis of inventory management. More specifically, students are required to perform the following: Calculate unit contribution and contribution margin ratio. Project overall contribution levels for each manufacturing option. Determine how much, if any, excess inventory may exist as a result of outsourcing manufacturing. 9B16B009 Totally Tidy by Tilly Elizabeth M.A. Grasby; Brian Langen; Spring cleaning season 2015 was about to begin in a small community north of Toronto, Ontario, Canada, and a prospective business owner was deciding whether to launch a new business. Totally Tidy by Tilly would provide cleaning services, professional organizing services, or both. Before moving forward, this new entrepreneur first needed to understand the environment for her new venture. Based on that understanding, she needed to decide what services to offer and at what prices, and how best to promote her new business. To determine financial feasibility, she projected the company's financial performance for the first three years of operations. Should the entrepreneur stay close to home, within her community, or would a viable and profitable business plan involve a larger area? Would the business provide a reasonable income, or would this significant change in her lifestyle only prevent her from enjoying the flexibility of being a stay at home parent? Pages: 10 Teaching Note(s): 8B16B009; Issues: cash budgeting, marketing management, entrepreneurial marketing Industry: Other Services; Setting: Canada, Small organization, 2015 Learning Objective: This case can be taught in class or can be used as a testing vehicle (a take home, individual, or group report) and is best suited for an introductory course in business management at the undergraduate university level. The case covers multiple business concepts (marketing management, financial projections, etc.) and the basics of business strategy, accounting, and finance. Students are expected to analyze this case by completing the following activities: Perform an external analysis: industry, competition, and consumer. Perform an internal analysis: company s strengths, weaknesses, opportunities, and threats. Develop a marketing plan. This plan should include a decision regarding the services to be offered and their respective prices, the targeted location(s), and the promotional tools to be used. Project three years of financial statements (cash budgets, statements of earnings, and statements of financial position). 9B16B008 American Apparel: Drowning in Debt? Anupam Mehta; The American clothing retailer American Apparel recently experienced a loss of $106 million and faced huge debt repayments. In addition, the chief executive officer (CEO) and founder was dismissed because of personal misconduct. Students must evaluate the financial status of the company and address the impact of the CEO s termination on the financial performance of the company. Publication Date: April 14, 2016 Pages: 8 Teaching Note(s): 8B16B008; Issues: Financial performance; financial analysis; trend analysis; financial health Industry: Retail Trade; Setting: United States, Large organization, 2014 Learning Objective: This case is intended for introductory classes on financial statement analysis. It is suitable for both postgraduate introductory lectures and undergraduate accounting courses. Students should have a basic knowledge and understanding of accounting concepts. Learning objectives are as follows: To conduct a comprehensive financial evaluation of a company. To use various financial assessment tools, including trend analysis, common size statements, and financial ratios. Publication Date: May 11, 2016 Discipline: Entrepreneurship; Accounting; Product Type/Pricing: Case (Field), Standard Supplement Page 7 of 10

9 9B16B007 Anandam Manufacturing Company: Analysis of Financial Statements Vinay Goyal; S.K. Mitra; In July 2015, the owner of the Anandam Company approached a bank for additional funding to meet the growing requirements of his garment manufacturing firm. The owner was confident about the financial prospects of his firm, with its fourfold increase in revenue and phenomenal increase in profit after taxes over the last three years. In a lengthy discussion with the bank manager, the owner shared the development of his company and the dynamics and growth opportunities of the garment and textile market in India. He believed his firm was performing strongly in a highly competitive industry environment. The bank manager instructed the loan officer to process the loan application as soon as possible and make a decision. Determining the health of the company would involve preparing a trend analysis and a common size statement, interpreting selected ratios, and preparing a basic statement of cash flows. Was the Anandam Company a good candidate for receiving a loan? Publication Date: April 13, 2016 Entrepreneurship; International; Pages: 6 Teaching Note(s): 8B16B007; Issues: Ratio analysis, cash flow analysis, financial analysis, bank loan Setting: India, Small organization, 2014 Learning Objective: This case is suitable for use in the early stage of an MBA or undergraduate core course in accounting where students are required to study the financial analysis of an organization. It is also relevant in bank management courses where the approval/rejection of loans is taught. The case requires students to conduct a financial analysis of the Anandam Company for the purpose of obtaining a loan from the bank. It entails the use of financial statement analysis, balance sheets, and income statements to provide a complete picture of a firm s financial health. The case allows students to calculate a series of financial ratios and perform basic financial statement analysis, which requires the preparation of a cash flow statement, trend analysis, and common size statements. The case will help demonstrate shortcomings in ratio analysis and will serve as a caution to students against misreading and misinterpreting financial statements. 9B16B003 Foxy Originals: The Online Expansion Elizabeth M.A. Grasby; Jessica Bond; The founders of a jewelry company, Foxy Originals, needed to decide how best to increase sales. The company sold its jewelry both online and through retailers across the United States and Canada. The founding partners had to decide whether they should focus more of their time and money on developing online sales or continue attending trade shows that attracted additional retail locations for Foxy Originals' products. Both partners wanted to ensure that they achieved a healthy work life balance. Publication Date: March 18, 2016 Product Type/Pricing: Case (Field), Standard Supplement Pages: 5 Teaching Note(s): 8B16B003; Issues: Contribution analysis, distribution, profitability analysis, management accounting Setting: Canada, Small organization, 2014 Learning Objective: This case is best taught in an introductory managerial accounting course at the undergraduate level. Objectives are: To identify costs relevant to the decision and categorize them as investments, fixed costs, or variable costs. To calculate unit contribution, contribution margin ratio, and weighted average contribution margin rates. To perform a breakeven analysis and interpret its meaning using relevant parameters (i.e., the potential number of orders trade shows/online sales could generate). To project the profitability of each distribution strategy. To perform a sensitivity analysis on the expected sales level for each distribution strategy. 9B16B005 Screen Microtech Inc. Vaughan S. Radcliffe; Deep Dhillon; Screen Microtech Inc., a capacitive touch screen manufacturer, had seen significant growth over the past year: it had moved its manufacturing plant, expanded operations, built a larger client base and seen an unprecedented increase in sales. Its chief executive officer was preparing an initial public offering that could lead to a significant bonus and stock shares for himself and for the company s chief financial officer. This could be enough to induce them to secure improved financial results through any means necessary. Certainly, it could bias their approach to accounting policy choices. Was the company s accounting ethical? Did it feature earnings management or earnings manipulation? What was the difference between the two, if any? What was the effect of such accounting practices on the financial markets? Publication Date: March 18, 2016 Product Type/Pricing: Case (Gen Exp), Standard Case Pages: 10 Teaching Note(s): 8B16B005; Issues: Accruals, adjustments, revenue recognition Setting: United States, Medium organization, 2015 Page 8 of 10

10 Learning Objective: This case is written for an introductory MBA course but could be used with a mature undergraduate audience. After completion of the case, students should be able to understand: Provision for returns and bad debts. Gain on sale of an asset. The application of different methods of depreciation. Write offs and reversals due to unforeseen events. 9B16B006 The Miswak Company Melissa Jean; Jonathan Drewnowsky; Two undergraduate business students wanted to assess the feasibility of starting a business that would sell an all natural and completely biodegradable alternative toothbrush the Miswak. A total of $50,000 had already been secured for the initial investment; however, the young partners wondered whether this investment would be sufficient to sustain the cash flows of the business for its first three years of operations and, if not, how much additional funding would be needed. To discover whether their proposed venture would be feasible, the pair set out to perform a variety of qualitative and quantitative analyses. Publication Date: March 16, 2016 Entrepreneurship; Pages: 10 Teaching Note(s): 8B16B006; Issues: Financial analysis, projections, break even, Canada Industry: Retail Trade; Setting: Canada, Small organization, 2014 Difficulty: Intro/Undergraduate Learning Objective: This case is intended for use with senior undergraduate students in courses that focus on entrepreneurship, financial management, or managerial accounting. Before attempting the case, students must be capable of performing industry, competitive, and consumer (SWOT) analyses, as well as conducting unit contribution and breakeven analyses and projecting financial statements. The case can be positioned as a course assessment tool in an individual or group setting. Upon successful completion of the case, students should be able to conduct the following activities: Perform industry, competitive, and consumer analyses in order to identify the risks and opportunities associated with the venture. Prepare detailed cash budgets, incorporating sensitivity analysis to determine financing requirements. Prepare projected income statements and balance sheets. Perform a breakeven analysis to assess the riskiness of the venture. Make a recommendation about whether to proceed with the venture, including any alterations to the original plans. 9B16B004 Textbooks for Change Elizabeth M.A. Grasby; Shannon Wright; In May 2015, the chief executive officer (CEO) of a small social enterprise was trying to decide how to expand its business. Textbooks for Change collected used texts from universities and supported African entrepreneurs and universities by donating text sales proceeds or through the distribution of donated materials to deserving schools. The CEO was considering expanding the business to collect textbooks from universities outside its region, and wanted to assess the potential financial viability of three targeted universities. Publication Date: March 09, 2016 Product Type/Pricing: Case (Field), Standard Supplement Pages: 5 Teaching Note(s): 8B16B004; Issues: Break even analysis, growth strategy, social enterprise, contribution analysis Industry: Educational Services; Setting: Canada, Small organization, 2015 Learning Objective: This case is recommended for introductory courses in managerial accounting at the first or second year undergraduate level. After completion of this case, students should be able to: Classify costs and use this knowledge to analyze a decision quantitatively. Understand the purpose and mechanics of a breakeven analysis. Practise using breakeven analysis as an analytical tool. Recognize the importance of working within corporate constraints when making a decision. Learn about social enterprise businesses and find out what makes them successful. 9B16B002 Hospitality Services Eatery Challenges Elizabeth M.A. Grasby; Richard Bloomfield; The associate director of hospitality services at a large university had to address overcapacity at an on campus eatery. The eatery was experiencing long lineups and severe bottlenecks, especially at its full service coffee outlet. Seating capacity was also short of demand, and no additional space was available. The associate director also faced pressure from university administration to consider closing a nearby eatery as a result of its poor profitability, but doing so would put additional strain on the already overcapacity eatery. After examining profitability and completing a corporate assessment, the associate director expected to have a better idea of how to tackle the current capacity and profitability issues. Publication Date: March 07, 2016 Pages: 11 Teaching Note(s): 8B16B002; Issues: Contribution analysis, segment reporting, cost allocation, sub unit evaluation Industry: Accommodation & Food Services; Setting: Canada, Medium organization, 2015 Page 9 of 10

11 Learning Objective: This case is suitable for use in an introduction to managerial accounting course. After completion of the case, students will be able to: Complete a brief industry, corporate, and consumer analysis. Conduct a sub unit evaluation to understand the costs related to each unit s contribution. Qualitatively analyze options for performance and profitability. Make recommendations from the viewpoint of the associate director of hospitality services. 9B16B001 Smith Commercial Developments Elizabeth M.A. Grasby; Brian Langen; The president of a commercial development company needed to secure investor financing to develop a retail plaza. He must analyze the development s costs and benefits in order to convince investors to finance the project. The president wanted to create value while reducing risk for both the company and the investor group when deciding whether to move forward with this opportunity. He had a week to perform his qualitative analysis. Publication Date: February 29, 2016 Pages: 6 Teaching Note(s): 8B16B001; Issues: Managerial accounting, investor relations, financing, differential analysis Industry: Real Estate and Rental and Leasing; Setting: Canada, Medium organization, 2014 Learning Objective: Students use the differential cash flow model (relevant costs) to evaluate the alternatives within the case. Qualitatively, students are expected to analyze the potential success of the plaza. Based on their complete analysis, students are asked to complete the following: Perform a business size up. Analyze the potential success of a new plaza development from a qualitative perspective. Perform a differential analysis for the plaza development to determine the return on investment and payback period from an investor. Determine whether to pursue the development of the plaza and outline a plan to convince investors to invest. For more information or to order any of these or other materials, contact: Ivey Publishing Ivey Business School at Western University 1255 Western Road, London, Ontario, Canada N6G 0N1 t tf (in Canada and the United States) f e.

BEST-SELLING ACCOUNTING CASES

BEST-SELLING ACCOUNTING CASES 2016-17 BEST-SELLING ACCOUNTING CASES Corporate Governance; Auditing; Board of Directors; Fraud GOVERNANCE FAILURE AT SATYAM Ajai Gaur, Nisha Kohli An acquisition decision by Satyam Corporation created

More information

Business Course Descriptions

Business Course Descriptions Business Course Descriptions AHSS 1000 Microeconomics Microeconomics introduces students to the ideas of how society and individuals use limited resources to meet their needs. It focuses on the individual

More information

What s right for your business?

What s right for your business? What s right for your business? CFO Edge, LLC Enterprise-Class Financial & Operational Performance Solutions www.cfoedge.com Introduction White Paper Overview Business leaders at growing and entrepreneurial

More information

Modules for Accounting and Finance

Modules for Accounting and Finance Modules for Accounting and Finance Modules, other than Introductory modules may have pre-requisites or co-requisites (please, see module descriptions below) and a student must have undertaken and passed

More information

REPORT ON THE CORPORATE FINANCE QUALIFICATION PROGRAMME DIPLOMA / INTERMEDIATE STAGE EXAMINATION SEPTEMBER 2007

REPORT ON THE CORPORATE FINANCE QUALIFICATION PROGRAMME DIPLOMA / INTERMEDIATE STAGE EXAMINATION SEPTEMBER 2007 The Canadian Institute of Chartered Accountants and The Institute of Chartered Accountants in England and Wales REPORT ON THE CORPORATE FINANCE QUALIFICATION PROGRAMME DIPLOMA / INTERMEDIATE STAGE EXAMINATION

More information

BUSINESS ADMINISTRATION (Non-EMBA) COURSES Student Learning Outcomes 1

BUSINESS ADMINISTRATION (Non-EMBA) COURSES Student Learning Outcomes 1 BUSINESS ADMINISTRATION (Non-EMBA) COURSES Student Learning Outcomes 1 BA 100: Exploration of Business 1. Explain the culture of higher education. 2. Undertake critical examination and self-reflection

More information

EMBA COURSES Student Learning Outcomes 1

EMBA COURSES Student Learning Outcomes 1 EMBA COURSES Student Learning Outcomes 1 BA 601: Organizational Behavior for Executives At the end of this course, students should be able to: Apply knowledge of how to effectively analyze, manage and

More information

HI6026 Audit, Assurance and Compliance TRIMESTER 3, 2017 INDIVIDUAL ASSIGNMENT 1

HI6026 Audit, Assurance and Compliance TRIMESTER 3, 2017 INDIVIDUAL ASSIGNMENT 1 HI6026 Audit, Assurance and Compliance TRIMESTER 3, 2017 INDIVIDUAL ASSIGNMENT 1 Assessment Value: 20% Instructions: This assignment is to be submitted in accordance with assessment policy stated in the

More information

Master of Business Administration Program in the Faculty of Business Administration and Economics

Master of Business Administration Program in the Faculty of Business Administration and Economics Master of Business Administration Program in the Faculty of Business Administration and Economics The Faculty of Business Administration and Economics at Haigazian University offers a degree program leading

More information

Interim Results For the six months ended 30 September 2011

Interim Results For the six months ended 30 September 2011 Interim Results For the six months ended 30 September 2011 Tricorn Group plc ( Tricorn or the 'Group'), (TCN.L) the AIM quoted tube manipulation specialist, today announces its unaudited interim results

More information

Steelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share

Steelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share Steelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Dec. 19, 2001--Steelcase Inc. (NYSE:SCS) today reported

More information

Global Dental Equipment: How Variance Analysis Can Help a Startup Business Survive Growing Pains

Global Dental Equipment: How Variance Analysis Can Help a Startup Business Survive Growing Pains Global Dental Equipment: How Variance Analysis Can Help a Startup Business Survive Growing Pains Michael T. Lee* Celia J. Renner Abstract This educational case study describes an entrepreneurial crisis

More information

Memorandum Issue Date September 2012

Memorandum Issue Date September 2012 Memorandum Issue Date September 2012 Project Topic Revenue from Contracts with Customers Summary of user outreach The following summarizes user outreach conducted with analysts and investors that cover

More information

Financial Management. Presentation at a students engagement seminar on 3 rd February 2018 at Imperial Royale Hotel Kampala.

Financial Management. Presentation at a students engagement seminar on 3 rd February 2018 at Imperial Royale Hotel Kampala. Financial Management Presentation at a students engagement seminar on 3 rd February 2018 at Imperial Royale Hotel Kampala. Introduction Due to poor performances in some papers, numerous recommendations

More information

PURCHASE PRICE ALLOCATION

PURCHASE PRICE ALLOCATION PURCHASE PRICE ALLOCATION Federated Press September 18, 2002, Toronto, Canada James P. Catty 2002 This presentation deals with the allocation of the purchase price of an acquisition between the assets

More information

Module Practical Application Checklist:

Module Practical Application Checklist: Module Practical Application Checklist: MODULE 1 The Practical Application Checklists outline specific workplace tasks, by competency area, that CASB students are able to perform upon completion of each

More information

Mr Simon Israel, Chairman of SingPost Speech at the 25th SingPost Annual General Meeting, 20 July 2017

Mr Simon Israel, Chairman of SingPost Speech at the 25th SingPost Annual General Meeting, 20 July 2017 Mr Simon Israel, Chairman of SingPost Speech at the 25th SingPost Annual General Meeting, 20 July 2017 (Delivered by Mrs Fang Ai Lian, Lead Independent Director of SingPost) Good afternoon, On behalf of

More information

GLOSSARY OF TERMS ENTREPRENEURSHIP AND BUSINESS INNOVATION

GLOSSARY OF TERMS ENTREPRENEURSHIP AND BUSINESS INNOVATION Accounts Payable - short term debts incurred as the result of day-to-day operations. Accounts Receivable - monies due to your enterprise as the result of day-to-day operations. Accrual Based Accounting

More information

ACCOUNTING (ACCT) ACCT Prerequisites: Both (a) ACCT 1210 or ACCT 2293, and (b) BUQU 1130, MATH 1120, MATH 1130 or MATH 1140.

ACCOUNTING (ACCT) ACCT Prerequisites: Both (a) ACCT 1210 or ACCT 2293, and (b) BUQU 1130, MATH 1120, MATH 1130 or MATH 1140. ACCOUNTING (ACCT) This is a list of the Accounting (ACCT) courses available at KPU. For information about transfer of credit amongst institutions in B.C. and to see how individual courses transfer, go

More information

REPORT ON THE CORPORATE FINANCE QUALIFICATION EDUCATION PROGRAM INTERMEDIATE STAGE / DIPLOMA EXAMINATION. March 2008

REPORT ON THE CORPORATE FINANCE QUALIFICATION EDUCATION PROGRAM INTERMEDIATE STAGE / DIPLOMA EXAMINATION. March 2008 The Canadian Institute of Chartered Accountants and The Institute of Chartered Accountants in England and Wales REPORT ON THE CORPORATE FINANCE QUALIFICATION EDUCATION PROGRAM INTERMEDIATE STAGE / DIPLOMA

More information

Retail Industry Rating Methodology

Retail Industry Rating Methodology April 2015 Retail Industry Rating Methodology Summary This rating methodology introduces the key rating factors of retail industry adopted by China Chengxin (Asia Pacific) Credit Ratings Company Limited

More information

MARKETING AND SUPPLY CHAIN MANAGEMENT

MARKETING AND SUPPLY CHAIN MANAGEMENT MSC Marketing and Supply Chain MARKETING AND SUPPLY CHAIN MANAGEMENT MSC Department of Marketing and Supply Chain The Eli Broad College of Business and The Eli Broad Graduate School of 293 Cooperative

More information

Master of Business Administration Course Descriptions

Master of Business Administration Course Descriptions Master of Business Administration Course Descriptions CORE COURSES MBAB 5P01 Accounting for Decision-Making I The functional basics of accounting for management and business decisions. Data collection,

More information

No Code Course Title Course Descriptions Prerequisite*

No Code Course Title Course Descriptions Prerequisite* 1 AC201 Fundamental Accounting The basic principles, concepts, and procedures for collecting and recording accounting information; preparation and analysis of financial reports; accounting Cycle; accounting

More information

M16/3/BUSMT/HP1/ENG/TZ0/XX BUSINESS MANAGEMENT STANDARD LEVEL PAPER 1. Practice examination 2016 Todos os Mercados.

M16/3/BUSMT/HP1/ENG/TZ0/XX BUSINESS MANAGEMENT STANDARD LEVEL PAPER 1. Practice examination 2016 Todos os Mercados. M16/3/BUSMT/HP1/ENG/TZ0/XX BUSINESS MANAGEMENT STANDARD LEVEL PAPER 1 Practice examination 2016 Todos os Mercados 1 hour 15 minutes INSTRUCTIONS TO CANDIDATES Do not open this examination paper until instructed

More information

Martin Cobb, FCMA, CGMA, CMA, CFM, CIA Interim and Outsourced CFO Services

Martin Cobb, FCMA, CGMA, CMA, CFM, CIA Interim and Outsourced CFO Services Martin Cobb, FCMA, CGMA, CMA, CFM, CIA Interim and Outsourced CFO Services Financial Management Consulting, LLC Ann Arbor, Michigan United States of America P-(734)-368-1339 F-(815)-331-0592 mcobb@finance-mgt.com

More information

ACCOUNTING AND INFORMATION SYSTEMS (ACCT I S)

ACCOUNTING AND INFORMATION SYSTEMS (ACCT I S) Accounting and Information Systems (ACCT I S) 1 ACCOUNTING AND INFORMATION SYSTEMS (ACCT I S) ACCT I S 100 INTRODUCTORY FINANCIAL ACCOUNTING Examines generally accepted accounting principles for measurement

More information

Public Sector Certificate Program

Public Sector Certificate Program Public Sector Certificate Program NEW! Increase your skills, confidence and expertise in public sector finance Featuring: Superior academic rigor with content relevant to your field Online

More information

How to qualitatively assess indefinite-lived intangibles for impairment

How to qualitatively assess indefinite-lived intangibles for impairment No. 2012-26 18 October 2012 Technical Line FASB final guidance How to qualitatively assess indefinite-lived intangibles for impairment In this issue: Overview... 1 Key considerations... 2 Applying the

More information

Copyright CEMEX Holdings Philippines, Inc. and its subsidiaries

Copyright CEMEX Holdings Philippines, Inc. and its subsidiaries This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as may, should, could, anticipate, estimate, expect, plan,

More information

BUSM - FULL-TIME MBA PROGRAM

BUSM - FULL-TIME MBA PROGRAM BUSM - Full-Time MBA Program 1 BUSM - FULL-TIME MBA PROGRAM BUSM600 Leadership and Teamwork (2 Credits) Course examines concepts of team-building and leadership which are critical to managerial success.

More information

Business needs and potential solutions

Business needs and potential solutions Business needs and potential solutions Survey report Research and Market Intelligence at BDC May 2018 Table of contents 01 Methodology 02 Summary of results 03 Detailed results BDC SME needs and potential

More information

This course supports the assessment for Financial Management. The course covers 7 competencies and represents 3 competency units.

This course supports the assessment for Financial Management. The course covers 7 competencies and represents 3 competency units. This course supports the assessment for Financial Management. The course covers 7 competencies and represents 3 competency units. Introduction Overview The Financial Management course covers practical

More information

Landstar System, Inc. April 20,

Landstar System, Inc.   April 20, For Immediate Release Contact: Kevin Stout Landstar System, Inc. www.landstar.com April 20, 2016 904-398-9400 LANDSTAR SYSTEM REPORTS FIRST QUARTER REVENUE OF $712 MILLION AND RECORD FIRST QUARTER DILUTED

More information

SCHOOL OF DISTANCE EDUCATION :: ANDHRA UNIVERSITY 3-YEAR MBA III YEAR ASSIGNMENTS FOR THE ACADEMIC YEAR

SCHOOL OF DISTANCE EDUCATION :: ANDHRA UNIVERSITY 3-YEAR MBA III YEAR ASSIGNMENTS FOR THE ACADEMIC YEAR BUSINESS POLICY AND STRATEGIC MANAGEMENT [Common to MBA (Finance), MBA (HRM), MBA (Marketing)] 1. a) Distinguish between Mission and objectives b) Difference between Policy and Strategy 2. a) The 7 S Framework

More information

EXECUTIVE DIPLOMA PROGRAMMES

EXECUTIVE DIPLOMA PROGRAMMES Lucerne City, Switzerland EXECUTIVE DIPLOMA PROGRAMMES PREPARING PROFESSIONALS IN A CHANGING WORLD bhms.ch A Member of the Education Group Switzerland OVERVIEW YOUR BENEFITS Your managerial career path

More information

Presentation Q4 2017/18. October, 2018

Presentation Q4 2017/18. October, 2018 Presentation Q4 2017/18 October, 2018 YEAR-END REPORT 2017/18 Dustin at a glance 255,000 hardware and software products sold online Net sales Software and services ~12% Hardware ~88% Hardware Clients Software

More information

Finance for non-financial managers

Finance for non-financial managers Finance for non-financial managers Contact us: Warszawa Katarzyna Babiarz tel. +48 502 444 012 katarzyna.babiarz@pl.ey.com Wrocław & Poznań Renata Michalak tel. +48 508 018 460 renata.michalak@pl.ey.com

More information

Corporate Governance Policies

Corporate Governance Policies Corporate Governance Policies 1/4/2018 Partial Revision and enforcement 1/10/2015 Establishment Kurita Water Industries Ltd. Table of contents 1.Basic Concept...2 2.Basic Policies...2 (1) Ensuring the

More information

SILVERCORP NET INCOME $43.7 MILLION, $0.26 PER SHARE, FOR FISCAL 2017

SILVERCORP NET INCOME $43.7 MILLION, $0.26 PER SHARE, FOR FISCAL 2017 NEWS RELEASE Trading Symbol: TSX: SVM NYSE MKT: SVM SILVERCORP NET INCOME $43.7 MILLION, $0.26 PER SHARE, FOR FISCAL 2017 VANCOUVER, British Columbia May 25, 2017 Silvercorp Metals Inc. ( Silvercorp or

More information

Entertainment Business Finance Leadership Portfolio. Patrick Masters. Entertainment Business Finance

Entertainment Business Finance Leadership Portfolio. Patrick Masters. Entertainment Business Finance EBF Leadership Portfolio 1 Entertainment Business Finance Leadership Portfolio Patrick Masters Entertainment Business Finance March 21, 2010 EBF Leadership Portfolio 2 EBF Leadership Portfolio It is important

More information

X MANAGEMENT (4 UNITS) Business Valuation (Online)

X MANAGEMENT (4 UNITS) Business Valuation (Online) Page 1 Course Prerequisites Introductory Corporate Finance or equivalent X 430.132 MANAGEMENT (4 UNITS) Business Valuation (Online) Course Description: This course explores the basics of business valuation,

More information

This examination paper is designed to test candidates ability to demonstrate their understanding and application of the following key syllabus areas:

This examination paper is designed to test candidates ability to demonstrate their understanding and application of the following key syllabus areas: General Comments This examination paper is designed to test candidates ability to demonstrate their understanding and application of the following key syllabus areas: Identify the impact of electronic

More information

Mind Your Own Business

Mind Your Own Business Mind Your Own Business You may be asking by now, what is the point of all this financial analysis that has been presented in the previous seven articles? It isn t to make work for your accountant although

More information

Family Office and Concierge Services

Family Office and Concierge Services Family Office and Concierge Services our service promise... listening, communicating and responding Table of Contents Why Outsource? Finance Management and Accounting Services About Us Additional Grassi

More information

MAGNA INTERNATIONAL INC. BOARD CHARTER

MAGNA INTERNATIONAL INC. BOARD CHARTER MAGNA INTERNATIONAL INC. BOARD CHARTER Purpose This Charter has been adopted by the Board of Directors to assist the Board in the exercise of its responsibilities. This Charter, together with the Corporate

More information

BOARD PROFILE. BUSINESS DEVELOPMENT BANK OF CANADA (BDC or the Bank)

BOARD PROFILE. BUSINESS DEVELOPMENT BANK OF CANADA (BDC or the Bank) BOARD PROFILE BUSINESS DEVELOPMENT BANK OF CANADA (BDC or the Bank) Mandate of BDC The Business Development Bank of Canada (BDC) is devoted to supporting Canadian entrepreneurs, in line with its aspiration

More information

Advisory & Client Services

Advisory & Client Services Advisory & Client Services BlackRock was founded by eight entrepreneurs who wanted to start a very different company. One that combined the best of a financial leader and a technology pioneer. And one

More information

Heavy Construction Systems Specialists, In. (HCSS) July 2011

Heavy Construction Systems Specialists, In. (HCSS) July 2011 Heavy Construction Systems Specialists, In. (HCSS) July 2011 INSTRUCTOR S MANUAL 1. Intended Course(s) and Audience: Instructors can use this case at the undergraduate level with students majoring in management.

More information

Strategy is the way a business operates in order to achieve its aims and objectives.

Strategy is the way a business operates in order to achieve its aims and objectives. Chapter 6 Strategy and implementation Business objectives and strategy Strategy is the way a business operates in order to achieve its aims and objectives. There are two sides to strategy - the first is

More information

MAGNA INTERNATIONAL INC. BOARD CHARTER

MAGNA INTERNATIONAL INC. BOARD CHARTER MAGNA INTERNATIONAL INC. BOARD CHARTER MAGNA INTERNATIONAL INC. BOARD CHARTER Purpose This Charter has been adopted by the Board of Directors to assist the Board in the exercise of its responsibilities.

More information

Accounting (ACCT) Courses. Accounting (ACCT) 1

Accounting (ACCT) Courses. Accounting (ACCT) 1 Accounting (ACCT) 1 Accounting (ACCT) Courses ACCT 5001. Accounting for Managerial and Investment Analysis and Planning. 3 Credit Hours. This course presents the concepts of financial and managerial accounting

More information

Proposed Teaching Syllabus and Schedule S.4 Business, Accounting and Financial Studies

Proposed Teaching Syllabus and Schedule S.4 Business, Accounting and Financial Studies Proposed Teaching Syllabus and Schedule S.4 Business, Accounting and Financial Studies Teaching Program Cycle(s) Taken 1(c) Introduction to Accounting Purposes and the Changing Role of Accounting Uses

More information

Public Courses. Practical financial skills to get you desk ready. Madrid

Public Courses. Practical financial skills to get you desk ready. Madrid Public Courses Practical financial skills to get you desk ready Madrid About AMT Training CPD whenever you need it Throughout their careers, finance professionals need access to continuing professional

More information

RESEARCH NOTE THE STAGES OF AN ANALYTIC ENTERPRISE

RESEARCH NOTE THE STAGES OF AN ANALYTIC ENTERPRISE Return on Investment March 2012 Document M17 RESEARCH NOTE THE STAGES OF AN ANALYTIC ENTERPRISE THE BOTTOM LINE In its extensive look at business intelligence (BI), performance management (PM), predictive

More information

Canadian Tire Corporation to Acquire Helly Hansen

Canadian Tire Corporation to Acquire Helly Hansen Canadian Tire Corporation to Acquire Helly Hansen May 2018 Forward-Looking Statement This presentation contains forward-looking information within the meaning of applicable securities legislation, which

More information

Bachelor of Science (Honours)

Bachelor of Science (Honours) Bachelor of Science (Honours) Business Management Business Management with Communications Business Management with Communications and Year in Industry Business Management with Industrial Placement International

More information

PROGRESSIVE MINDS APPLY

PROGRESSIVE MINDS APPLY PROGRESSIVE MINDS APPLY Global student and graduate programmes 2017 / 2018 hsbc.com/careers CONTENTS 04 The start of an exciting journey 06 Who we are and what we do 08 12 Career development HSBC_brochure_Global_16-08-2017-210x210

More information

Master of Science in Accounting Course Scheduling Guide

Master of Science in Accounting Course Scheduling Guide Master of Science in Accounting Course Scheduling Guide 2018 2019 Updated 2/6/2018 General Overview OVERVIEW The M.S. in Accounting is a 30-credit degree program. More credits may be needed if prerequisite

More information

PLANNING FOR SUCCESS P a g e 0

PLANNING FOR SUCCESS P a g e 0 PLANNING FOR SUCCESS P a g e 0 PLANNING FOR SUCCESS P a g e 1 Planning for Success: Your Guide to Preparing a Business and Marketing Plan This guide is designed to help you put together a comprehensive,

More information

Cambridge Assessment International Education Cambridge International Advanced Subsidiary and Advanced Level. Published

Cambridge Assessment International Education Cambridge International Advanced Subsidiary and Advanced Level. Published Cambridge Assessment International Education Cambridge International Advanced Subsidiary and Advanced Level BUSINESS 9609/1 Paper 1 Short Answer/Essay MARK SCHEME Maximum Mark: 40 Published This mark scheme

More information

THE FIRST OF LONG ISLAND CORPORATION CORPORATE GOVERNANCE GUIDELINES

THE FIRST OF LONG ISLAND CORPORATION CORPORATE GOVERNANCE GUIDELINES PURPOSE AND BOARD RESPONSIBILITIES The purpose of these Corporate Governance Guidelines is to continue a long-standing commitment to good corporate governance practices by The First of Long Island Corporation

More information

Daiwa Securities Group Medium-Term Management Plan. Passion for the Best Daiwa Securities Group Inc. has released Passion for the Best 2020, the

Daiwa Securities Group Medium-Term Management Plan. Passion for the Best Daiwa Securities Group Inc. has released Passion for the Best 2020, the Press Release April 6, 2018 Daiwa Securities Group Inc. Attention This is an unofficial translation of the press release issued on April 6, 2018, by Daiwa Securities Group Inc. The original press release

More information

Currently offered as an international partner program and open only to students affiliated with the international partner institution.

Currently offered as an international partner program and open only to students affiliated with the international partner institution. Accounting, M.S. 1 Accounting, M.S. FOX SCHOOL OF BUSINESS AND MANAGEMENT (http://www.fox.temple.edu) About the Program Currently offered as an international partner program and open only to students affiliated

More information

Corporate Governance of NTT DATA Corporation

Corporate Governance of NTT DATA Corporation Corporate Governance of NTT DATA Corporation June 20, 2018 Chapter 1 Basic Views 1. Basic Views The NTT DATA Group aims to establish a business structure that produces stable profits through continuous

More information

Logitech. July 24, 2013

Logitech. July 24, 2013 Logitech Q1 Fiscal Year 2014 July 24, 2013 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws, including, without limitation,

More information

Our unique, sustainable attributes

Our unique, sustainable attributes Investor overview At Texas Instruments, our focus is on building a better future as we design, make and sell semiconductors. We have about 100,000 customers all over the world who use our chips. For more

More information

Investor Presentation. February 2007

Investor Presentation. February 2007 Investor Presentation February 2007 1 Cautionary Statement Cautionary Note about Forward-Looking Statements: Please note that in this presentation, we may discuss events or results that have not yet occurred

More information

Business Administration

Business Administration The Department offers a variety of courses in business which allows a student to comply with the lower-division requirements for transfer to university level programs. Courses are also offered which allow

More information

MBA Curriculum Program Schedule

MBA Curriculum Program Schedule MBA Curriculum Program Schedule Click on Course Title to see Course Description Accounting ACCT 600 1 st Semester Finance FIN 620 Leadership & Ethics BUAD 625 Information Technology & Supply Chain INSS

More information

C A P I T A L ~ S T R A T E G Y ~ O P T I M I Z A T I O N F O R B U S I N E S S O W N E R S

C A P I T A L ~ S T R A T E G Y ~ O P T I M I Z A T I O N F O R B U S I N E S S O W N E R S C A P I T A L ~ S T R A T E G Y ~ O P T I M I Z A T I O N F O R B U S I N E S S O W N E R S About 360 Profit Masters Capital ~ Strategy ~ Optimization Whether your business is seeking capital, profitability

More information

Corporate Governance Policy of The Japan Steel Works, Ltd.

Corporate Governance Policy of The Japan Steel Works, Ltd. Corporate Governance Policy of The Japan Steel Works, Ltd. Established: November 18, 2015 Amendment: June 24, 2016 Chapter 1. General Provisions 1. Purpose The purpose of this document is to prescribe

More information

Chief Executive Letter

Chief Executive Letter Chief Executive Letter March 217 216 results: A solid performance for our 1th year Dear Colleagues, At the time of releasing our 216 results, we recognize significant efforts made by everyone and the benefit

More information

MNP OILFIELD SERVICES. We Put Energy Into Knowing Your Business

MNP OILFIELD SERVICES. We Put Energy Into Knowing Your Business MNP OILFIELD SERVICES We Put Energy Into Knowing Your Business THE OILFIELD SERVICES SECTOR HAS CHANGED MORE IN THE LAST FIVE YEARS THAN THE PREVIOUS FIFTY. Jeremy Rondeau, National Oilfield Services Leader,

More information

GlobalSCAPE. Moderator: Mendy Marsh November 10, :30 p.m. CT

GlobalSCAPE. Moderator: Mendy Marsh November 10, :30 p.m. CT GlobalSCAPE Moderator: Mendy Marsh November 10, 2010 3:30 p.m. CT Operator: Mendy Marsh: Good evening. My name is Zarona and I would like to welcome everyone to the third quarter earnings conference call.

More information

UNIVERSITY OF TORONTO FACULTY OF APPLIED SCIENCE AND ENGINEERING. FINAL EXAMINATION, Thursday April 27th CHE 488 and CIV 488

UNIVERSITY OF TORONTO FACULTY OF APPLIED SCIENCE AND ENGINEERING. FINAL EXAMINATION, Thursday April 27th CHE 488 and CIV 488 UNIVERSITY OF TORONTO FACULTY OF APPLIED SCIENCE AND ENGINEERING FINAL EXAMINATION, Thursday April 27th 2017 CHE 488 and CIV 488 ENTREPRENEURSHIP and BUSINESS for ENGINEERS Examination is 2 hours 30 minutes

More information

Fundamental Analysis for Investors, Managers and Entrepreneurs PRELIMINARY Course Description and Objectives

Fundamental Analysis for Investors, Managers and Entrepreneurs PRELIMINARY Course Description and Objectives Professor Trevor Harris 608 Uris Hall, tel: (212) 851-1802 Email: tsh1@columbia.edu B7010 EMBA Fundamental Analysis for Investors, Managers and Entrepreneurs PRELIMINARY Course Description and Objectives

More information

FORM 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, D.C ERIE INDEMNITY COMPANY

FORM 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, D.C ERIE INDEMNITY COMPANY FORM 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For quarter ended September 30, 2001 Commission file

More information

Business Plan - CMIFOX Inc. As of November 24, 2018

Business Plan - CMIFOX Inc. As of November 24, 2018 Business Plan - CMIFOX Inc. As of November 24, 2018 The Company Business Sector The company currently operates in the following industry: CMIFOX Inc. will provide the first ever, multi-use, all-in-one

More information

Amsterdam, The future of retail banking: the customers

Amsterdam, The future of retail banking: the customers Amsterdam, 2016 The future of retail banking: the customers The future of retail banking: the customers Retail banking was long referred to as a 3 6 3 business. The bank borrows money at a 3% interest

More information

Course Curriculums Detailed Course Descriptions Core Courses MBA Specialization Courses - Finance... 9

Course Curriculums Detailed Course Descriptions Core Courses MBA Specialization Courses - Finance... 9 Contents Course Curriculums... 4 Detailed Course s... 6 Core Courses... 6 MBA Specialization Courses - Finance... 9 MBA Specialization Courses - Management... 12 Kardan University 2 Program Introduction

More information

ECONOMIC AND FINANCIAL LITERACY LEARNING FRAMEWORK TO SUPPORT THOSE DEVELOPING CURRICULUM RE FINANCIAL CAPABILITY AND RESPONSIBILITY

ECONOMIC AND FINANCIAL LITERACY LEARNING FRAMEWORK TO SUPPORT THOSE DEVELOPING CURRICULUM RE FINANCIAL CAPABILITY AND RESPONSIBILITY ECONOMIC AND FINANCIAL LITERACY LEARNING FRAMEWORK TO SUPPORT THOSE DEVELOPING CURRICULUM RE FINANCIAL CAPABILITY AND RESPONSIBILITY Developed by: Gary Rabbior, President, Canadian Foundation for Economic

More information

Resumes: Investment Banking SKILLS

Resumes: Investment Banking SKILLS Resumes: Investment Banking SKILLS Skills sought within your field. Examples of how this skill can be demonstrated on a resume. Communication Communicate verbally and in writing in order to summarize complex

More information

CFO Commentary on First-Quarter 2013 Results

CFO Commentary on First-Quarter 2013 Results Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 CFO Commentary on First-Quarter 2013 Results Summary First quarter revenue of $12.6B was down 7% sequentially, in line with the average

More information

Disclaimer Forward-Looking Statements Industry and Market Data Non-GAAP Financial Information

Disclaimer Forward-Looking Statements Industry and Market Data Non-GAAP Financial Information Disclaimer Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act ), the Securities Exchange Act

More information

TCS Financial Results

TCS Financial Results TCS Financial Results Quarter II FY 2017-18 Oct 12, 2017 1 Copyright 2017 Tata Consultancy Services Limited Disclaimer Certain statements in this release concerning our future prospects are forward-looking

More information

Farm Succession Planning

Farm Succession Planning Agriculture Farm Succession Planning Ten steps toward the future you want. 1 Agriculture Farm Succession Planning Succession planning Succession planning is often on the minds of farmers. That s really

More information

Developing Business and Acquisition Plans: Phases 1 & 2 of the Acquisition Process

Developing Business and Acquisition Plans: Phases 1 & 2 of the Acquisition Process Developing Business and Acquisition Plans: Phases 1 & 2 of the Acquisition Process If you don t know where you are going, any road will get you there. Alice in Wonderland Course Layout: M&A & Other Restructuring

More information

Business Organization and Management/Entrepreneurship Curriculum Maps

Business Organization and Management/Entrepreneurship Curriculum Maps Business Organization and Management/Entrepreneurship Curriculum Maps Unit 1: Should You Become an Entrepreneur? Unit 2: What Skills Do Entrepreneurs Need? Unit 3: Entrepreneurs in a Market Economy Unit

More information

THE BUILDING BLOCK MODEL

THE BUILDING BLOCK MODEL CHAPTER 10 PERFORMANCE EVALUATION THE BUILDING BLOCK MODEL This model is particularly suited to service industries. Fitzgerald and Moon divide performance measurement into three areas: 1. Standards. 2.

More information

paper p5 sample question RELEVANT TO PAPER P5

paper p5 sample question RELEVANT TO PAPER P5 01 sample question paper p5 sample question RELEVANT TO PAPER P5 Armstrong Stores (Armstrong) is a listed business with a chain of 126 general department stores in South Postland. The company is known

More information

FINANCE DEPARTMENT DIRECTOR

FINANCE DEPARTMENT DIRECTOR FINANCE DEPARTMENT DIRECTOR Controller Financial Operations Analyst Deputy Treasurer Utility Accounts Procurement & Risk Services Accounting & Reporting Customer Service Purchasing Accounts Payable Collections

More information

PPG Industries Inc. (PPG) Analyst: Denise Cheresposy Spring Recommendation: BUY Target Price until (12/31/2017): $135

PPG Industries Inc. (PPG) Analyst: Denise Cheresposy Spring Recommendation: BUY Target Price until (12/31/2017): $135 Recommendation: BUY Target Price until (12/31/2017): $135 1. Reasons for the Recommendation The reasons for my recommendation are based on the strength of acquisition justification, predicted economic

More information

Business Plan Workbook

Business Plan Workbook Business Plan Workbook Enterprise Date SCOPE OF DOCUMENT Business plans are subsets of strategic plans aimed specifically as focused succinct presentations to potential investors. Packaging of strategy

More information

Dubai Investments PJSC and its subsidiaries. Condensed consolidated interim financial statements 31 March 2017

Dubai Investments PJSC and its subsidiaries. Condensed consolidated interim financial statements 31 March 2017 Dubai Investments PJSC and its subsidiaries Condensed consolidated interim financial statements 2017 Condensed consolidated interim financial statements 2017 Contents Page Independent auditors report on

More information

Stewards Pooi Kei College Secondary 3 Business, Accounting & Financial Studies Teaching Schedule ( ) Teaching Concepts

Stewards Pooi Kei College Secondary 3 Business, Accounting & Financial Studies Teaching Schedule ( ) Teaching Concepts Stewards Pooi Kei College Secondary 3 Business, Accounting & Financial Studies Schedule (2014-2015) Subject Teachers: Mr. Simon Leung (Form Coordinator) /10-day Cycle: 4 (Half Term) 2 8 Double entry system

More information

2017 DIPLOMA IN CORPORATE FINANCE Paper Two: Corporate Finance Strategy and Advice

2017 DIPLOMA IN CORPORATE FINANCE Paper Two: Corporate Finance Strategy and Advice 2017 DIPLOMA IN CORPORATE FINANCE Paper Two: Corporate Finance Strategy and Advice Content 1. Corporate Strategy 2. Mergers and Acquisitions 3. Corporate Performance and Reconstructions 4. Supporting materials

More information

GUIDELINE FOR WRITING A BUSINESS PLAN

GUIDELINE FOR WRITING A BUSINESS PLAN GUIDELINE FOR WRITING A BUSINESS PLAN Copyright CERIM This project is implemented through the CENTRAL EUROPE Programme co-financed by the ERDF. DIRECTORY WRITING A BUSINESS PLAN 3 1. Why you need to write

More information

Questions You Should Answer Before Starting a New Dairy Processing Enterprise

Questions You Should Answer Before Starting a New Dairy Processing Enterprise Questions You Should Answer Before Starting a New Dairy Processing Enterprise by Brian M. Henehan, senior extension associate, Department of Applied Economics, and Management (AEM) at Cornell University

More information

CURRICULUM Master in Business Administration

CURRICULUM Master in Business Administration PROGRAM DESCRIPTION The MBA program has been designed to provide the student with a knowledge of the principles that are fundamental to the operation of all business organizations, as well as advanced

More information