Math 115 Winter 2016
Midterm Exam Information
Date. TR classes: February 11 (Thursday) in class. MWF classes: February 12
(Friday) in class.
The midterm exam will cover the materials from the beginning (review substitution
rule 5.5), 6.1, 6.2, 6.3, 6.5,
Scorecard performance management :E
a uphold its reputation as one of the
a nation. '
iylor-Greenway for providing access and
APPLYING THE BALANCED SCORECARD to nonprot organizations
OM 352 Course Outline Fall, 2012
University of Alberta
School of Business
Department of Accounting, Operations and Information Systems
Facilitator: Bora Kolfal, Ph.D.
Office: BUS 3-40H
Email: [email protected]
Office hours: by appoin
Modern companies reject centralization, inflexible
planning, and command and control. So why do
they cling to a process that reinforces those things?
by Jeremy Hope
and Robin Fraser
UDGETING, as most corporations
Audit Planning Memo for Rocky Mountain Liquor Inc.
Client Risk Profile
Environment (Industry Risks)
Rocky Mountain Liquor Inc. (RML) is a publicly traded Canadian company. In 2008,
RML acquired Andersons Liquor Inc (Andersons) which operates private liquo
In the summer of 1994, Jeff Bezos sacrificed a promising career in investment banking
and his personal savings to start what would become the Earths Biggest Bookstore,
Amazon.com. He left New York and went to Seattle and like so many successfu
BUDGETS AND PLANNING
1. Approaches to budgeting
2. Target setting and participation
3. Beyond Budgeting?
WHAT ARE BUDGETS?
Putting your money (resources)
where your mouth (i.e., a strategic
Textbook approaches to budgeting
There is no other
Cash Flows at Amazon.com
Does Accounting Matter?
Cash is King
A popular sentiment among non-accountants is that
accounting provides very little value and that the most
important information given by accounting involves very
little accounting, ie Cash
ACCTG 426- Class 2
1. The reasons for using cases
2. Case discussions
3. Preparing your case report
THE REASONS FOR USING
Learning by doing: application of principles.
Complexity of situations: dealing with
BUDGETING IN THE DEPARTMENT
This case was prepared by Professor David Cooper, with the assistance of Louis Morin.
Financial Assistance of the University of Albertas Government Interchange Program is
gratefully acknowledged. The material in th
ACCTG 426- Class 1
Who am I?
Professor of Accounting here since 1989.
Editor of Academic Journal- Accounting,
Organizations and Society.
Currently researching performance
measurement systems in multinational orgs in
corporations and NGOs.
Also have st
BOSTON LYRIC OPERA
Report to Janice del Sesto? To Sharif Nada? Someone else?
Several possible focuses of report. E.g.:
Why is application of BSC at BLO successful (or unsuccessful)?
How was BSC developed?
What uses are made of BSC?
Case: Boston Lyric Opera
Start with a review of some key concepts from the two articles on the Balanced
1. What is the difference between outcome measures and performance drivers? Why
is this difference important?
2. What is the role of a custo
Consolidated Balance Sheet
At December 31, 2015
Property, plant and equipment
Reporting and Analyzing
Receivables are amounts that are due from
customers or other parties. Common
Accounts Receivable(trade receivable)
Amounts owing by credit customers or
customers that paid wit
Reporting and Analyzing
Only business form that is recognized as a
separate legal entity
Has most of the rights and privileges of a
The creation of a corporation is regulated by
Canada Business Corp
Reporting and Analyzing
Current obligations arising from past transactions and
requiring future settlement of assets or services
Current liability will be settled within the year
The Accounting Information
THE PURPOSE AND USE
WHAT IS ACCOUNTING ABOUT?
THE LANGUAGE OF BUSINESS
we can study accounting, we must
understand a few things about business
experience do you have with
create a fictional b
Bank Reconciliation Information
11111 Whyte Avenue
June 30, balance forward
Cheque #132 (T-Bar landscape)
1. Deposits in Transit must be added to the bank side of the reconciliation because they have been added to the book side when
the deposits were recorded by the company.
2. Outstanding Checks should be subtracted from the bank side of
Gross Profit Margin
Gross profit / Net sales
Profit / Net sales
Earnings Per Share (EPS)
Profit preferred dividends / Weighted average
number of common shares
Market price per
CA 1-3 Page 26
(a) Shareholders, Employees, Managers, Customers, Suppliers.
Shareholders are owners of the company, they concerned about the
growth of the business and dividends. When share price drops their
investment return also drops and they may n
Relevant Costs for Decision
Chapter 12 : What do we
Tactical decision making
Relevant and Irrelevant Costs
Differential/Marginal Costing Analysis
Differential Costing Analysis in Decision
Keep or d
Cost Terms, Concepts &
ACC 322 : Chapter 2
Chapter 2: What do we
What is a Cost?
Cost versus Expense
Types of Cost
Product and period costs
Direct, indirect and common costs
Fixed, variable and mixed costs
Chapter 9: What do we learn?
Budgeting : Definition and Process?
Master Budget and its components
Direct Materials Budget
Direct Labor Budget
Manufacturing Overhead Budget
Finished Good Inv
Cost Behaviour: Analysis and
Chapter 3: What do we learn?
Behavior of Fixed and Variable costs
Marginal Costs versus Average Costs
Analysis of Mixed Costs
Scatter Diagram Method
Management Accounting and
the Business Environment
Chapter 1: What do we learn?
What is managerial accounting?
Why is it important?
Managerial versus Financial Accounting