acc533 university of trent
This case illustrates financial management and control issues in a not-for-profit setting. It focuses on the systems that can be employed for control and motivational purposes and the managerial environment needed for serious control efforts to take place.
Learning objective: To understand how control systems and financial analysis support the objectives of the organization.
After reading the case, prepare a 2-4 page written response to answer the following questions:
- Analyze the financial position of the University of Trent using the data in Exhibit 1A and 1B.
- Comparison of 19X5 to 19X6
- Common-size balance sheets for the two years
- Trend analysis for Revenues and Expenses 19X2 to 19X6
- Common-size trend analysis for Revenues and Expenses 19X2 to 19X6
- Ratios
- Evaluate Chip’s performance in terms of the technical quality of the changes he made and the methods he used to implement them.
- Do you think Chip’s overall performance is helpful to the University of Trent? Why? If you think his performance is less than perfect, specify how he should change it.
- Are the University of Trent’s goals consistent with the financial resources it needs to finance them? Explain.
- Is the University of Trent maintaining intergenerational equity? Explain.
-
- Is there an appropriate match between the sources of resources and the uses to which they are put? Explain.
- Are present resources sustainable? Explain.
Note: Be sure that you specifically answer the questions in your response.