I’m working on a Accounting exercise and need support.
A case study is an account of an activity, event, or problem that contains a real or hypothetical situation and includes the complexities you would encounter in the workplace.Case studies require students to evaluate an ambiguous, complex business case, perform research, and apply Managerial Accounting knowledge to develop a solution or a series of solutions to an open-ended problem or opportunity with potential multiple solutions.
Each case will have its own requirements and questions to answer, however a well-presented case study should include, but is not limited to, the following sections:
- Problem and solution
- Executive summary
- Brief history
- Industry analysis
- Company analysis
- Alternatives
- Implementation
Grand River University Water Buffalos: Activity-Based Costing of University Sports
Learning Objectives:
- Identify the cost object related to sports teams.
- Differentiate between direct and indirect costs, fixed and variable costs.
- Evaluate the role of sports programs in modern education institutions.
- Consider the impact of sports teams on student recruitment, alumni relations, and ties to the local community.
- Examine the value of student athletics at both the local level and the broader national level.
- Describe the importance of linking operational decisions with strategic concerns.
Assignment Questions:
- What is the role of varsity sports teams in a school such as Grand River University?Who are the relevant stakeholders?Are these observations the same or different when comparing to Northern Michigan University?Explain.
- What is the current funding model for the Grand River University Water Buffalos?
- Perform an ABC analysis of Grand River University’s sports teams and consider the following four issues:
- What would be each team’s cost if McKenzie simply allocated all shared costs equally across all teams?
- What are the potential cost drivers of indirect costs?In some cases, you may have to consider using more than one driver.
- Compare the ABC costs with the simple allocation method.What changes do you see?
- What additional information would you need to perform a more accurate ABC analysis?
- If McKenzie was asked to recommend removing one team from the university’s overall sports program, which team should he recommend?Support your conclusion with a quantitative analysis.
- Discuss the criteria, in addition to cost, that McKenzie must consider before making this decision.
Explain the pros and cons of this model.
The written case study response is to be presented in a Word document, double-spaced, using Times New Roman, 12-font.A title page must be included (student name, course number and name, project title, and professor name). All computations and solutions must be provided.
Credit will not be earned if only solutions are presented
