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NCEM: Improving Accounting Processes for a Canadian Charity
內容大綱
The general director of Northern Canada Evangelical Mission (NCEM) wanted to make some changes to the organization’s accounting system to coincide with the calendar year-end. The changes involved consolidating the financial records for 20 separate ministries operating across the country to reduce the number of redundant, time-wasting, manual entries needed and to align the general ledger accounts with the charitable activities report required by the government. As well, the process for tracking and reporting taxes needed to be improved. Finally, NCEM’s board of directors wanted an increased level of professionalism and timeliness in the organization’s financial statements. The chief financial officer and accounting staff would need a carefully planned schedule to carry out the changes, which would involve bookkeepers, ministry leaders, and the executive team, all while minimizing the interruption to NCEM’s operations. How could the general director make the changes without causing additional problems along the way?
學習目標
This case is appropriate for use in undergraduate-level accounting courses where students have a good foundational knowledge of accounting theory and accounting systems. After working through the case and assignment questions, students will be able to<ul><li>learn the difference between a hard and a soft period close;</li><li>understand why switching fiscal year-ends can involve significant adjustments for staff and executive team members;</li><li>prioritize actions for NCEM’s proposed system changes;</li><li>consider the importance of relevant accounting knowledge for executives whose responsibilities are in areas outside of accounting; and</li><li>discuss how to engage key staff members who have important roles in organizational changes.</li></ul>