個案資料

The Edmonton Opera Association (Edmonton Opera) was founded in 1963 as a not-for-profit arts organization with the aim of providing audiences with compelling productions that combined music, song, and theatre. Over the years, Edmonton Opera had been successful in providing its services, but, in 2020, it was challenged. Just when it had almost recovered from a deficit, reported in 2012, the global COVID-19 pandemic occurred, and an economic slowdown followed. The board of directors knew that many organizations, in addition to Edmonton Opera, had had to suspend their operations temporarily due to COVID-19 restrictions, and they wanted to know how the pandemic had affected Edmonton Opera’s operations. A newly minted board member with a background in finance and accounting was assigned the task of conducting a financial statement analysis. Because not all members of the board had the necessary skills to provide oversight of the association’s accounting matters, this new board member was also asked to address Edmonton Opera’s specific accounting issues.

This case is designed for use in undergraduate- and graduate-level courses in accounting for not-for-profit organizations and finance courses. After working through the case and assignment questions, students will be able to do the following:<ul><li>Outline the accounting and reporting issues surrounding the specific activities of Edmonton Opera as a non-profit arts organization.</li><li>Evaluate Edmonton Opera’s financial performance through financial statement analysis.</li><li>Illustrate the results of ratio analysis using a data analytics application.</li></ul>

• non-profit
• not-for-profit organization
• accounting
• financial analysis
• data analytics
• COVID-19
• opera
• culture
• performance