Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Stanford University: Implementing FASB Statements 116 and 117 Case Study Memo
Case Study Recommendation Memo Assignment
At Fern Fort University, we write Stanford University: Implementing FASB Statements 116 and 117 case study recommendation memo as per the Harvard Business Review Finance & Accounting case memo framework. If you are looking for MBA, Executive MBA or Corporate / Professional level recommendation memo then feel free to connect with us.
Other topics that can be covered in the above case memo are Financial management . The recommendations in the case memo are - aligned with strategy of the company, based on robust data, and provide a clear roadmap for execution.
Order Now - Stanford University: Implementing FASB Statements 116 and 117 Case Memo
Order Now - Stanford University: Implementing FASB Statements 116 and 117 Porter 5 Forces Analysis & Industry Analysis
Stanford University: Implementing FASB Statements 116 and 117 Description
Finance & Accounting Case Study | Authors :: Christopher Canellos, David W. Hoyt
In 1993, the Financial Accounting Standards Board issued two statements--Number 116: Accounting for Contributions Received and Contributions Made and Number 117: Financial Statements of Not-for-Profit Organizations. These statements required significant changes to the financial statements issued by nonprofit organizations. This case discusses changes in the context of Stanford University, a private, not-for-profit educational institution. Discusses financial reporting prior to FAS 116 and 117, the objectives of FAS 116 and 117, and their implementation by Stanford. Prepares students for a discussion of nonprofit financial reporting, fund accounting, donor-imposed restrictions, the various stakeholders, and the advantages or disadvantages of financial statements prepared under the provisions of FAS 116 and 117.
Purpose of Finance & Accounting Case Study Recommendation Memo
A Case Study Memo or Case Study Recommendation Memo is a routinely used document in leading organizations, and you may be writing number of such memos to executive leadership to “sell” or elevate an initiative that either you are undertaking or you wanted to kick start. Therefore, it is essential that you have a professional case study recommendation memo.
The purpose of a recommendation memo is to concisely recommend a course of action and provide rationale supporting the recommendation. The case study recommendation memo is a one-two page document (not including exhibits) that recommends your course of action and rationale. This format promotes a concise and clear strategic thought process.
Elements of a Case Study Recommendation Memo for – MBA & Executive MBA
1. First Paragraph of Stanford University: Implementing FASB Statements 116 and 117 recommendation memo
- This paragraph expresses your intent or action that you required after reading the Stanford University: Implementing FASB Statements 116 and 117 case study (This recommends……).
- Topic overview of the case study (the “what”, not “when” or “how”): costs, funding, etc.
- Ends with the hook: selling idea, the “why” or payoff: this part reveals the author’s point of view. What you intend to do after reading the case and it clearly mention your decision.
2. Background of Stanford University: Implementing FASB Statements 116 and 117 case study
This paragraph explains why we are talking about this today. It lays out the story. It provides us details from the case story such as -
- Historical perspective on the problem is provided. Details are elaborated that underline the given problem.
- Highlights - what brought us to this moment, why we are in this position, what brought about the need to make this decision.
- Dimensionalize the importance of the problem to the organization and how it is impacting the organization.
- Constraints – Provide a situational analysis based on case study analysis.
- Keep the background section both factual and concise. It is part of the memo where we provide a brief insight into the problem and define the problem.
Is the background clear, concise, and easy to follow?
Does it explain why action is needed now?
Does the appropriate sense of urgency come across in the case study?
3. Recommendations for Stanford University: Implementing FASB Statements 116 and 117 Case Memo
Recommendations section will provide details regarding what is needed to be done, how it can be done, when to do it and who will do it. It can be elaborated with scenario planning as businesses
- The details of what, when and how. NO 'why'.
- This section should be very specific (100% clear). It must be actionable (How much will it cost, when, how, who). The reader should be able to read this and know how to carry out this recommendation.
- Some cases will require more than one recommendation. It often happens that the firm will require more than one recommendations as there are numerous unknown in the market place.
Is the recommendation clear and actionable? Does the firm has capability to implement the recommendations or does it needs to hire fresh talent?
4. Basis for the Recommendations
- Here the reader of the case memo will learn WHY each recommendation is the UNIQUE right thing to do.
- 2-3 solid reasons are typical. The reasons should be backed by clear logic, organization’s vision and mission statements, and robust data analysis.
- Orignal recommendation can be backed by few supporting roadmap to actions. In operations cases the Critical Path Method of PERT can be used to illustrate the point.
- Support includes impact on profit, share, and anything else that can affect long-term business goals of the firm.
- Analysis should address applicable quantitative issues such as NPV, break even analysis, pro forma statement of project budget, sensitivity analysis; as well as qualitative issues, such as, technology consistency, architectural conformance, innovation potential, etc.
- Appeals to precedent and anecdotal evidence in absence of data, but only in limited, carefully constrained manner.
- Shows how the recommendation will put the firm at a competitive advantage or is simply acompetitive necessity.
- The goal is to read the basis and conclude the recommendation.
- Is the recommendation an inescapable conclusion of the basis?
- Does the basis for recommendation appropriately consider:
1. Core competencies and consistency with mission?
2. External customers and internal clients?
4. Attractiveness – quantitative measures if applicable (e.g., NPV, ROI, break-even, payback)?
- Are all assumptions explicitly stated (e.g., needs, technology trends)?
- Outline other alternatives not selected and provide brief reasoning for doing so.
- Discuss risks and key assumptions for Stanford University: Implementing FASB Statements 116 and 117 case memo (use full disclosure, reference options grid) of your recommendation.
- When you give a precise number or range, you must support the basis as well.
- Is the analysis thorough with key alternatives fairly considered using options grid?
- Risks associated with recommendation for Stanford University: Implementing FASB Statements 116 and 117 are properly addressed given the present capabilities and future expectations?
6. Next Steps for Stanford University: Implementing FASB Statements 116 and 117 case study memo
- Clearly specify the roadmap of the execution. Provide specific date and action that are required to carry on the next steps.
- Task assignment, objectives, roles and metrics should be mentioned in advance to reduce ambiguity and replication. (what will be done, by whom, and by when)
- Clear follow-up/next steps?
- If appropriate, lay out timeline with key milestones to implement recommendation.
7. Exhibits for Stanford University: Implementing FASB Statements 116 and 117 case memo
- An Exhibit can be a data chart, map, graph, grid, or simple data table.
- While doing the calculations please mention all the assumptions. The reader won’t able to decipher each of the assumption so make them explicit.
- Exhibits should have Title, sources, footnotes to calculation. The point of the Exhibit should be instantly clear to the reader.
- Exhibits should be cited in the proper order (i.e., do not cite Exhibit 4 first in your Memo and then Exhibit 2).
Checklist for Stanford University: Implementing FASB Statements 116 and 117 case study memo exhibit
- Is the analysis presented in the case memo - precise, accurate, and data-based?
- Are the exhibits clearly laid out, titled, and referenced in the case study memo?
- Is every assumption mentioned in the case memo is explicitly listed?
NOTE: Every memo may not include every element described above. The specific case will dictate what must be included. For custom case memo please email us or process the order.
You can order Stanford University: Implementing FASB Statements 116 and 117 Case Study Recommendation Memo with us at Fern Fort University .
Next 5 Case Study Recommendation Memo
- Note on U.S. Public Education Finance (A): Revenues Case Study Recommendation Memo
- Globalizing the Cost of Capital and Capital Budgeting at AES Porter Five Forces Analysis
- Harnischfeger Corp. Porter Five Forces Analysis
- Dividend Policy at FPL Group, Inc. (A) Porter Five Forces Analysis
- BP Amoco (A): Policy Statement on the Use of Project Finance Porter Five Forces Analysis
Previous 5 Case Study Recommendation Memo
- Student Educational Loan Fund, Inc. (Abridged) Porter Five Forces Analysis
- Leasing Computers at Persistent Learning Porter Five Forces Analysis
- Financing of Project Achieve (B) Porter Five Forces Analysis
- Note on U.S. Public Education Finance (B): Expenditures Porter Five Forces Analysis
- Financial Statement and Ratio Analysis Porter Five Forces Analysis
HBR Case Studies Solutions
- Note on U.S. Public Education Finance (A): Revenues case study solution
- Globalizing the Cost of Capital and Capital Budgeting at AES case study solution
- Harnischfeger Corp. case study solution
- Dividend Policy at FPL Group, Inc. (A) case study solution
- BP Amoco (A): Policy Statement on the Use of Project Finance case study solution