The BASS Financial Case Competition was held on Friday, November 20, 2015 with eight teams of two students competing for a total of $2000 in prize money. Aspiring accountants use the competition to display their developing knowledge and apply it to real life situations. This allows the students to use their analytical skills, test their critical thinking, time management and strategic skills in a challenging circumstance. Being judged by industry professionals as well as our own Bissett faculty members, gives added credibility to the competition.
Rik Smistad, the Chair of Accounting and Finance, explains the case scenario: “This year, the business case students presented on, involved a company that was a sole distributor for energy supplements, popular with athletes, as they contain no banned substances. The company was looking for additional bank funding to continue expansion and the bank has asked the company for additional financial information. A senior manager with little training in accounting drafted financial statements for the bank but they contained errors that put the company in a bad financial light. The case competitors were required to adjust the errors thereby generating correct and useful financial information. Further, the winning cases went beyond the adjustments and considered financial ratios and analysis to support the company’s case for its ability to manage cash flow, and stay within bank required, current ratio requirements and minimum cash balances.”
Bissett School of Business would like to congratulate Jasmeet Sandhu (Accounting) on being selected to participate in the Washington Center Internship Program in January 2016. Jaasmeet is one of two Mount Royal University students selected to participate in this internship; the other student being Katherine Adam (Social Sciences)
Each student will receive $5500.00 CDN from Alberta Advanced Education (International Education & Intergovernmental Branch) AND $2000.00 USD from the Washington Center.
Bissett School of Business wishes to congratulate Jasmeet and Katherine on this achievement and prestigious opportunity.
To read about the Washington Center Internship Program, please follow the link: