Canadian Cancer Society

Week 2

Discussion Groups/Questions

Canadian Cancer Society

Form groups of 4 or 5- Each group will be assigned a Task No. ( 1-3)

Prof will allocate Group Topics to groups in class.

Each group will designate a "Spokesperson" and will hand in, at the end of the class, a listing of their group members, and identify the spokesperson for the group

Groups will review and analyze f/s components as indicated below and come to a group consensus regarding their response to the questions

Week 2- CANADIAN CANCER SOCIETY

#1 #2 #3

BALANCE SHEET GROUPS

STATEMENT OF OPERATIONS GROUPS NOTES ANALYSIS GROUPS

* How does this Balance Sheet compare or contrast with that of a "for-profit organization?"

* How does this Statement of Operations compare or contrast with that of a "for-profit organization?" * How do the Note Disclosures made in this NPO compare or contrast with that of a "for-profit organization?"

* State your understanding of the "mission" of the Organization-

* Based on your understanding of the "mission" of the organization, what additional information do you think would be useful to the existing users of this Balance Sheet?

* Assume that you are a potential donor with significant funds to contribute to a charitable NPO-

Would you donate to this organization, based on the financial information provided?Explain. * State your understanding of the "mission" of the Organization-

* Based on your understanding of the "mission" of the organization, what additional information do you think would be useful to the existing users of this Statement of Operations ?

* Assume that you are a potential donor with significant funds to contribute to a charitable NPO- Would you donate to this organization, based on the financial information provided?

Explain.

* State your understanding of the "mission" of the Organization-

* Based on your understanding of the "mission" of the organization, what additional information do you think users of these financial statements (notes specifically) would find helpful?

* Assume that you are a potential donor with significant funds to contribute to a charitable NPO-

Would you donate to this organization, based on the financial information provided?