Presentation on theme: "LET THE BEST ONE WIN! WHO IS THE BEST?. Marco Estellado and Jorge Sanchez are long time friends and competitors. They both attended Delawerado University."— Presentation transcript:
Marco Estellado and Jorge Sanchez are long time friends and competitors. They both attended Delawerado University Los Amigos Business School in Mexico. Jorge was the captain of the curling team and Marco was the captain of the rowing team of the university.
LET THE BEST ONE WIN! WHO IS THE BEST? They have graduated with high honors and after graduation both of them found prestigious jobs in the U.S. They have lost contact over the years.
At their 20th Reunion they meet once again as two self-employed successful businessmen. After a couple of drinks, their old competitive spirit resurfaced. Each one argued that he was more successful than the other one. LET THE BEST ONE WIN! WHO IS THE BEST?
By destiny, Marco was selling curling equipment and Jorge was selling rowing equipment. They are both married to very beautiful wifes with two kids. Finally they agree to meet the next day at two o’clock to put an end to this discussion by the help of one of their classmate, Jasmin Elderado who is a financial analyst. LET THE BEST ONE WIN! WHO IS THE BEST?
FOCUS QUESTIONS: (Individual). What kind of documents Marco or Jorge can bring to the meeting with them? Write down your suggestions individually. (Team). Share your ideas with your teammates. Discuss and evaluate each suggestion. (Team). List the major learning issues: What do you you know? What do you need to know? Where and how will you find the information you need?
Learning Objectives (Stage 1) Basic Financial Statements Balance Sheet Income Statement Statement of Cash Flows Statement of Changes in Owners’ Equity Accounting as a Profession
Next Stage Ideas Give them unstructured financial information for both. And ask them to compare. Find mistakes by considering accounting principles and restructure the information into financial statements.