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Celebrations & Memories

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CASE EXAMINATION CELEBRATIONS AND MEMORIES LTD. (CML) MAY 2008

Copyright © 2008 The Society of Management Accountants of Canada All rights reserved. No part of this manual may be reproduced in any form without the permission of the copyright holder.

TABLE OF CONTENTS MAY 2008 Case Examination
Page Case Question: Backgrounder .................................................................................. 1 Additional Information .................................................................... 16 General Comments on Performance ...................................................... 24 Steps for Approaching Business Strategy............................................... 32 Assessment and Solution Notes for Markers .......................................... 35 Marker Assessment Guide ...................................................................... 66 Sample Response – Successful Attempt #1 ........................................... 78 Marker’s Comments – Successful Attempt #1 ........................................ 98 Sample Response – Successful Attempt #2 ......................................... 103 Marker’s Comments – Successful Attempt #2 ...................................... 124 Sample Response – Unsuccessful Attempt .......................................... 129 Marker’s Comments – Unsuccessful Attempt ....................................... 144 Supplement of Formulae * .................................................................... 149
*This supplement is provided to all candidates with each part of the examination.

May 2008 Case Examination

The Societies of Management Accountants of Alberta, Manitoba, New Brunswick, Newfoundland, Northwest Territories & Nunavut, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan and the Yukon, Certified Management Accountants Society of British Columbia, Ordre des comptables en

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