Financial reporting at the MIT Formula SAE team : a case study
Name
77538895-MIT.pdf
Description
Full printable version
Size
890.48 KB
Format
Adobe PDF
Checksum (MD5)
4e785a0d2db71a7b920523721a547281
Author(s)
Sorge, Matthew Hans
Advisor(s)
Daniel Frey.
Alternative Title
Financial reporting at the Massachusetts Institute of Technology Formula Society of Automotive Engineers team : a case study
Date Issued
2006
Publisher
Massachusetts Institute of Technology
Abstract
A case study was performed on the financial reporting at the MIT Formula SAE team. For each section of the car it was necessary to provide three main financial documents: Bill of Materials, Process Descriptions, and Fasteners. Additionally, the team had to adhere to specific guidelines for preparing these documents and for compiling them all together to create the team's cost report. The purpose of the case study was threefold. First, it was intended to improve upon the quality and score of the cost report from previous years. Second, it was intended to alleviate some of the pressure from the team managers by not having to worry about preparing the cost report themselves. Finally, the case study was intended to help facilitate the preparation of the cost report in future years, so it does not have to be overshadowed by the completion of the vehicle. Therefore, the trend of increasing performance of the cost report can be maintained. In the end, the study proved to increase the team's cost report score, allowed the team managers to focus more on the production of the vehicle, and yielded templates and instructions, as well as a standard, for preparing future cost reports.
Description
Thesis (S.B.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering, 2006.
Includes bibliographical references.
Subjects
Mechanical Engineering.
MIT Department
Massachusetts Institute of Technology. Department of Mechanical Engineering
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