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106 Items Found in Financial Accounting: New/Updated Item  New/Updated Item  |   Popular Item  Popular Item

Title (click on title for details)Author(s)PagesTNSettingFunctional AreaLevelEP
ABC vs. XYZ
Preparing two SCFs and comparing the results. Has a couple of twists.
Young, David W.
3 Yes
For Profit
Financial Accounting
BEG Add
Amerbrand (A)
Some tricky issues in preparing a SCF
Reece, James S.
2 Yes
For Profit
Financial Accounting
INT Add
Arlington Boat Club
A short case that deals with a few somewhat tricky accounting transactions
Young, David W.
3 Yes
For Profit
Financial Accounting
BEG Add
Athenaeum School Popular Item
One of the few cases that illustrates the impact of the 1996 FASB standards 116 and 117 for nonprofits. Has 1996 in both the old and new formats
Young, David W.
14 Yes
Nonprofit
Financial Accounting
INT Add
Boise Park Health Care Foundation (A)
A new IPA-type HMO is being offered to some employers, and there are questions about its financial stability. Some tricky accounting is going on.
Young, David W.
6 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
INT Add
Boise Park Healthcare Foundation (B)
A follow on to the (A) case, but could be taught independently. Requires students to assess whether cash or accrual accounting should be used by a rate setting commission to approve a request for a rate increase.
Young, David W.
4 Yes
Health Policy
Finance/Financial Management
Financial Accounting
INT Add
Brookstone Ob-Gyn Associates (A) Popular Item
The (A) case is a very simple introduction to financial accounting.
Young, David W.
5 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
BEG Add
Brookstone Ob-Gyn Associates (B) Popular Item
The (A) case is a very simple introduction to financial accounting. The (B) case (which can be taught without the (A) case) begins with the (A) case results, and asks students to figure out why a profitable group practice is running out of cash.
Young, David W.
6 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
BEG Add
CareGroup, Inc.
Contains the financial statements for the years up to and including the serious financial difficulties experienced by this organization.
Young, David W.
15 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
INT Add
Carson Housing Authority (A)
An introductory financial accounting case designed to familiarize students with the balance sheet, income statement and statement of cash flows (same as Carson Realty but in a nonprofit context). (A) case is pretty simple, but a disaster is looming and most students don't see it.
Young, David W.
1 Yes
Nonprofit
Financial Accounting
BEG Add
Carson Housing Authority (B)
An introductory financial accounting case designed to familiarize students with the balance sheet, income statement and statement of cash flows (same as Carson Realty but in a nonprofit context). (A) case is pretty simple, but a disaster is looming and most students don't see it.
Young, David W.
2 Yes
Nonprofit
Financial Accounting
BEG Add
Carson Realty Company (A) Popular Item
An introductory financial accounting case designed to familiarize students with the balance sheet, income statement and statement of cash flows. (A) case is pretty simple, but a disaster is looming and most students don't see it.
Young, David W.
1 Yes
For Profit
Financial Accounting
BEG Add
Carson Realty Company (B) Popular Item
An introductory financial accounting case designed to familiarize students with the balance sheet, income statement and statement of cash flows. (A) case is pretty simple, but a disaster is looming and most students don't see it.
Young, David W.
2 Yes
For Profit
Financial Accounting
INT Add
Carter Corporation
Gives students practice in constructing consolidated statements. Is designed so that it progresses by stages from straightforward adjustments to more difficult and intricate ones.
Anthony, Robert N.
3 Yes
For Profit
Financial Accounting
ADV Add
City of Douglas Popular Item
A reasonably easy case that illustrates quite nicely the differences between municipal accounting and GAAP accounting. It raises several issues for discussion.
Anthony, Robert N.
7 Yes
Nonprofit
Financial Accounting
INT Add
Compact Computing Company Popular Item
Illustrates some of the complexities in accounting for shareholders’ equity in conjunction with the growth-related decisions that gave rise to the transactions.
Menon, Krishnagopal
2 Yes
For Profit
Financial Accounting
BEG Add
Conservative Accounting in The General Products Division
This case was written to motivate a ethical discussion of earnings management activities. The example presented here is different from most of those discussed because the earnings management activities described in the case decrease income. That is, the accounting is conservative. Conservatism makes more students conclude the actions are ethical. But aren't managers ultraconservative merely because they want to “save” profits they can turn in a later accounting period if needed?
Merchant, Kenneth A.
1 Yes
For Profit
Financial Accounting
General Management
BEG Add
Coolidge Corner Theatre Foundation
Provides sufficient information for students to calculate how large a surplus the nonprofit theatre needs to be financial viable.
Young, David W.
5 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
INT Add
Copies Express
An introductory financial accounting case that has a few tricky transactions. Would make a good first exam.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
BEG Add
Digitrex Company
This case provides practice in the accounting techniques related to three asset financing arrangements: outright purchase, a capital lease, and an operating lease. The student’s calculations reveal the differences in financial accounting numbers that result from the three methods.
Reece, James S.
3 Yes
For Profit
Finance/Financial Management
Financial Accounting
INT Add
Docs in a Box, Inc. Popular Item
A relatively basic financial accounting case concerning a start-up company. Has been used successfully as a test of students mastery of introductory material.
Young, David W.
1 Yes
For Profit
Healthcare Management
Financial Accounting
BEG Add
Energy Associates (A)
The A case (quite easy) requires the student to prepare a SCF (direct and indirect) from some very basic information. Thy B Case requires calculating some ratios for the same company and the same years.
Young, David W.
2 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
BEG Add
Energy Associates (B)
The A case (quite easy) requires the student to prepare a SCF (direct and indirect) from some very basic information. Thy B Case requires calculating some ratios for the same company and the same years.
Young, David W.
2 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
BEG Add
Energy Devices, Inc. (A)
The A case (quite easy) requires the student to prepare a SCF (direct and indirect) from some very basic information. The B Case requires calculating some ratios for the same company and the same years. Same figures as Energy Associates but in a for-profit context.
Young, David W.
2 Yes
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
Energy Devices, Inc. (B)
The A case (quite easy) requires the student to prepare a SCF (direct and indirect) from some very basic information. The B Case requires calculating some ratios for the same company and the same years. Same figures as Energy Associates but in a for-profit context.
Young, David W.
2 Yes
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
Financial Accounting for Managers Popular Item
This primer is designed to provide an introductory level of instruction to students who are studying financial accounting for the first time. Its purpose is to provide a user-oriented approach to financial accounting principles and concepts. A distinctive feature is the interactive learning process. Throughout the Primer, students are asked to stop reading and either work out the solution to a short problem or take a mini-test. In addition at the end of each chapter, there is a practice case study. Answers to the mini-tests and practice cases are contained in the Primer's Appendix. The Primer addresses: cash vs. accrual accounting, income statements, balance sheets, statements of cash flows, and some important financing issues. The Primer in designed to be used in a one semester undergraduate course. It has also been used in a half semester MBA course.
Young, David W.
250 No
For Profit
Finance/Financial Management
Financial Accounting
B-I Add
Freedom Technology Company
Requires students to prepare translated year-end statements using the method required by FASB 52 versus the method used with FASB 8.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
INT Add
Garrow Corporation (A)
Several tricky accounting issues involving contingent liabilities and capital leases.
Reece, James S.
3 No
For Profit
Financial Accounting
INT Add
Garrow Corporation (B)
A follow-on to the (A) case with several additional transactions, some quite complicated, that will change the final results on the financial statements depending on how they're treated.
Reece, James S.
2 No
For Profit
Financial Accounting
INT Add
Genmo Corporation
Students must work backwards with ratios to create a set of financial statements
Anthony, Robert N.
2 Yes
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
Giant Utility Company
Students must debunk some of the common misconceptions about bond interest and bond prices for different types of bonds.
Menon, Krishnagopal
1 Yes
For Profit
Financial Accounting
BEG Add
Gotham Meals on Wheels
Students must prepare a spreadsheet that links the balance sheet, operating statement, and statement of cash flows, and then use forecasted sales and expenses to uncover the reasons underlying an impending cash shortage.
Young, David W.
2 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
BEG Add
Gourmet Delights, Inc. Popular Item
Students must prepare a spreadsheet that links the balance sheet, operating statement, and statement of cash flows, and then use forecasted sales and expenses to uncover the reasons underlying an impending cash shortage. Same as Gotham but in a for-profit context.
Young, David W.
2 Yes
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
Granville Symphony Orchestra Popular Item
Some unusual accounting that makes a surplus look like a deficit. Students must reconstruct an unusual operating statement to show this. In addition, they must assess the assumptions underlying an eight year set of financial forecasts.
Anthony, Robert N.
Young, David W.
6 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
BEG Add
Hardin Tool Company
Gives student practice in applying the pooling of interests and purchase methods of accounting for a business combination. The case purposely avoids the complications of intercompany transactions.
Reece, James S.
2 Yes
For Profit
Financial Accounting
INT Add
J. Prep Company (A)
Three introductory financial accounting cases. The (A) and (B) cases require balance sheets only. The (A) case is a startup, where the owner is not managing cash well. The (B) case introduces a bank loan. The (C) case is the same as (B) except it requires students to prepare an income statement.
Young, David W.
3 Yes
For Profit
Financial Accounting
BEG Add
J. Prep Company (B)
Three introductory financial accounting cases. The (A) and (B) cases require balance sheets only. The (A) case is a startup, where the owner is not managing cash well. The (B) case introduces a bank loan. The (C) case is the same as (B) except it requires students to prepare an income statement.
Young, David W.
2 Yes
For Profit
Financial Accounting
BEG Add
J. Prep Company (C)
Three introductory financial accounting cases. The (A) and (B) cases require balance sheets only. The (A) case is a startup, where the owner is not managing cash well. The (B) case introduces a bank loan. The (C) case is the same as (B) except it requires students to prepare an income statement.
Young, David W.
2 Yes
For Profit
Financial Accounting
BEG Add
Jamie Kincade Popular Item
Mr. Kincade is thinking of starting up a new business. Students must use a variety of estimates to forecast his volume and profits.
Reece, James S.
2 Yes
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
JCN Computers
A relatively straightforward case that gives students practice in accounting for bond interest, payments, and recording the transactions.
Nanni, Alfred J.
1 Yes
For Profit
Financial Accounting
BEG Add
Joanne Gotsinas (A) Popular Item
A series of four cases that deal with interesting real-life complications to the accounting taught in most introductory financial accounting courses. Each case in the series raises issues that are relevant at various points during a typical first year course. Updated to exclude years and change the name.
Anthony, Robert N.
3 Yes
For Profit
Financial Accounting
INT Add
Joanne Gotsinas (B) Popular Item
A series of four cases that deal with interesting real-life complications to the accounting taught in most introductory financial accounting courses. Each case in the series raises issues that are relevant at various points during a typical first year course. Updated to exclude years and change the name.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
INT Add
Joanne Gotsinas (C) Popular Item
A series of four cases that deal with interesting real-life complications to the accounting taught in most introductory financial accounting courses. Each case in the series raises issues that are relevant at various points during a typical first year course. Updated to exclude years and change the name.
Anthony, Robert N.
3 Yes
For Profit
Financial Accounting
INT Add
Joanne Gotsinas (D) Popular Item
A series of four cases that deal with interesting real-life complications to the accounting taught in most introductory financial accounting courses. Each case in the series raises issues that are relevant at various points during a typical first year course. Updated to exclude years and change the name.
Anthony, Robert N.
3 Yes
For Profit
Financial Accounting
INT Add
Johnson Lens Company
Students must create an income statement and a balance sheet for a company that has had some tricky transactions.
Anthony, Robert N.
3 Yes
For Profit
Financial Accounting
INT Add
Jupiter Insurance Company
Requires students to use their knowledge of accounts such as prepaid insurance and unearned revenue and the underlying concepts to analyze a situation that involves the matching concept in an insurance company, using the liability account "claims incurred but not received," (or the IBNR, as it is called in the insurance industry).
Young, David W.
3 Yes
For Profit
Financial Accounting
INT Add
Kim Fuller
A nice introductory case for a financial accounting course. A person starting a business must draw up a beginning balance sheet, and also think about what kinds of non-accounting information will be needed to manage the business on an ongoing basis.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
BEG Add
Lambert Corporation
A relatively simple exercise in the mechanics of LIFO and FIFO, including work with LIFO reserve.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
BEG Add
Larkin Motel
An apparently successful motel may not be as profitable as the owners think. Students must sort through some data, prepare an income statement and then compare it on a common-sized basis to some industry data.
Reece, James S.
4 Yes
For Profit
Financial Accounting
BEG Add
Lone Pine Cafe (A)
A fairly basic case that gives students some practice in preparing a balance sheet (A case) and an income statement (B case).
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
BEG Add
Lone Pine Cafe (B)
A fairly basic case that gives students some practice in preparing a balance sheet (A case) and an income statement (B case).
Anthony, Robert N.
1 Yes
For Profit
Financial Accounting
BEG Add
Los Niños Day Care Center
A fairly basic case on preparing a set of financial statements from some traditional information.
Reece, James S.
2 Yes
For Profit
Financial Accounting
BEG Add
Lutz Realty Company
A balance sheet and income statement must be prepared for a company where there are disputes about some of the items. A good case for midway through an introductory accounting course.
Reece, James S.
2 No
For Profit
Financial Accounting
BEG Add
Management Development, Inc.
A relatively simple financial accounting case containing 10 transactions. Would make a good first exam in an introductory course.
Young, David W.
2 Yes
For Profit
Financial Accounting
BEG Add
Mangpu Central Hospital (A)
These cases are similar to the Browning Lumber or Butler Lumber cases, but set in a Chinese hospital using somewhat modified data from a real Chinese hospital. Students must prepare financial statements (A case), a cash flow worksheet (B case), and then explain why a profitable hospital is running out of cash.
Young, David W.
4 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
BEG Add
Mangpu Central Hospital (B)
These cases are similar to the Browning Lumber or Butler Lumber cases, but set in a Chinese hospital using somewhat modified data from a real Chinese hospital. Students must prepare financial statements (A case), a cash flow worksheet (B case), and then explain why a profitable hospital is running out of cash.
Young, David W.
4 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
BEG Add
Maynard Company (A)
In the (A) case, students must use some unorganized information to prepare two balance sheets, one month apart, and comment on the reasons for the changes. In the (B) case, students must use some cash inflows and outflows in conjunction with the (A) case information to prepare an income statement.
Reece, James S.
2 Yes
For Profit
Financial Accounting
BEG Add
Maynard Company (B)
In the (A) case, students must use some unorganized information to prepare two balance sheets, one month apart, and comment on the reasons for the changes. In the (B) case, students must use some cash inflows and outflows in conjunction with the (A) case information to prepare an income statement.
Reece, James S.
2 Yes
For Profit
Financial Accounting
BEG Add
Medieval Adventures Company
A profitable company that is running out of cash because of growing accounts receivable and inventories. Students need to prepare a set of financial statements including a statement of cash flows to diagnose the problem, and then recommend a solution.
Anthony, Robert N.
2 Yes
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
Medieval Image
A recently-minted MBA is confused because LIFO is not following the basic rule of thumb. Students need to figure out that a LIFO liquidation is taking place.
Young, David W.
2 Yes
For Profit
Financial Accounting
BEG Add
Megafloat Corporation
A relatively simple exercise in accounting for bonds when the prevailing interest rate differs from the coupon rate. Also requires students to articulate what selling at a discount really means.
Nanni, Alfred J.
1 Yes
For Profit
Financial Accounting
BEG Add
Menotomy Community Hospital (A)
These cases are similar to the Browning Lumber or Butler Lumber cases, but set in a Chinese hospital using somewhat modified data from a real Chinese hospital. Students must prepare financial statements (A case), a cash flow worksheet (B case), and then explain why a profitable hospital is running out of cash. Same as Mangpu Central Hospital, but set in the U.S.
Young, David W.
4 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
BEG Add
Menotomy Community Hospital (B)
These cases are similar to the Browning Lumber or Butler Lumber cases, but set in a Chinese hospital using somewhat modified data from a real Chinese hospital. Students must prepare financial statements (A case), a cash flow worksheet (B case), and then explain why a profitable hospital is running out of cash. Same as Mangpu Central Hospital, but set in the U.S.
Young, David W.
4 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
BEG Add
Menotomy Diaper Services
A company is financing fixed asset acquisition and long-term debt reduction with cash and short-term debt. Students must figure this out and propose solutions (like Butler Lumber and similar cases). Similar to the other Menotomy cases but in a for profit context.
Young, David W.
6 Yes
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
Menotomy Home Health Services Popular Item
A home health agency is financing fixed asset acquisition and long-term debt reduction with cash and short-term debt. Students must figure this out and propose a solution (a health care version of Menotomy Diaper Services, Butler Lumber and similar cases).
Young, David W.
6 Yes
Healthcare Management
Finance/Financial Management
Financial Accounting
BEG Add
Merced College Popular Item
A debate about how to account for and spend earnings on a college’s endowment. At issue are some new accounting regulations that make the issue more complicated than it needs to be.
Young, David W.
4 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
INT Add
Narcolarm, Inc. (A)
This is a series of cases designed for an introductory accounting course. Each case can be introduced at various points in the course. In the (A) case, students must create a beginning balance sheet from some very basic information. The (B) case contains a solution to the (A) case and a set of 10 activities for the first year of operations; students are asked to use T accounts to create an end-of-year balance sheet. The (C) case is much like the (B) case but adds some complications, including manufacturing inventories; it also asks the students to prepare two income statements (from the B case and from the C case) and to compare them, thereby illustrating the impact of costs being held in manufacturing inventories. The (D) case removes manufacturing inventories, and asks the students to prepare a statement of cash flows. The (E) case asks the students to do a CVP analysis and also to consider a make/buy decision. In each case, students are asked to consider the viability of the venture.
Young, David W.
2 Yes
For Profit
Financial Accounting
Management Accounting
BEG Add
Narcolarm, Inc. (B)
This is a series of cases designed for an introductory accounting course. Each case can be introduced at various points in the course. In the (A) case, students must create a beginning balance sheet from some very basic information. The (B) case contains a solution to the (A) case and a set of 10 activities for the first year of operations; students are asked to use T accounts to create an end-of-year balance sheet. The (C) case is much like the (B) case but adds some complications, including manufacturing inventories; it also asks the students to prepare two income statements (from the B case and from the C case) and to compare them, thereby illustrating the impact of costs being held in manufacturing inventories. The (D) case removes manufacturing inventories, and asks the students to prepare a statement of cash flows. The (E) case asks the students to do a CVP analysis and also to consider a make/buy decision. In each case, students are asked to consider the viability of the venture. Cases can be mixed and matched depending on the goals of the instructor.
Young, David W.
2 Yes
For Profit
Financial Accounting
Management Accounting
BEG Add
Narcolarm, Inc. (C)
This is a series of cases designed for an introductory accounting course. Each case can be introduced at various points in the course. In the (A) case, students must create a beginning balance sheet from some very basic information. The (B) case contains a solution to the (A) case and a set of 10 activities for the first year of operations; students are asked to use T accounts to create an end-of-year balance sheet. The (C) case is much like the (B) case but adds some complications, including manufacturing inventories; it also asks the students to prepare two income statements (from the B case and from the C case) and to compare them, thereby illustrating the impact of costs being held in manufacturing inventories. The (D) case removes manufacturing inventories, and asks the students to prepare a statement of cash flows. The (E) case asks the students to do a CVP analysis and also to consider a make/buy decision. In each case, students are asked to consider the viability of the venture. Cases can be mixed and matched depending on the goals of the instructor.
Young, David W.
2 Yes
For Profit
Financial Accounting
Management Accounting
BEG Add
Narcolarm, Inc. (D)
This is a series of cases designed for an introductory accounting course. Each case can be introduced at various points in the course. In the (A) case, students must create a beginning balance sheet from some very basic information. The (B) case contains a solution to the (A) case and a set of 10 activities for the first year of operations; students are asked to use T accounts to create an end-of-year balance sheet. The (C) case is much like the (B) case but adds some complications, including manufacturing inventories; it also asks the students to prepare two income statements (from the B case and from the C case) and to compare them, thereby illustrating the impact of costs being held in manufacturing inventories. The (D) case removes manufacturing inventories, and asks the students to prepare a statement of cash flows. The (E) case asks the students to do a CVP analysis and also to consider a make/buy decision. In each case, students are asked to consider the viability of the venture. Cases can be mixed and matched depending on the goals of the instructor.
Young, David W.
2 Yes
For Profit
Financial Accounting
Management Accounting
BEG Add
Narcolarm, Inc. (E)
This is a series of cases designed for an introductory accounting course. Each case can be introduced at various points in the course. In the (A) case, students must create a beginning balance sheet from some very basic information. The (B) case contains a solution to the (A) case and a set of 10 activities for the first year of operations; students are asked to use T accounts to create an end-of-year balance sheet. The (C) case is much like the (B) case but adds some complications, including manufacturing inventories; it also asks the students to prepare two income statements (from the B case and from the C case) and to compare them, thereby illustrating the impact of costs being held in manufacturing inventories. The (D) case removes manufacturing inventories, and asks the students to prepare a statement of cash flows. The (E) case asks the students to do a CVP analysis and also to consider a make/buy decision. In each case, students are asked to consider the viability of the venture. Cases can be mixed and matched depending on the goals of the instructor.
Young, David W.
2 Yes
For Profit
Financial Accounting
Management Accounting
BEG Add
National Association of Accountants
A case that involves some tricky accounting choices that even the Association’s members (a disguised organization of accountants) cannot agree on.
Anthony, Robert N.
3 Yes
Nonprofit
Financial Accounting
BEG Add
New England Trust Popular Item
A "ratio detective" case involving 10 nonprofit organizations of varying sizes, characteristics, and means of support.
Young, David W.
4 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
BEG Add
Norman Corporation (A)
An accountant is conducting an audit and faces some tricky accounting decisions. In the (A) case they include two pending lawsuits (being treated differently), a plant maintenance expenditure, a bond sold at a discount, operating versus non-operating expenses, and an automobile lease (capital or operating?). In the (B) case, they include advertising expenses, capitalization of development costs, deferred costs of a training program, allowance for doubtful accounts (with a large item due from a bankrupt customer), an insurance reserve, sale of treasury stock, and the treatment of dividends.
Anthony, Robert N.
3 Yes
For Profit
Financial Accounting
INT Add
Norman Corporation (B)
An accountant is conducting an audit and faces some tricky accounting decisions. In the (A) case they include two pending lawsuits (being treated differently), a plant maintenance expenditure, a bond sold at a discount, operating versus non-operating expenses, and an automobile lease (capital or operating?). In the (B) case, they include advertising expenses, capitalization of development costs, deferred costs of a training program, allowance for doubtful accounts (with a large item due from a bankrupt customer), an insurance reserve, sale of treasury stock, and the treatment of dividends.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
INT Add
Northridge
A continuing care retirement community located in a small college town is attempting to determine whether it should earn a surplus on its operations and, if so, how much. A wide variety of matters that bear on the issue are presented in the case.
Anthony, Robert N.
7 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
INT Add
Note on Accounting Concepts and Depreciation
Explains the nine fundamental accounting concepts (entity, dual aspect, money measurement, going concern, cost, realization, matching, conservatism, and materiality). Then discusses the rationale for depreciation in light of these concepts.
Young, David W.
7 No
For Profit
Financial Accounting
BEG Add
Note on Financial Accounting in Nonprofit Organizations Popular Item
Discusses the basics of financial accounting, using examples of nonprofit organizations. Takes students through a simple example of building a small day care center from inception. Contains three practice cases of increasing levels of difficulty. Does not discuss fund accounting, which is contained in a different note.
Young, David W.
37 No
Nonprofit
Financial Accounting
INT Add
Note on Financial Statement Analysis
Discusses (a) the role of ratios in financial statement analysis, including the four categories of ratios that typically are used (profitability, liquidity, asset management, long-term solvency) and how to calculate several ratios in each category; (b) the three standards that typically are used for comparison of ratios (industry, historical, and managerial), and their use for understanding of how an organization has managed its profitability, liquidity, assets, and long-term solvency; (c) the distinction between accounting and financial management issues, including the role of the notes to the financial statement; (d) the importance of leverage and its drawbacks, including the distinction between financial risk and business risk; (e) the role of profit, and its importance for financing fixed assets and providing the cash needed for growth; and (f) the general process for analyzing a set of financial statements, including making a strategic assessment, identifying accounting issues, and analyzing financial management issues.
Young, David W.
38 No
For Profit
Finance/Financial Management
Financial Accounting
INT Add
Note on Forecasting Financial Statements Popular Item
Discusses some basic techniques for financial statement forecasting, two cash-related cycles (operating and financing), three financial management concepts (debt structure, leverage, and the role of profit), the distinction between financial risk and business risk, some issues related to financing fixed assets, some issues related to financing growth, cost behavior and its relationship to forecasting financial statements, the differential cost concept, techniques for undertaking alternative choice decisions concerning discontinuing a product line, several important principles associated with alternative choice decisions, the concept of contribution, and the structure of a contribution income statement. Has a short practice case to help students solidify their understanding.
Young, David W.
22 No
For Profit
Finance/Financial Management
Financial Accounting
INT Add
Note on GAAP in Nonprofit and Governmental Organizations Popular Item
Discusses the role of the FASB and the details of GAAP for private nonprofit organizations, including accounting for state and local governments, and the federal government. Includes a discussion of FAS 87, 93, 106, 116, 117, 124, and 136 as they apply to private nonprofit organizations
Young, David W.
18 No
Nonprofit
Financial Accounting
ADV Add
Note on Ratio Analysis Popular Item
Similar to the Note on Financial Statement Analysis, but shorter. Excludes the material on assessing the accounting-related issues.
Young, David W.
20 No
For Profit
Nonprofit
Finance/Financial Management
Financial Accounting
BEG Add
Note on the Basics of Financial Accounting Popular Item
A very brief introduction to the essential elements of financial accounting, focusing mainly on terminology and financial statements. Contains a short discussion of Sarbanes-Oxley, and a practice case to help solidify some of the concepts.
Young, David W.
19 No
For Profit
Financial Accounting
BEG Add
Note on the Statement of Cash Flows Popular Item
Provides detailed instruction on how to prepare and interpret a SCF. Interactive problem solving throughout the note allows students to master some of the tricky aspects of preparing the SCF. At the end they have a clear understanding of (a) why a positive net income does not necessarily result in a positive inflow of cash; (b) the three activities that effect cash inflows and outflows for an organization: operations, investing, and financing; (c) the nature of the SCF and how it is prepared using the direct method and the indirect method; (d) how to use the SCF to assess the way an organization has managed its cash during a given accounting period.
Young, David W.
22 No
For Profit
Financial Accounting
INT Add
Note on Understanding Financial Statements
Discusses the balance sheet and what it measures, some specific assets and liabilities (including: cash, accounts receivable, inventory, equipment, accounts payable, loans payable, interest payable, goodwill), the income statement and what it measures, the creation of owners' equity, and the basis for changes in it, five of the nine fundamental accounting concepts (entity, dual aspect, money measurement, cost, realization), some basic accounting and finance concepts (the distinction between levels and flows, the nature of an account, the accounting period, the current versus non-current distinction, working capital and the current ratio, leverage, unmeasured value, the accounting cycle, depreciation, interest expense). Is highly interactive, requiring students to stop and solve problems as they read. Contains three practice cases for students to use to test their new knowledge and skills.
Young, David W.
40 No
For Profit
Finance/Financial Management
Financial Accounting
BEG Add
Oceanside Inn
A relatively simple introductory financial accounting case. New information has come to light that indicates the original set of financial statements is incorrect. Students must make the corrections. There is a curve ball that confuses many students and makes for a good learning experience. Same as Oceanside Nursing Home but in a for profit context.
Young, David W.
2 Yes
For Profit
Financial Accounting
BEG Add
Oceanside Nursing Home
A relatively simple introductory financial accounting case. New information has come to light that indicates the original set of financial statements is incorrect. Students must make the corrections. There is one curve ball that confuses many students and makes for a good learning experience.
Young, David W.
2 Yes
Nonprofit
Financial Accounting
BEG Add
Opera Workshop
A relatively basic financial accounting case that requires students to make a series of entries for a year of operations and to create a balance sheet and income statement for the year. This case is used as a practice in some of the notes on financial accounting.
Young, David W.
2 Yes
Nonprofit
Financial Accounting
BEG Add
Pacific Sunwear of California, Inc.
This case illustrates one company's efforts to comply with the Sarbanes-Oxley Act of 2002 (SOX) and, in particular, Section 404 of the Act requiring elaborate tests and certifications of the effectiveness of the company's internal control system. In this case, the company's executives have concluded that the costs of this effort greatly exceeded the benefits to the company. They are endeavoring to cut their compliance costs and to redeploy their control and internal audit resources to other, more important tasks, such as enterprise risk management.
Merchant, Kenneth A.
Van der Stede, Wim A.
14 Yes
For Profit
Financial Accounting
INT Add
Pi Kappa Phi, Inc.
Lets students be forensic accountants. A fraternity house was damaged by fire, and alumni are being asked to donate funds for reconstruction. There also has been a large insurance settlement. Some digging in the financials suggests that perhaps the fire (that took place in June, just after graduation) was not as devastating as might first be imagined.
Young, David W.
7 Yes
Nonprofit
Financial Accounting
INT Add
Pilbeam Company
Students must work through a series of accounting transactions, involving manufacturing inventories for two products to arrive at an income statement and a balance sheet. They then must assess the accuracy of the results.
Reece, James S.
3 No
For Profit
Financial Accounting
BEG Add
Protectomatic, Inc.
A quite complicated case concerning the expensing of various costs for a credit card protection company. The accounting is done in such a way that the company pays no taxes. Students must figure out some fairly complex transactions that are at work.
Reece, James S.
4 Yes
For Profit
Financial Accounting
ADV Add
Sidney's Art Gallery
A financial accounting case with some minor curve balls. Requires understanding journal entries, T accounts, and adjusting entries, and asks students to prepare a balance sheet and income statement. Suitable for an introductory course about 2-3 weeks into the semester.
Young, David W.
3 Yes
For Profit
Financial Accounting
BEG Add
Silver Appliance Company
A case that gives students practice in comparing the installment method to the delivery method of accounting, and the impact on taxes. A number of questions are raised that students must address.
Reece, James S.
2 Yes
For Profit
Financial Accounting
INT Add
Specter Systems, Inc.
A relatively simple case that allows students to look at the effects of LIFO/FIFO over a 2-year period, and also to assess the differences between a capital lease and an operating lease.
Young, David W.
3 Yes
For Profit
Financial Accounting
BEG Add
Stafford Press
A series of short problems dealing with various aspects of fixed asset accounting. The problems illustrate issues of asset valuation, disposal gains and losses, and expense versus capitalization of certain items. Students must analyze the impact on the income statement and balance sheet, and prepare a revised balance sheet.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
INT Add
Stern Corporation (A)
The (A) case is designed to give students practice in handling the various transactions for accounts receivable and bad debts. There can be differences of opinion, particularly about the treatment of bad debts recovered. The (B) case is similar and asks students to analyze the effect of each of several transactions on the property, plant, and equipment accounts, accumulated depreciation, and any other accounts that may be involved.
Reece, James S.
2 Yes
For Profit
Financial Accounting
INT Add
Stern Corporation (B)
The (A) case is designed to give students practice in handling the various transactions for accounts receivable and bad debts. There can be differences of opinion, particularly about the treatment of bad debts recovered. The (B) case is similar and asks students to analyze the effect of each of several transactions on the property, plant, and equipment accounts, accumulated depreciation, and any other accounts that may be involved.
Reece, James S.
2 Yes
For Profit
Financial Accounting
INT Add
Transitional Employment Enterprises, Inc. Popular Item
An oldie but goodie. A nonprofit with state funding to carry out its activities has done some questionable accounting. Students must identify some of the major accounting issues, and also some of the significant financial management issues, and distinguish between the two.
Young, David W.
9 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
INT Add
United States Steel and Marathon Oil
This case is intended to bring some life to the somewhat tedious (though important) topic of consolidations. The case is based on the February 1982 U.S. Steel-Marathon merger proxy statement. Students must deal with both the consolidation mechanics, and then with an analysis of the resulting pro forma consolidated statements. The analysis indicates that despite the apparent “bargain” price paid for Marathon, U. S. Steel’s near-term consolidated performance may suffer vis-à-vis the company's pre-merger results. (A decade after this combination, Marathon was spun off and today the two are again separate entities.)
Reece, James S.
3 Yes
For Profit
Financial Accounting
ADV Add
Usuluteca (A)
This case has a twofold purpose. First, to get students thinking about the problem of a national policy for essential drugs from two perspectives: types of problems and timing of solutions. Second, to get them to begin thinking about the design of a national policy in terms of (a) the types of problems, (b) what is a feasible approach in the short term and the long term, and (c) what is not feasible to address.
Young, David W.
5 Yes
Health Policy
Financial Accounting
INT Add
Van Buren Community Hospital
A case that asks students to analyze the financial statements of a hospital that is in some financial difficulty, and then to recommend a solution to the CEO.
Breitner, Leslie K.
7 No
Healthcare Management
Finance/Financial Management
Financial Accounting
INT Add
Wang Laboratories, Inc.
A case where financial analysis combined with an assessment of general management practices can help explain many of the causes of a financial crisis. The objective for students is to determine when the crisis at Wang became apparent on the financial statements, and for what reasons. Students can also make arguments as to what actions could have prevented some of the company's financial problems.
Young, David W.
6 Yes
For Profit
Financial Accounting
General Management
BEG Add
Watertown Wallets Company
Requires students to prepare a SCF, but it throws several curve balls at them, each of which represents a typical problem in either preparing or interpreting cash flow statements
Menon, Krishnagopal
1 Yes
For Profit
Financial Accounting
BEG Add
Westbrook Community Housing, Inc. Popular Item
An organization that is not following GAAP. With a few assumptions and some analysis, students can determine what the financial statements would have looked like if the organization had followed GAAP. They also can determine the approximate size of the organization and speculate a bit on how it is being managed. They then must advise a bank’s loan committee on what it should do about an outstanding mortgage.
Young, David W.
5 Yes
Nonprofit
Finance/Financial Management
Financial Accounting
INT Add
Xytech, Inc.
A relatively straightforward set of exercises in accounting for capital transactions, both debt and (primarily) owners’ equity transactions. The exercises are linked together by having them be successive transactions over a ten year period for a rapidly growing young company.
Anthony, Robert N.
2 Yes
For Profit
Financial Accounting
BEG Add