CaseKey teaching notesCase Topic: Asset Valuation/Write-Downs Characters: Ron, Inventory Control Clerk; Penny, Controller Art, Company President Rhonda, Sales Manager Penny is the first Controller ever hired at a medium-sized farm machinery company. The firm has reacquired tractors and other parts and equipment from farmers who filed for bankruptcy or were seriously behind in their…
CaseKey teaching notesCase Topic: Auditing/Materiality Characters: Kelsey, Senior accountant for a local CPA firm; Bruce, Audit manager for the same CPA firm Kelsey, a senior accountant at a multi-office CPA firm, is assigned to the audit of Compo Corporation. Compo is a closely held corporation and a major client of the firm. During the…
CaseKey teaching notesCase Topic: Black-Market Activity Characters: Suzanne Thompson, International Tobacco Products Manager, U.S. Tobacco Inc. Suppakorn Rachinda, a Kalandese national, Southeast Brand Manager for UST’s “Primo” brand Freshly promoted to International Tobacco Products Manager for U.S. Tobacco, Suzanne Thompson finds herself at the cutting edge of the firm’s growth strategy for the next…
CaseKey teaching notesCase Topic: Capital Budgeting Characters: John, financial analyst at a small bank The president of a small bank “These numbers are not what I expected, John. Are you sure they’re correct?” John wasn’t. You could never be sure with capital budgeting. You just made your best estimates, even though you knew any…
CaseKey teaching notesCase Topic: Capital Budgeting Characters: George, a recent M.B.A. who is the only cost accountant at a manufacturing plant which is the largest employer in Cedar Valley, a town of about 20,000 people; Arthur, the plant manager Arthur: “George, come into my office for a few minutes. You know that the company…
CaseKey teaching notesCase Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation; Ron, the budgeting and standards supervisor and Jennifer’s superior in the accounting department Jennifer has been working on next year’s budgets for some of the division’s products. After Ron looked over her work, he…
CaseKey teaching notesCase Topic: Budgeting/Forecasting/Standard Setting Characters: Edward Saylor, Browning College controller Albert Cauldron, aide to the controller Browning College is a private Midwestern liberal arts college with a national reputation for quality and innovation in curriculum and learning design. Recent rumors hint at serious emerging financial problems, in sharp contrast with the institution’s…
CaseKey teaching notesCase Topic: Compensation/Discrimination Characters: Jane, Manager, Payroll Department for R&S Electronic Service Company Brad, Owner of 1tdcS Electronic Service Company Eddie, General Manager Greg, Service Technician and Eddies brother Jane has just been hired as the head of the Payroll Department at R&S Electronics Service Company, a firm of 75 employees. She…
CaseKey teaching notesCase Topic: Client Services Characters: Steve, Second-year staff accountant in small CPA firm Partner, One of the firm’s partners Steve graduated from college about a year and a half ago and has been progressing rapidly as a staff member of a local CPA firm. Now, in Steve’s second year at his firm,…
CaseKey teaching notesCase Topic: Government (Cost Allocation on Government Contracts) Characters: Bob, staff internal auditor at a medium-sized company Jan, senior internal auditor, Bob’s supervisor Bob, a CPA, is an internal auditor at a medium-sized company for which cost-reimbursable defense and other contracts with the federal government compromise 40 percent of its business. Bob’s…