CaseKey teaching notesCase Topic: Advertising Sales/Promotion Characters: Cathy and Dave, a well-to-do professional couple Al, a real estate salesman Cathy and Dave are young, upwardly mobile. They hold good professional jobs in downtown Chicago. One day Cathy received an invitation in-the mail, from a resort called Green Acres (GA), which was located near the…
CaseKey teaching notesCase Topic: Package Labeling and Advertising Characters: Hans, Cosmetics Group Product Marketing Manager; Maria, Assistant Marketing Communications Manager Maria is an Assistant Marketing Communications Manager with TruBlush Cosmetics, a manufacturer of facial cream and other skin moisturizing products. She is relatively new to the cosmetics industry, being a recent college graduate with…
CaseKey teaching notesCase Topic: Accounting for Leases Characters: Jon, recently hired controller for Apel Manufacturing Rex, CEO of Apel Manufacturing Apel Manufacturing is a small nonpublic manufacturing company with plans to automate its production process and add a third production shift. Management thinks the improved technology and increased production are the only feasible ways…
CaseKey teaching notesCase Characters: Jennifer Grace, First-year member of her CPA firm’s management group Tom Ward, CFO of Fantastic Developments, Inc., a client While reviewing the current-year audit working papers of Coshocton National Bank (CNB), the engagement manager, Jennifer Grace, noted something curious. In the working papers related to loan valuation, Jennifer saw that the…
CaseKey teaching notesCase Topic: Asset Valuation/Write – Downs Characters: Chris, new controller of a small construction company Robin, CEO of the same company Chris, a CPA and formerly a staff accountant for a large public accounting firm, is the new controller for a small construction company that employs 60 people. The company is now…
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…