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Due to the issuance of certain new accounting literature, changes in the status of ongoing projects during the last year, or evolution of practice, addenda have been added to a number of the existing cases. Please refer to the “Addendum” column in the index below to determine if a case has been updated. A link to the 2008 Addenda Summary can also be found at the bottom of this page. Because an addendum may affect the solution for a case study, you should review the updated solutions.

The nonexclusive right to reproduce material contained in these cases without explicit written permission is hereby granted to faculty in connection with classroom use, academic research, and other educational endeavors of a not-for-profit nature.

2008 Case Index

Case Number	Title	Type	Subject	2008 Addendum	Applicable Courses
08-1	Go With the Flow, Inc. Case | Solution	Cash flows	Determining the classification of transactions in the Cash Flow Statement in accordance with SFAS 95.	No	Intermediate.
08-2	Sooner or Later Case | Solution	Stock compensation	Understanding the implications of performance measures in the accounting for share-based compensation.	No	Intermediate or graduate course.
08-3	Hedge Documentation Case | Solution	Derivatives	Identifying deficiencies in hedge documentation under SFAS 133 and understanding the implications for hedge accounting.	No	Graduate.
08-4	The Bear Minimum Case | Solution	Lease accounting	Identifying minimum lease payments.	No	Intermediate.
08-5	Sell-It Products Case | Solution	Segment reporting	Analyzing selected financial statement data to identify operating segments and determining which of those are reportable segments.	No	Intermediate or graduate.
08-6	The Rump Organization Case | Solution	Pension/OPEB accounting	Understanding the difference between voluntary and involuntary employee termination benefits and the related accounting implications.	Yes	Intermediate or graduate course.
08-7	Data Trappers, Inc. Case | Solution	Audit-Independence	Evaluating the implications of previously performed non-attest services for a prospective audit client.	No	Auditing.
08-8	Gainey Auto, Inc. Case | Solution	Fair value	Understanding the Fair Value Option and the implications on the financial statements of its adoption for various assets and liabilities.	No	Advanced accounting or Graduate course covering SFAS 157 & 159.
08-9	Fraud and Illegal Acts Case | Solution	Auditing	This case allows students to explore the actions management, audit committees and independent auditors take in response to allegations of possible fraud or illegal acts.	No	Advanced accounting or Graduate course.
08-10	Chocolate Rocks Accounting Errors Case | Solution	Materiality of errors	Evaluating the treatment of identified accounting errors in interim financial statements in accordance with SFAS 154 and SAB 108.	No	Auditing or Graduate course integrating financial accounting and auditing.

2007 Case Index

Case Number	Title	Type	Subject	2008 Addendum	Applicable Courses
07-1	Insuring R Losses Case | Solution | Teaching Aid	Accounting	Identifying indicators of other-than-temporary impairments. Focuses on the judgments in identifying appropriate information for disclosures related to other-than-temporary impairments of equity and fixed maturity investments.	No	Intermediate accounting or graduate course.
07-2	Western Aluminum Case | Solution	Accounting	Treatment of changes in accounting principle. Requires a judgment as to the preferability of one accounting method over another when making a change.  Assuming that the change is preferable, it requires calculating the financial statement impact of the change.	No	Graduate course if entire case is used. Could be shortened for use in intermediate accounting.
07-3	Columbia On-Line Networks Part 1 Case | Solution Part 2 Case | Solution Part 3 Case | Solution Part 3 Handout 1 | Handout  2	Accounting	Recognizing revenue in arrangements with multiple elements, accounting for long-term executory contracts, and audit considerations with respect to revenue recognition (with an emphasis on identifying round-trip transactions).	No	Intermediate accounting or undergraduate auditing if covering either the accounting or the auditing components of the case independently. Graduate course integrating financial accounting and auditing.
07-4	Murray Compensation Case | Solution	Accounting	Accounting for modifications to share-based payment awards. Requires the calculation of share based payments including the impact of reducing the exercise price.	No	Intermediate accounting or graduate course.
07-5	Springbok Corporation Case | Solution	Accounting	Identifying the accounting literature that applies to long-term incentive plans.	No	Requires research of the accounting literature to determine which literature appropriately applies to long-term incentive programs.
07-6	Graphic, Inc. Case | Solution	Accounting	Identifying and evaluating evidence to determine the appropriate income tax valuation allowance. Requires applying judgment in assessing the evidence that would impact the need for a valuation allowance related to deferred tax assets.	No	Intermediate accounting or graduate course.
07-7	Porky's Revenge Case | Solution	Accounting	Determining the lease commencement date. Focuses on a major issue in accounting for leases, but one which had often not been appropriately applied, resulting in incorrect accounting for many leases.	No	Intermediate accounting or graduate course.
07-8	Hurricane William Case | Solution	Accounting	Accounting for anticipated insurance recoveries. Focuses on the judgments related to accounting for a contingent asset, in this case an insurance recovery.	No	Intermediate accounting.

2006 Case Index

Case Number	Title	Type	Subject	2008 Addendum	Applicable Courses
06-1	Am I In or Am I Out Case | Solution	Accounting	Consolidation (applying FIN46R to multiple scenarios in determining whether an entity is a variable interest entity)	Yes	graduate
06-2	Convertme, Inc. Case | Solution	Accounting	Derivatives (determining whether or not a convertible contains an imbedded derivative)	Yes	graduate
06-4	Fast Car, Inc. Case | Solution	Accounting	Consolidation (related party lease and determination whether an entity is a variable interest entity)	Yes	graduate
06-5	Manini Manufacturing Case | Solution	Accounting	Revenue Recognition (revenue recognition in a multiple element sales arrangement)	Yes	intermediate or graduate – revenue recognition
06-6	Elite Running, Inc. Case | Solution Handout	Auditing	Preliminary Analytical Reviews (identification of client business and industry risks and related industry procedures)	No	undergraduate or graduate auditing
06-7	Crazy Computers Case | Solution	Accounting	Deferred Costs (revenue recognition on reinsured extended warranty contracts)	No	intermediate - revenue recognition
06-8	Sell Soon, Inc. Case | Solution	Accounting	Disposal of Long-lived Assets (recognition of costs related to a disposal of long-lived assets)	Yes	intermediate - fixed asset disposal
06-9	Stocks for Cheap Case | Solution coming soon	Accounting	Revenue Recognition (revenue recognition with a minimum revenue guarantee)	No	intermediate - revenue recognition
06-10	CheckMate Case | Solution	Accounting	Cash (appropriate accounting for cash disbursements)	Yes	intermediate - cash transactions
06-11	BlackGold, Inc. Case | Solution	Accounting	Asset Retirement Obligation Accounting Changes (accounting for an asset retirement obligation)	No	intermediate - liabilities
06-12	Outsourcing Services, Inc. Case | Solution	Accounting	Deferred Costs (accounting for upfront contract origination costs)	No	intermediate - expense recognition

2005 Case Index

Case Number	Title	Type	Subject	2008 Addendum	Applicable Courses
05-1	It’s Close Enough, Inc. Case | Solution	Accounting Auditing	Earnings Quality (assessing the appropriateness of the accounting methods chosen by a client and more desirable alternatives)	No	integrative case for graduate course
05-2	Minority, Inc. Case | Solution	Accounting	Financial Instruments (joint venture, put option granted to one of the venturers)	Yes	graduate
05-3	CherryPop Case | Solution	Accounting	Consolidation (Application of FIN46R to an interest in a joint venture to determine if it is a variable interest entity)	Yes	graduate
05-5	Guarantees-R-Us Case | Solution	Accounting	Contingencies (FIN45 and accounting for contingencies under financial guarantees)	No	graduate
05-6	Centcom, Inc. Case | Solution	Accounting	Consolidation (consolidation in accordance with the guidance under IFRS)	Yes	advanced or graduate
05-7	Ace Company Case | Solution Exhibit	Accounting	Derivatives (equity instruments with multiple components)	Yes	graduate
05-9	Spend More Case | Solution	Accounting	Stock Compensation (accounting for compensation costs under different stock option arrangements)	No	intermediate - stock options or graduate

2004 Case Index

Case Number	Title	Type	Subject	2008 Addendum	Applicable Courses
04-1	Total Computer, Inc. Case | Solution Examples 1-6	Accounting Auditing	Inventory Audit Confirmation (appropriate audit evidence regarding inventory reserve and accounts receivable amount)	Yes	undergraduate or graduate auditing
04-4	Three Little Pigs, Inc. Case | Solution	Accounting	Inventory (assessing and reporting of impairment of inventories - LOCOM)	No	intermediate - inventory valuation
04-6	Power Station Case | Solution	Accounting	Lease Accounting	No	intermediate - leases
04-8	Drug King Case | Solution	Accounting	Derivatives (accounting for assets transfers with related puts and calls)	Yes	graduate
04-9	Healthcare Depot Case | Solution	Accounting	Goodwill Impairment Issues (goodwill impairment and identification of reporting units)	No	intermediate - intangibles or graduate
04-10	Cashless, Inc. Case | Solution	Accounting	Debt (accounting for both the costs related to the issuance of convertible debt and the impact of a contingent put)	Yes	intermediate - long-term debt or graduate

2003 Case Index

Case Number	Title	Type	Subject	2008 Addendum	Applicable Courses
03-1	Web Browser Case | Solution	Accounting	Business Combinations (accounting for an investment in a limited partnership interest)	No	intermediate or advanced
03-3	Need Cash, Inc. Case | Solution	Accounting	Debt (retirement of debt and issuance of convertible debentures with detachable wants)	Yes	intermediate or graduate
03-5 – Part 1	Trademark, Inc. Part 1 Case | Solution	Accounting Auditing	Client Integrity (earnings management and assessing client integrity)	No	undergraduate or graduate auditing
03-5 – Part 2	Trademark Inc. Part 2 Case | Solution Handout 1 Handout 2 Handout 3	Auditing	Client Integrity (audit procedures related to assessing potential misstatements related to earnings management)	No	undergraduate or graduate auditing
03-7	AxCess Unlimited Case | Solution	Accounting	Impairment Issues (assessing reasonableness of deferred tax asset valuation allowance)	No	intermediate - deferred taxes
03-9	Highrise, Inc Case | Solution	Accounting	Consolidation (application of FIN46R, special purpose entity, and variable intetrest entity)	No	graduate
03-10	Painless, Inc. Case | Solution	Accounting	Investments (accounting for an investment in preferred stock  - equity method or not?)	No	intermediate - investments

2002 Case Index

Case Number	Title	Type	Subject	2008 Addendum	Applicable Courses
02-3	Frequent Fixer Case | Solution	Accounting	Contingencies	No	intermediate accounting
02-6	The Needle Eater Case | Solution	Accounting	Lease Accounting (sales-type lease)	Yes	intermediate - leases