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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. To see if a case has been updated, please click on the download button above. Because an addendum may affect the solution for a case study, you should review the updated solutions.

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2012 Case Index

Case: 12-1 An Unlikely Alliance
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Type: Consolidations
Subject: Applying key concepts of the VIE model in ASC 810-10 (Statement 167).
Applicable courses: Advanced or Graduate

Case: 12-2 To Recognize or Not to Recognize, That Is the Question
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Type: Subsequent events
Subject: Determining whether subsequent events should be recognized and/or disclosed.
Applicable courses: Auditing

Case: 12-3 Provisions and Contingencies
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Type: Contingencies
Subject: Determining the accounting for provisions and contingencies under IFRS and U.S. GAAP.
Applicable courses: Intermediate or Graduate

Case: 12-4 Hemo-Tech
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Type: Revenue Recognition
Subject: Accounting for multiple-element revenue transactions under U.S. GAAP  (specifically identifying deliverables and determining selling price) and exploring the sources of IFRS guidance for such transactions
Applicable courses: Intermediate or Graduate

Case: 12-5 Aren't We Done Yet?
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Type: Revenue Recognition
Subject: Determine the accounting considerations involved in the use of contract accounting methodologies, assess the circumstances in which a change in the method of revenue recognition may be appropriate, and determine whether such changes are a change in accounting principle versus the application of an accounting policy.
Applicable courses: Intermediate

Case: 12-6 Philadelphia Communications
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Type: Receivables
Subject: Determining the accounting for Receivables from Officers and Directors.
Applicable courses: Intermediate

Case: 12-7 Claims, Litigation, Settlements, and More Claims!    
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Type: Audit Fair Value/Environmental Liabilities
Subject: Apply the key concepts in ASC 450-20 to the accounting for claims-based litigation liabilities and evaluate the appropriateness of the audit engagement team’s procedures for testing the reasonableness of management’s reserve estimates.
Applicable courses: Auditing or Graduate Course Integrating Accounting and Auditing

Case: 12-8 Going, Going, Gone
Download: Case | Solution | Appendix 1 | Appendix 2 | Appendix 3 | Appendix 4 | Appendix 5
Type: Going Concern
Subject: Determining the appropriateness of an entity’s going concern assumption.
Applicable courses: Auditing

Case: 12-9 Rough Waters Ahead
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Type: Fair Value
Subject: Determine the accounting for impairment of long-lived assets in accordance with ASC 360-10.
Applicable courses: Intermediate or Graduate

Case: 12-10 Acquisition of a Legal Subsidiary in Bankruptcy
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Type: Business Combinations
Subject: Determine the appropriate accounting for the acquisition of a former subsidiary in bankruptcy and the appropriateness of fresh start reporting or push down of new basis to the acquiree.
Applicable courses: Advanced or Graduate

2011 Case Index

Case: 11-1 Polluter
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Type: Cash flows US and IFRS
Subject: Statement of Cashflows classification
Applicable courses: Intermediate

Case: 11-2(a) Fair Value Hierarchy 
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Type: Fair Value
Subject: Determining fair value hierarchy per ASC 820 and reconciliation of investments valued with Level 3 inputs.
Applicable courses: Graduate

Case: 11-2(b) Fair Value Disclosures
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Type: Fair Value
Subject: Determining quantitative and qualitative disclosures for assets and liabilities that are measured at fair value on a recurring basis under ASC 820.
Applicable courses: Graduate

Case: 11-3 Masters of the Universe
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Type: Consolidation of Variable Interest Entities
Subject: Applying key concepts of the VIE model in ASC 810-10 (Statement 167).
Applicable courses: Advanced or Graduate

Case: 11-4 Functional Currency Determination
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Type: Functional Currency US and IFRS
Subject:Determining functional currency under IFRS and U.S. GAAP
Applicable courses: Advanced or Graduate

Case: 11-5 Venus Cellular
Download: Case | SolutionType: Income Statement Presentation
Subject: Identifying presentation issues in the statement of comprehensive income or the income statement under U.S. GAAP and IFRS
Applicable courses: Intermediate

Case: 11-6 Lessee, Ltd.
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Type: Lease accounting US and IFRS
Subject: Determining the appropriate classification and accounting for a lease arrangement under U.S. GAAP and IFRS
Applicable courses: Intermediate or Graduate

Case: 11-7 Food for Thought
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Type: Business Combinations
Subject: Determining consideration transferred, fair value of assets acquired and liabilities assumed and valuation of intangible assets under ASC 805.
Applicable courses: Advanced or Graduate

Case: 11-8 Billy's Beats
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Type:Professional judgement
Subject: Using professional judgment to evaluate the reserve estimates based on management representations.
Applicable courses: Undergraduate or Graduate Auditing

Case: 11-9 Goodwill Impairment Testing
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Type: Goodwill Impairment
Subject: Determining if an interim goodwill impairment test should be performed and if the goodwill impairment analysis performed at the last annual testing date can be carried forward to the current year.
Applicable courses: Intermediate or Graduate

2010 Case Index

Case: 10-1 SolvGen
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Type: Revenue recognition
Subject: Recognizing revenue in a research and development arrangement with multiple elements
Applicable courses: Intermediate or Graduate

Case: 10-2 Ida’s Impairment
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Type: Accounting for Asset Impairments
Subject: Calculating impairment of assets and reversals of impairment losses under IFRS and U.S. GAAP
Applicable courses: Intermediate or Graduate

Case 10-3 Restructuring Costs
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Type: Restructuring Costs 
Subject: Accounting for restructuring costs under IFRS and U.S. GAAP
Applicable courses: Intermediate or Graduate

Case 10-4 Lack of Information
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Type: Asset Retirement Obligations
Subject: Assessing whether sufficient information exists to measure an asset retirement obligation.
Applicable courses: Intermediate or Graduate

Case: 10-6 Care for Kids
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Type: Materiality of Errors
Subject: Evaluating & classifying deficiencies that are greater than de minimis but not material
Applicable courses: Auditing

Case: 10-7 Impaired Abilites
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Type: Investments
Subject: Assessing whether investments are other than temporarily impaired
Applicable courses: Intermediate or Graduate

Case: 10-8 AB&C Company
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Type: Investments; Fair Value
Subject: Auditing investments: existence and valuation
Applicable courses: Auditing or Graduate course integrating Financial Reporting and Auditing

Case: 10-9 Institutional Investor Company
Download: Case | SolutionType: Investments; Fair Value
Subject: Auditing investments: existence and valuation
Applicable courses: Auditing or Graduate course integrating Financial Reporting and Auditing

Case: 10-10 An Offer You Can't Refuse
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Type: Professional Judgment
Subject: Professional judgment on accrual of estimated settlement obligation and management representations
Applicable courses: Auditing or Graduate course integrating Financial Reporting and Auditing

Case: 10-11 Eye Vision
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Type: Revenue Recognition
Subject: Multiple deliverables/software revenue recognition
Applicable courses: Intermediate or Graduate

2009 Case Index

Case: 09-2 Pharmgen Pharmaceuticals
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Type: Funded R&D
Subject: Understanding the implications of and accounting for R&D funding arrangements. The case focuses on the difficulty of deciding how to account for R&D contractual arrangements.
Applicable courses: Intermediate or Graduate

Case 09-3 Venturing Into Consolidations
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Type: FIN 46(R)/ Consolidations 
Subject: Applying the principles of accounting for Variable Interest Entities to Joint Venture arrangements. The case focuses on identifying variable interest entities and determining which standards to apply.
Applicable courses: Advanced or Graduate

Case 09-4 Needs Space
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Type: Lease accounting
Subject: Accounting for asset retirement and similar obligations imposed under the terms of a lease agreement.
Applicable courses: Intermediate or Graduate

Cases: 09-5 and 09-5(a) Pit Stop Closed/Sold
Download: 09-5 Case | Solution  09-5(a) Case | Solution
Type: Discontinued operations
Subject: Determining whether an asset disposal qualifies for presentation as a discontinued operation.
Applicable courses: Advanced or Graduate

Case: 09-6 UpBeat, Inc.
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Type: Transfers of financial assets
Subject: Accounting for the transfer and servicing of financial instruments. The case requires students to determine whether particular provisions preclude sales treatment.
Applicable courses: Advanced or Graduate

Case: 09-7 Auto Corporation
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Type: Impairment
Subject: Accounting for asset impairments. The case asks students to determine the appropriate asset groupings to assess impairment and to identify matters to consider when testing the recognition and measurement of impairment.
Applicable courses: Intermediate or undergraduate auditing if covering either the accounting or auditing components separately; Graduate course integrating accounting and auditing

Case: 09-8 Classified Information
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Type: Income statement presentation
Subject: Issues related to the appropriate placement of items in the income statement. The case is designed to illustrate some common issues related to income statement presentation.
Applicable courses: Intermediate or Graduate

Case: 09-9 Bricks & Mortar
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Type: Income taxes
Subject: Accounting for uncertain tax positions. The case illustrates the judgments involved in applying FIN48.
Applicable courses: Intermediate or Graduate Accounting or Tax course covering FIN48

2008 Case Index

Case: 08-2 - Sooner or Later
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Type: Stock compensation 
Subject: Understanding the implications of performance measures in the accounting for share-based compensation.
Applicable Courses: Intermediate or graduate course

Case: 08-4 - The Bear Minimum
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Type: Lease accounting
Subject: Identifying minimum lease payments.
Applicable Courses: Intermediate

Case: 08-5 - Sell-It Products
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Type: Segment reporting
Subject: Analyzing selected financial statement data to identify operating segments and determining which of those are reportable segments.
Applicable Courses: Intermediate or graduate

Case: 08-6 - The Rump Organization
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Type: Pension/OPEB accounting
Subject: Understanding the difference between voluntary and involuntary employee termination benefits and the related accounting implications.
Applicable Courses: Intermediate or graduate course

Case: 08-9 - Fraud and Illegal Acts
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Type: Auditing
Subject: Fraud
Applicable Courses: Undergraduate or auditing course.

2007 Case Index

Case: 07-4 Murray Compensation
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Type: Accounting
Subject: Accounting for modifications to share-based payment awards. Requires the calculation of share based payments including the impact of reducing the exercise price.
Applicable Courses: Intermediate accounting or graduate course.

Case: 07-8 Hurricane William
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Type: Accounting
Subject: Accounting for anticipated insurance recoveries. Focuses on the judgments related to accounting for a contingent asset, in this case an insurance recovery.
Applicable Courses: Intermediate accounting.

2005 Case Index

Case: 05-6 Centcom, Inc.
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Type: Accounting
Subject: Consolidation (consolidation in accordance with the guidance under IFRS)
Applicable Courses: Advanced or graduate

Case: 05-7 Ace Company
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Type: Accounting
Subject: Derivatives (equity instruments with multiple components)
Applicable Courses: Graduate

2004 Case Index

Case: 04-4 Three Little Pigs, Inc.
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Type: Accounting
Subject: Inventory (assessing and reporting of impairment of inventories - LOCOM)
Applicable Courses: Intermediate - inventory valuation

Case: 04-8 Drug King
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Type: Accounting
Subject: Derivatives (accounting for assets transfers with related puts and calls)
Applicable Courses: Graduate