July 17, 2018

Instructor Notes

The concept of revenue recognition is critical to understanding accrual accounting. This is a great case to start chapter 2 before there is any discussion of accrual accounting. Up until this poin...

July 11, 2018

Instructor Notes

Even though this case deals with the first learning objective in Chapter 1, it works best to introduce it at the end of the chapter. The goal of this case is for students to identify how financial...

April 4, 2018

Instructor Notes

Basic revenue recognition is a critical concept for students. This simple case is a great way to start the discussion of unearned revenue. I introduce the basic definition of revenue (i.e. a benef...

January 31, 2018

Instructor Notes

Students often struggle to understand that inventory cost flow (i.e. FIFO / LIFO) is an accounting treatment and has nothing to do with the actual flow of goods. This simple case is a great way to...

January 10, 2018

Instructor Notes

This is the first real-world case I cover in my introductory financial class and I cover it at the end of chapter 4. It is also the first time I introduce my students to real world financial state...

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