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Cases in Financial Reporting
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Cases in Financial Reporting
Rocky Mountain, Starbucks, Granite Bay

December 2024 | 344 pages | Cambridge Business Publishers
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Formerly published by Cambridge Business Publishers, now published by Sage 
 
Cases in Financial Reporting, Eighth Edition was written to help students become skilled users of financial accounting information by engaging directly with real company financial statements and disclosures. Learning accounting is similar to learning a new language—the fastest way to gain fluency is through repeated exposure and meaningful conversation. This collection of cases creates those conversational opportunities. Designed for use at both the undergraduate and graduate level, the cases bridge a gap between traditional textbook exercises and unstructured discussion cases.

Students analyze actual financial statements, footnotes, press releases, and industry data, responding to directed questions that emphasize interpretation, judgment, and financial statement use rather than mechanical preparation. Each case focuses on one or two specific financial accounting topics within the context of real companies. By working through a wide variety of firms, industries, and reporting environments, students quickly learn how to interpret accounting information, assess earnings quality, and understand how reporting choices affect economic outcomes.

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Cases in Financial Reporting
 
Starbucks Corporation—Understanding Financial Statements
 
Rocky Mountain Chocolate Factory, Inc.—Preparing Financial Statements
 
Golden Enterprises, Inc.—Statement of Cash Flows
 
Apple Inc.—Revenue Recognition
 
Google Inc.—Earnings Announcements and Information Environment
 
Molson Coors Brewing Company Profitability and Earnings Persistence
 
Mitsubishi Electric Corporation—Time Value of Money
 
Weis Markets, Inc.—Measurement Concepts & Valuation
 
Pearson PLC—Accounts Receivable
 
Callaway Golf Company—Manufacturing Inventory
 
Deere & Company and CNH Global N.V.—Inventory
 
Palfinger AG—Property, Plant, & Equipment
 
Cisco Systems, Inc.—Goodwill and Other Intangible Assets
 
The Wendy’s Company—Equity Method Investments
 
Volvo Group—Research & Development Costs
 
WorldCom, Inc.—Capitalized Costs and Earnings Quality
 
State Street Corporation—Marketable Securities
 
BP P.L.C.—Contingencies
 
Johnson & Johnson—Retirement Obligations
 
ZAGG Inc.—Deferred Income Taxes
 
Rite Aid Corporation—Long-Term Debt
 
Build-A-Bear Workshop, Inc.—Leases
 
Xilinx, Inc.—Stock-Based Compensation
 
Merck & Co., Inc. and GlaxoSmithKline plc—Shareholders’ Equity
 
The Home Depot, Inc. and Lowe’s Companies, Inc.—Financial Statement Analysis
 
Nordstrom, Inc.—Analyzing Financial Performance Return on Operating Assets Additive DuPont Model
 
Nordstrom, Inc.—Analyzing Financial Performance Traditional Multiplicative DuPont Model

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Key features
NEW TO THIS EDITION:
  • Added new companies and updated cases reflecting current financial statements and disclosures.
  • Reorganized and refined case questions to improve clarity and analytical flow.
  • Expanded coverage of comprehensive income and non-GAAP performance measures.
  • Increased use of industry-level data and comparison tables.
  • Expanded coverage of international companies and IFRS-related issues.
KEY FEATURES:
  • Case-Based Learning: A collection of 27 cases built around real company financial statements and disclosures.
  • Financial Statement Diversity: Exposure to a wide range of industries, firm sizes, and operating environments.
  • Current Financial Information: Cases use recent and relevant financial statements, with select older cases retained for conceptual strength.
  • International Perspective: Includes non-U.S. companies and cases comparing U.S. GAAP and IFRS.
  • Guided Case Structure: Each case includes financial statements, footnotes, and directed questions focused on specific accounting topics.
  • Industry and Peer Comparisons: Many cases include industry data and multi-company comparisons.
  • Press and Disclosure Integration: Select cases incorporate earnings releases and business press articles.
  • Learning Objectives: Each case begins with clear learning objectives to focus analysis.
  • Business Context: Company descriptions ground accounting numbers in real operating environments.
  • C.P.A. Framework: Case questions are organized into Concepts, Process, and Analysis to support progressive learning.
  • Earnings Quality Emphasis: Repeated focus on earnings persistence, quality of earnings, and managerial judgment.
  • Flexible Course Use: Cases can be used independently and assigned in any order.
  • Scalable Across Levels: Concept and Process questions suit introductory courses, while Analysis questions challenge advanced undergraduates and MBA students.