Cases in Financial Reporting

by Hirst, D. Eric; McAnally, Mary Lea

• ISBN13: 9780131881204
• ISBN10: 0131881205
• Edition: 5th
• Format: Paperback
• Copyright: 2006-01-01
• Publisher: Prentice Hall

Summary

Capstone UG Financial Accounting, Intermdiate, Financial Reporting, Financial Statement Analysis, MBA Financial Accounting. Collection of Financial Accounting cases designed to help students become users of financial reports. Students learn accounting by reading financial statements and by responding to topical questions about those financials. This casebook introduces students to 38 companies and portions of their financial statements. Each case deals with a specific financial accounting topic within the context of one companies's financial statements.

Table of Contents

Becoming Familiar With Financial Reporting
Basics, Tools, and the Persistence of Earnings
Basics---Interpretation and Preparation of Financial Statements
ASICS Corporation---Understanding Financial Statements	1	(17)
Nike---Basic Ratio Analysis	18	(6)
Club Mediterranee S. A. --- International GAAP	24	(7)
Food Lion, Inc. --- Preparation of Financial Statements	31	(6)
Taiwan Semiconductor Manufacturing Company --- Transactions and Periodic Adjustments	37	(14)
Abercrombie & Fitch Co. --- Transactions and Financial Statements	51	(4)
Tools---Discounted Cash Flow
Vodafone Group Plc --- Time Value of Money	55	(8)
Rhodia Group --- Goodwill Impairment	63	(11)
Tools---Basic Valuation and the Persistence of Earnings
Maple Leaf Gardens --- Measurement Concepts and Valuation	74	(11)
Pharmacia Corporation --- Persistence of Earnings	85	(8)
Tools---Cash Basis versus Accrual Basis Reporting
Kohl's Corporation --- Statement of Cash Flows	93	(6)
Mayor's Jewelers, Inc. --- Statement of Cash Flows	99	(7)
Weis Markets, Inc. --- Statement of Cash Flows	106	(7)
Evaluating Financial Reporting Disclosures
Balance Sheet Components and Issues in the Quality of Earnings
Assets
Lucent Technologies, Inc. --- Revenue Recognition	113	(7)
Alcatel --- Accounts Receivable	120	(8)
Caterpillar, Inc., Deere & Company, and CNH Global N.V. --- Inventory	128	(9)
Callaway Golf Company --- Manufacturing Inventory	137	(6)
Tasty Baking Company --- Property, Plant, & Equipment	143	(8)
WorldCom, Inc. --- Capitalized Costs and Earnings Quality	151	(10)
Dr. Reddy's Laboratories Limited --- Research & Development Costs	161	(10)
Liabilities
BASF Group --- Contingencies and Provisions	171	(8)
Maytag Corporation --- Contingencies and Deferred Taxes	179	(8)
Rite Aid Corporation --- Long-Term Debt	187	(12)
Continental Airlines, Inc. --- Leases	199	(9)
International Speedway Corporation --- Deferred Taxes	208	(7)
Bethlehem Steel Corporation --- Retirement Obligations	215	(13)
Owners' Equity
The Dow Chemical Company --- Treasury Stock	228	(8)
Xilinx Inc. --- Employee Stock Options	236	(12)
Intercorporate Investments
Wachovia Corporation --- Marketable Securities	248	(7)
Chico's FAS, Inc. --- Marketable Securities	255	(7)
BCE Inc. --- Investments in Other Companies	262	(9)
Financial Statement Analysis
Boston Beer & Lion Brewery --- Financial Statement Analysis	271	(25)
Grupo Casa Saba SA de CV --- Inflation Accounting	296