Pacific Restaurant Supply Ltd.

A month’s worth of purchases and sales in a restaurant RUs must be detected, the ending inventory of the assets and liabilities must be determined, and the revenue and cost of goods sold sections of a profit and loss account must be prepared. This exercise is...

Camelback Communications Inc.

Camelback Communications, Inc. has a poorly designed cost accounting and is in the process of redesigning it. This case shows how the old costing run. Camelback Communications, Inc. has a poorly designed cost accounting and is in the process of redesigning it. This...

Note on Revenue Recognition and Income Measurement

This note focuses on the rules and policy manager using decision to recognize revenue and earnings in the measurement preparation of periodic financial statements. This note considers issues only partially considered by the Canadian Institute of Chartered Accountants...

Graves Industries Inc. (C): Consumer Hardware Division

Describes events over a period of three years in a division of Graves Industries. The division is squeezed for profit, and to engage the manager in the Department in some fraudulent accounting systems with revenue and capitalization of expenses. A number of questions...

Disctech Inc.

Describes a company that had the problems of fraudulent accounting. Offers the opportunity to discuss the role of top management, financial management, internal and external auditors and the audit committee of the board of directors in such a case. The problems...

Disctech Inc. Video

Focuses on 1) the role of management, auditors and the Board of Directors in making judgments about accounting reserves and 2) the task of “controlling” top management. Focuses on 1) the role of management, auditors and the Board of Directors in making...