個案總覽

The overarching goal of the revenue recognition chapter is to help readers understand better the substance and implementation challenges of the joint FASB/IASB revenue recognition standard.

The objective of this reading is to enhance understanding of the concept of fair value as used in accounting. It is not intended to expand knowledge of specific accounting applications of fair value at the transaction level.

The objective of this reading is to enhance understanding of the nature of the information that general purpose financial reports provide. This goal is achieved by exposing readers to the basic accounting concepts and assumptions that shape the form and character of this information.

Emily Wang, an analyst with Future Securities, a Shanghai-based investment firm, is given the task of making stock purchase recommendations to her supervisor from a number of Chinese common stocks. One stock in particular, Hubei Lantian Co., Ltd. (Hubei Lantian), caught Emily's attention as a likely purchase recommendation. Before making her recommendation decision, Emily felt she needed to look deeper into the company's operating performance and financial condition. To this end, Emily performed a financial ratio analysis comparison of Hubei Lantian's financial ratios to those of selected peer companies. Hubei Lantian's major revenue sources were aquatic products (fish, ducks) and beverages (lotus root juice, mineral water). Guided by these revenue sources, Emily selected the financial statements of four companies in the fishery industry and three companies in the food and beverage industry to perform a peer company comparative financial ratio analysis. The case reproduces the individual company financial ratios Emily computed for her comparative ratio analysis. The student's task is to use these ratios and whatever insights they can develop from the case data to assess Hubei Lantian's individual and comparative performance, financial condition, and quality of earnings. In addition, the case assignment asks students to suggest possible lines of inquiry Emily might pursue if given the opportunity to conduct field research. At the end of the class, students are asked to make a stock recommendation.

Supplement for case 112036

Supplement for case 113015.

Management of a company with extensive palm oil tree plantations questions the usefulness to management and investors of IASF1's requirement to value palm oil trees at their fair value.

Excerpts from a hedge fund's report accusing a Chinese bond company of using fraudulent financial statements.

Spreadsheet supplement for 111-070.

Chinese government raises barriers to U.S. Public Company Accounting Oversight Board auditing Deloitte's Chinese auditing firms.

No abstract available.

No abstract available.

A Chinese company listed on the Toronto Stock Exchange is accused of fraud by a hedge fund.

Oil and gas company Enman Oil attempts to lower its total leverage value by switching from the successful efforts method to the full costs method.