The case describes several fundamental concepts of financial statement, such as the balance sheet and income statement and what are the purpose to maintain it, the nature of some particular assets and liabilities, the formation of owner’s equity, and how does it get changed.
It also describes some basic accounting concepts, including realization, money measurement, cost, dual aspect, and entity. Along with this, some fundamental matters of accounting and finance are also discussed, including depreciation, leverage, unmeasured value, and the nature of an account.
Related Case Solutions & Analyses:
Deloitte: on Livent Inc.
Long-Term FX Strategies in 2008
Global Property and Casualty Insurance Industry
Catawba Industrial Co.
The Politics and Economics of Accounting for Goodwill at Cisco Systems (B)
Global Fabricators, Inc.
Callmate Telips (B): Orix Investment Bank Pakistan Limited – Callmate Risk Uncovered
Filling a Hole: The Reinvestment Fund and Progress Plaza
Bank Valuation Issues
Dividend Policy at Linear Technology, Spanish Version
