This
page
provides links to selected cases that are either sole or co-authored
by Professor Bowen. These cases can be grouped into two
general categories: financial reporting & analysis
and managerial accounting. Within
each subject, the cases are organized by topic and most can be
downloaded in pdf format by clicking on the name of the case.
I.
Selected cases in Financial Reporting are
organized by topic:
II.
Selected cases in Managerial Accounting (under
construction)
- Cost-Volume-Profit
analysis
- Activity-based
costing
-
You get what you measure (and reward)
- EVA and
capital budgeting decisions
I.
Financial Reporting and Analysis
Personal
Statement of Assets and Liabilities -- student prepares
their own personal balance sheet and contrasts their assumptions
with those underlying corporate financial reporting.
Haystack
Bookstore -- prepare the financial statements of a retail
business from the underlying events.
Lookout Inn -- prepare the financial
statements of a service business from the underlying events,
and evaluate the performance of the business.
Robert
Mondavi -- introduces financial statement analysis for the
large California winery.
Amazon.com
-- part A of the case introduces financial statement analysis
for the yet-to-be profitable internet retailer.
The Rouse Company -- Rouse adopts an
alternative basis of accounting for its large real estate
holdings. Rouse
has these data audited and reports the results alongside
its
GAAP numbers
in its
balance
sheet.
Using
a spreadsheet to value a firm's stock -- introduces the
theory and practice of earnings-based equity valuation.
Examples include a hypothetical coffee retailer and Robert Mondavi
wineries in late 2001.
Alaska
Gold -- part A evaluates company performance under alternative
approaches to revenue recognition.
Thousand
Trails -- evaluate the revenue recognition and asset valuation
policies of this campground membership company. [not currently
available for download]
Amazon.com --
parts B, C and D of the case introduce accounting issues
associated with internet companies. How conservative
is
Amazon's financial reporting compared to some internet companies?
Microsoft's
Financial Reporting Strategy -- evaluate Microsoft's policies
for revenue recognition and software development. This
is a Harvard case and thus is an external link.
Amazon.com's
Pro Forma Earnings Target -- evaluate Amazon's pro forma
earnings disclosures.
Joe's
TV -- part A is a basic introduction to inventory valuation
methods; part B asks the more interesting question "How much
should a manager of a LIFO firm purchase at the end of a period?"
Alaska
Gold -- part B examines the effect of hypothetical end-of-period
purchase decisions on the financial reporting of the company.
Microsoft's
Financial Reporting Strategy -- discusses the large
gap between Microsoft's market and book value of equity, and
asks whether adjustments to less conservative accounting for
revenue recognition and software development costs can explain
the gap. External link to Harvard case.
J.C.
Penney -- introduction to the economics, valuation and
accounting
for long term debt using J.C. Penney's deeply discounted notes
and bonds. Is a bond without interest like a car without
a motor?
Walt
Disney -- covers the economics, valuation and accounting
for Disney's innovative 100-year "Sleeping Beauty" bonds.
Southwest
Airlines (A) -- introduction to reading and understanding
a typical lease accounting note; evaluate the financial leverage
of SW Air after capitalizing the long-term noncancelable operating
leases.
Southwest
Airlines (B) -- introduction to reading and understanding
a typical income tax note.
Microsoft's
Stock and Savings Plans -- introduction to reading and
understanding
the stock option note.
Coke
versus Pepsi -- evaluating the financial reporting strategies
of Coca Cola versus PepsiCo in 1998. How does Coke use
the equity method to improve the appearance of its financial
performance?
Harnischfeger --
Harvard case by Krishna Palepu. Evaluates the quality
of earnings reported by the company in their 100th anniversary
year.
Cases
in Managerial Accounting: (under construction)
- Cost-Volume-Profit
analysis
- Activity-based
costing
-
You get what you measure (and reward)
- EVA and
capital budgeting decisions
