Archive | Financial accounting RSS feed for this section

How will Levi Strauss & Co’s initial public offering affect the company?

Levi Strauss & Co., the long-time maker of blue jeans, is planning its initial public offering (IPO) in early 2019. The company is hoping to raise between $500 – $800 million from its IPO. Levi Strass has been privately-held since 1996 after Levi Strauss’ descendants bought out the company. Levi Strauss, the founder, started the […]

Continue reading

How would Uber’s balance sheet be impacted by its $2 billion bond issuance?

Uber Technologies Inc. issued $2 billion of bonds in October 2018. The total bond issuance included $500 million of five-year bonds with a 7.5% coupon and $1.5 billion of eight-year bonds with an 8% coupon. This bond issuance is Uber’s first bond offering, but it has taken out loans with private investors totaling $2.65 billion […]

Continue reading

Accounting Case Template tool available to build an introductory financial accounting case assignment

Again, as we start a new semester, I wanted to point out the availability of a tool that may be of use in teaching introductory financial accounting. The Accounting Case Template (ACT) is a web tool I designed that allows instructors to quickly build an introductory financial accounting case assignment. A variety of options are provided from […]

Continue reading

Will the cost of the new Forbidden Frontier attraction at Cedar Point reduce income in 2018?

Management of Cedar Point, the amusement park in Sandusky, Ohio, recently announced that it would be closing the Dinosaurs Alive and Witches’ Wheel to make room for a new attraction called “Forbidden Frontier on Adventure Island.” This paragraph is what Cedar Point management released about this upcoming new attraction: “Grab your map and prepare for […]

Continue reading

How should Canada Dry account for the lawsuit filed against it because its ginger ale allegedly does not contain ginger root?

A woman has filed a lawsuit against Canada Dry and its parent company Keurig Dr Pepper[1] (NYSE: KDP), claiming that its ginger ale does not contain enough ginger to be a healthier alternative to sodas. The plaintiff purchased Canada Dry ginger ale when her children were sick, because she thought it would soothe their stomachaches […]

Continue reading

How did the reverse stock split of Movie Pass’s parent company affect its total stockholders’ equity?

Helios and Matheson, Inc. (NASDAQ: HMNY)  is the parent company of MoviePass, the theater subscription service. MoviePass has struggled to find a sustainable, profitable business model. Its original $10 per month subscription plan allowed subscribers to see one movie per day. MoviePass had to pay most theaters the full price of the ticket each time […]

Continue reading

Create Customized Financial Accounting Case Assignments with the Accounting Case Template

Again, as we start the fall semester, I wanted to point out the availability of a tool that may be of use in teaching introductory financial accounting. The Accounting Case Template (ACT) is a web tool I designed that allows instructors to quickly build an introductory financial accounting case assignment. A variety of options are provided from […]

Continue reading

A recap of the Excel data analytics project blog posts

Hello! I have posted a few data analytics projects here on my blog and thought it might be useful as the semester starts to post the links in one post. Here goes: Project 1: Transaction analysis for Introductory financial accounting using the City of Somerville, MA, online checkbook data set (link) Project 2: Budgeting and […]

Continue reading

When would AMC Theatres recognize revenue from its AMC Stubs A-List subscription service?

AMC Entertainment Holdings, Inc. (NYSE: AMC), also known as AMC Theatres, recently announced a $19.95 per month subscription service, AMC Stubs A-List, to compete with MoviePass. With the A-List program, subscribers can see up to three movies per week with few restrictions. The minimum commitment is three months, after which time the subscriber can cancel […]

Continue reading

Data analytics project: Gross profit analysis for introductory financial accounting

This blog post contains a data analytics project that is suitable for introductory financial accounting. The student uses Excel to analyze a data set that contains more than 48,000 records. The data analytics project can be assigned early in the course once the concept of gross profit is reviewed. Overview of project This project uses […]

Continue reading