Since 2016, Tesla has been accepting reservations for its Model 3 car, which is a mid-size all-electric four-door sedan. The long-range battery Model 3 (310 miles on a single charge) starts at $50,000 while the standard range battery Model 3 (220 miles) starts at $35,000. Production cannot keep up with demand for this model. Tesla […]
Continue reading
Archive | Ch 03 Accrual income RSS feed for this section
Cash basis vs accrual accounting example: A quick video
February 5, 2018 
0 Comments
In introductory accounting, students can struggle to understand the difference between cash basis accounting and accrual basis accounting. I created a simple example that highlights the difference between the two basis of accounting. I created a short video (3:30 min.) of this example. Feel free to share the video with your students – the YouTube link […]
Continue readingCreate Customized Financial Accounting Case Assignments with the Accounting Case Template
January 10, 2018 1 Comment
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 which the instructor can choose, allowing the instructor to quickly build a case assignment customized for his/her specific course. It takes about two minutes to […]
Continue reading10-K, Ch 01 Financial statements, Ch 02 Transaction analysis, Ch 03 Accrual income, Ch 04 Internal control and cash, Ch 05 S-T Invest & Receivables, Ch 06 Inventory & COGS, Ch 07 PP&E and Intangibles, Ch 08 Long-term investments, Ch 09 Liabilities, Ch 10 Stockholders' equity, Ch 11 Income Statement, Ch 12 Stmt of Cash Flows, Ch 13 Financial Statement Analysis, Financial accounting
Given that Toys “R” Us has declared bankruptcy, what are its current, quick, and debt ratios?
October 5, 2017 0 Comments
Toys “R” Us (see https://www.toysrusinc.com/investors) declared Chapter 11 bankruptcy protection in September 2017, for its US operations. The toy retailer is seeking to restructure or remove some of its debts. Toys “R” Us is also looking to take similar actions for its Canadian operations. Here are the two most recent Toys “R” Us balance sheets. […]
Continue readingWhat closing entries would McDonald’s have made in 2016 based on its trial balance?
September 13, 2017 0 Comments
McDonald’s Corporation (NYSE: MCD) is a publicly held corporation and issued its financial statements for 2016 in 2017. To follow is a condensed and adapted trial balance as of December 31, 2016, that was constructed from those financial statements. Please note that the accounts have been adapted and condensed for educational use and should […]
Continue readingNEW! Create Customized Financial Accounting Case Assignments with the Accounting Case Template
August 11, 2017 4 Comments
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 which the instructor can choose, allowing the instructor to quickly build a case assignment customized for his/her specific course. It takes about two minutes to […]
Continue readingCh 01 Financial statements, Ch 02 Transaction analysis, Ch 03 Accrual income, Ch 04 Internal control and cash, Ch 05 S-T Invest & Receivables, Ch 06 Inventory & COGS, Ch 07 PP&E and Intangibles, Ch 09 Liabilities, Ch 10 Stockholders' equity, Ch 12 Stmt of Cash Flows, Ch 13 Financial Statement Analysis, Financial accounting
Introductory financial accounting Jeopardy game for end-of-semester review
April 4, 2017 2 Comments
At the end of the semester, I thought it might be useful to have a review game before the final exam. I have created a Jeopardy-style game that covers basic topics within an introductory financial accounting course. This PowerPoint file contains a Jeopardy-style game suitable for use in an introductory financial accounting class. There are […]
Continue readingCh 01 Financial statements, Ch 02 Transaction analysis, Ch 03 Accrual income, Ch 05 S-T Invest & Receivables, Ch 06 Inventory & COGS, Ch 07 PP&E and Intangibles, Ch 08 Long-term investments, Ch 09 Liabilities, Ch 10 Stockholders' equity, Ch 11 Income Statement, Ch 12 Stmt of Cash Flows, Ch 13 Financial Statement Analysis, Financial accounting
How long is the operating cycle of Williamette Valley Vineyards?
March 14, 2017 0 Comments
Oregon has the third most wineries in the United States; only California and Washington have more wineries. Williamette Valley Vineyards, Inc. (NASDAQ: WVVI) is one of these Oregon wineries and is publicly-held. Williamette Valley Vineyards produces and sells several types of bottled wines under its Williamette Valley Vineyards label, including Pinot Noir, Chardonnay, Pinot Gris, […]
Continue readingHow would Apple’s financial statements be impacted by its iPhone one-year warranty and related iPhone 6s battery replacement program?
February 9, 2017 0 Comments
Every new iPhone comes with a basic one-year warranty. If defects in materials or workmanship are discovered in one year from the date of retail purchase, Apple will repair or replace the iPhone at no cost to the customer. Recently, a batch of iPhone 6s devices was discovered to have a defect that causes them […]
Continue readingHow do Facebook and Twitter’s current and debt ratios compare?
October 6, 2016 0 Comments
Facebook, Inc. (NASDAQ: FB), and Twitter, Inc. (NYSE: TWTR), are two of the most popular publicly-held social media companies. Both are relatively young companies; Facebook was founded in 2004, while Twitter was started in 2006. To follow are adapted and condensed balance sheets for both Facebook and Twitter as of December 31, 2015. Please note: […]
Continue reading