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 […]
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Ch 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
What costs at LimeBike, the bike sharing service, would be capitalized versus expensed?
March 28, 2017 
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LimeBike is a start-up founded in 2017 located in San Mateo, California. Its mission is to make shared bicycles accessible and affordable. The company has taken the basic idea of shared bicycles and eliminated the need to return the bike to a docking station, which may not be near the cyclist’s destination. LimeBike charges $1 […]
Continue readingFor a Zume Pizza delivery truck that uses a combination of robots, AI, and GPS in pizza preparation and delivery, what will be capitalized versus expensed?
March 7, 2017 0 Comments
Zume Pizza uses a combination of robots, artificial intelligence (AI), and GPS in its food trucks to deliver pizzas to customers’ houses just as the pizza is finished baking. The process starts with a customer using Zume Pizza’s app to order pizza. The pizza combinations offered by Zume have been derived by analyzing customer data […]
Continue readingHow will the opening of a new Cheesecake Factory in New York City impact Cheesecake Factory’s financial statements?
November 17, 2016 0 Comments
Recently, The Cheesecake Factory Incorporated (NASDAQ: CAKE), opened its first New York City restaurant. The new Cheesecake Factory is in Queens and is 8,850 square feet and seats 240 guests. Rather than franchising its business model, Cheesecake Factory owns and operates all of its U.S. restaurants, which at last count numbered more than 200. It […]
Continue readingWould the cost of the football field constructed on Bristol Motor Speedway for the UT vs VT game be capitalized or expensed?
September 13, 2016 2 Comments
On September 10, 2016, a football game was played on Bristol Motor Speedway. The game was the University of Tennessee (UT) versus Virginia Tech (VT.) Bristol Motor Speedway hosts NASCAR races. About ten years ago, a plan began to come together to host the UT vs. VT game at the track, since it is located […]
Continue readingWould the costs related to Cedar Point’s Valravn roller coaster be expensed or capitalized?
August 30, 2016 0 Comments
Cedar Point is an amusement park in Ohio and has 18 roller coasters. In 2016, Cedar Point added the Valravn roller coaster. Valravn has a height of 223 feet and a top speed of 75 miles per hour. It has a 4-second pause at the top of its first hill and then it plunges down […]
Continue readingHow would the Pittsburgh Steelers classify the purchase of robots to use for tackle practice?
June 1, 2016 0 Comments
The Pittsburgh Steelers, a U.S. professional football team based in Pennsylvania, are experimenting with using a robot, called a Mobile Virtual Player (MVP), during practices so that players do not have to tackle each other and risk injury. Instead, the players can tackle the foam-padded robot that mimics the sensation of tackling a person. The MVP […]
Continue readingHow will Black Squirrel Rentals use the relative sale value method to allocate the purchase price of a rental property it purchased?
March 22, 2016 0 Comments
Black Squirrel Rentals LLC is a real estate rental company located in Kent, Ohio, specializing in student housing. Black Squirrel Rentals recently purchased a large house at 217 Main Street in Kent for $290,000. Rooms in the house will be rented to students. In addition, there is office space that can be rented out on […]
Continue readingWhat types of Property, Plant and Equipment does Domino’s have on its balance sheet?
November 5, 2015 0 Comments
Domino’s (DPZ) recently made the news when it launched its pizza delivery vehicle, the Domino’s DXP™ (Delivery Expert). The DXP™ is a modified Chevy Spark electric automobile. At the October 2015 launch, there were 97 DXP™ in Domino’s nationwide fleet, with more to come. Domino’s has several categories of Property, Plant and Equipment (PP&E) on […]
Continue readingWill Domino’s capitalize or expense the costs associated with its new pizza delivery vehicle, the DXP™?
October 29, 2015 0 Comments
Domino’s (DPZ) recently made the news when it launched its pizza delivery vehicle, the Domino’s DXP™ (Delivery Expert). This delivery car has seating for just one person; the rest of the car is equipped for pizza delivery. It is equipped with a warming oven and can hold up to 80 pizzas. It has several storage […]
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