Archive | Ch 11 Statement of cash flows RSS feed for this section

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

Create Customized Financial Accounting Case Assignments with the Accounting Case Template

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 reading

Introductory financial accounting Jeopardy game for end-of-semester review

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 reading

How is 1-800-FLOWERS.COM’s earnings quality from 2013 – 2015?

Harry London, a steelworker in Canton, Ohio, started making chocolates for his family and friends around the start of the 20th Century. By 1922, he had enough demand for his fine chocolates that he left his steel-working job and started Harry London Candies. Harry London used the kitchen in his home to create his chocolates […]

Continue reading

What information is in the auditor and management letters in The J.M. Smucker Company’s Form 10-K?

The J. M. Smucker Company (SJM) was started in 1897 by Jerome Monroe Smucker in Orrville, Ohio. The J. M. Smucker Company has several well-known brands in its lineup, including Jif, Folgers, Pillsbury, and Hungry Jack. Since The J. M. Smucker Company is publicly-held, it issues a Form 10-K each year.  It is also required […]

Continue reading

How does the new equity issued by Sonos, the wireless internet-enabled speaker maker, affect its financial statements?

Sonos is a maker of wireless internet-enabled speaker systems.  It was founded in California in 2002 and has experienced rapidly growing sales.  Its CEO, John MacFarlane, indicated that Sonos would exceed $1 billion in sales in 2014. In December 2014, the privately-held Sonos issued an additional $130 million in new equity. It will be using […]

Continue reading

What does Coca-Cola’s Form 10-K communicate about its short-term investments?

Coca-Cola is firmly entrenched in our history and culture.  On February 28, 2015, a Coca-Cola exhibition will open at the High Museum of Art in Atlanta.  The exhibition will feature paintings, photographs, and other items related to Coke’s iconic curved bottle. The exhibition will run through October 4, 2015. (Fun fact: Coca-Cola is sold in […]

Continue reading

What does Walt Disney’s Form 10-K communicate about its unearned revenue and accrued revenue?

Over the past year, The Walt Disney Company (DIS) has made the news because it increased its ticket prices at Walt Disney World in Florida, Disneyland Park in California, and other parks around the world.  Ticket revenue, however, is not its only source of revenue. The following is an excerpt from the Notes to Consolidated […]

Continue reading

What impact do lower fuel costs and other changes have on an airline’s net income?

American Airlines Group (AAL), the world’s biggest airline, has been reporting record profits in recent quarters.  United Continental Holdings and Southwest Airlines also reported record profits. Part of what has contributed to the record profits has been the decline in the cost of oil. The price of oil has fallen during 2014; we are spending […]

Continue reading

What is in Urban Outfitters’ auditor’s report?

Urban Outfitters, Inc., is a specialty retailer, offering a wide selection of clothing, accessories, and other items. The Fiscal Year 2013 Annual Report for Urban Outfitters, Inc., can be found here.  Page F-2 (page 54 in the pdf document) of that annual report contains the “Report of Independent Registered Public Accounting Firm,” or the auditor’s […]

Continue reading