Greetings! I am excited to announce that Professor Jill Mitchell and I have teamed up to create a series of podcasts for introductory financial accounting. Our podcast is called “Accounting Explained.” Accounting Explained podcast episodes will generally be short (eight to ten minutes) and are designed for students in introductory accounting. Additionally, the podcast is […]
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[New Podcast Episode] Unlocking the Basics: A Dive into Accounting for Long-Term Bonds Payable
October 23, 2024 
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I am excited to share that I am experimenting with creating podcasts for my blog. I did a podcast to try it out and the topic is “The basics of accounting for long-term bonds payable” and it is aimed at students in introductory financial accounting. This podcast is 11:46 minutes in length and you can […]
Continue readingHow could Ford’s expansion of its Avon Lake plant to manufacture electric commercial vans impact its balance sheet, cash flows, and profitability?
September 18, 2024 0 Comments
Ford Motor Company (NYSE: F) is moving ahead with a $1.5 billion expansion of its Ohio Assembly Plant in Avon Lake to start producing a new electric commercial van by 2026. This investment is part of Ford’s strategy to shift towards more electric and hybrid vehicles that are cost-efficient and offer better value to customers. […]
Continue readingHow does Chipotle’s 50-to-1 stock split impact its stockholders’ equity?
September 12, 2024 0 Comments
Chipotle Mexican Grill announced a 50-to-1 stock split in June of 2024. This was the first time that Chipotle split its stock since going public in 2006. It was also one of the biggest stock splits ever among S&P 500 firms. On the day of the stock split, each share of Chipotle (NYSE: CMG) stock […]
Continue readingHow does Apple’s stock buyback impact its financial statements?
September 9, 2024 0 Comments
In May of 2024, Apple announced a share buyback authorization of $110 billion, which is the largest in share repurchase authorization in U.S. history. Apple may not buy back the full $110 billion of its stock; the board’s authorization is simply the maximum amount of stock that can be repurchased. However, based on Apple’s history, […]
Continue readingFinancial Accounting Wordles: Kickstart Your Semester!
September 7, 2024 0 Comments
If you follow my blog, you know that I am a game enthusiast and that extends into my teaching. Anyways, I created a few Wordles for early in the Introductory Financial Accounting course. These Wordles use words that are common to most, if not all, first chapters in introductory financial accounting textbooks. Here are the […]
Continue readingWhat information can be calculated from Coca-Cola’s trial balance?
January 28, 2024 0 Comments
What information can be calculated from Coca-Cola’s trial balance? Coca-Cola, Inc. (NYSE: KO) is a multinational drink company headquartered in Atlanta, Georgia, United States. It is a publicly held corporation. Coca-Cola operates and reports financial information annually every December 31. To follow is a condensed and adapted trial balance as of December 31, 2022, that […]
Continue readingPoll: How important are journal entries for introductory financial accounting?
July 9, 2023 14 Comments
Greetings! I am working on developing a new project for introductory financial accounting and I am trying to decide whether to include journal entries as part of the project, or to focus on understanding and the use of the information. The project I am working on would apply to several topics within introductory financial accounting, […]
Continue readingHow would Yeti account for the contingent liability arising from a recall of its soft coolers and gear cases?
March 19, 2023 0 Comments
Yeti is recalling nearly two million soft coolers and gear cases, including the Hopper M30 Soft Cooler 1.0 and 2.0, Hopper M20 Soft Backpack Cooler, and SideKick Dry Gear Case, due to a magnet ingestion hazard. The products, sold between March 2018 and January 2023, feature large internal pockets with powerful magnet closures that can […]
Continue readingWhat information can be calculated from Krispy Kreme’s trial balance?
January 28, 2023 0 Comments
Krispy Kreme, Inc. (NASDAQ:DNUT) is a multinational doughnut company and coffeehouse chain headquartered in Winston-Salem, North Carolina, United States. It is a publicly held corporation. Krispy Kreme operates and reports financial information on a 52- or 53-week year with the fiscal year ending on the Sunday closest to December 31. Krispy Kreme’s 2021 fiscal year […]
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