Revenue and expense recognition cases developed from the accounting and auditing enforcement releases |
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Institution: | 1. Georgetown University, Washington, DC 20057, USA;2. The University of Alabama, Tuscaloosa, AL 35487, USA |
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Abstract: | This paper presents four revenue and expense recognition cases to be used in the intermediate accounting sequence. The cases are adapted from Accounting and Auditing Enforcement Releases, so they are based on real-world situations. Each case requires students to search accounting databases to find the appropriate pronouncements or other accounting guidance. Students must also synthesize the information to provide compelling arguments for their proposed solutions. The cases can help develop critical thinking skills in unstructured environments while reinforcing key financial accounting concepts. |
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