Objectives

From completing case analysis, you will gain the skills to

identify and assume an assigned role; identify and rank the importance of explicit issues; recognize hidden (undirected) issues that arise from a detailed analysis; identify accounting issues, assess their implications, generate alternatives, and provide recommendations within the bounds of ASPE/IFRS rules to meet the clients needs; demonstrate how accounting standards impact financial measures (ratios, covenants, etc.); and prepare a coherent report and integrated analysis that meets specific user needs. Required Materials

You will be required to leverage the Intermediate Accounting I textbook as well as provide the applicable IAS and/or ASPE rules when solving the case.

Financial Accounting Cases textbook.

Case 2

Better Health and Fitness (Financial Accounting Cases textbook, pp. 74-77)

Instructions

In this course, the case method is used to enable you to apply concepts, share ideas and improve communication skills. There are 3 cases to complete. Through case work you will discover for yourself the usefulness of concepts, how to apply them in practice and their benefit to organizational decision-makers.

The expectation is to complete the required cases during specific units. This is the best way for you to prepare for the final exam case question. Effective analysis consists of quantitative and qualitative analysis in order to provide a well-rounded solution.

In order to complete your case analysis successfully, you should

identify the role you are playing; assess the financial reporting landscape, considering the user needs, constraints, and business environment; identify the issues analyze the issues (qualitatively and quantitatively); and provide a recommendation and conclusion.