This instructional case describes an embezzlement committed by the former executive director of a Southeast Idaho nonprofit organization, New Day Products. The case, based on an organization that helps people with disabilities, provides a rich context for students to learn about the important roles and responsibilities of nonprofit organizations’ boards of directors. Highlighting the challenges faced by nonprofit boards of directors, the case asks students to consider how New Day Products’ board of directors’ governance decisions, including its choice of financial statement reviews rather than audits, increased the executive director’s opportunities to commit fraud.
这个教学案例描述了爱达荷州东南部非营利组织New Day Products的前执行董事的贪污行为。该案例基于一个帮助残疾人的组织，为学生了解非营利组织董事会的重要角色和责任提供了丰富的背景。该案例强调了非营利董事会面临的挑战，要求学生考虑New Day Products董事会的治理决策，包括财务报表审查而非审计的选择，是如何增加执行董事实施欺诈的机会的。
{"title":"Bad Days at New Day Products","authors":"R. Picard, Marcus Burger, Marla Kraut","doi":"10.2308/issues-19-047","DOIUrl":"https://doi.org/10.2308/issues-19-047","url":null,"abstract":"This instructional case describes an embezzlement committed by the former executive director of a Southeast Idaho nonprofit organization, New Day Products. The case, based on an organization that helps people with disabilities, provides a rich context for students to learn about the important roles and responsibilities of nonprofit organizations’ boards of directors. Highlighting the challenges faced by nonprofit boards of directors, the case asks students to consider how New Day Products’ board of directors’ governance decisions, including its choice of financial statement reviews rather than audits, increased the executive director’s opportunities to commit fraud.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42143239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-09DOI: 10.2308/issues-17-015rrrr
Andrew Gross, J. Hemker, Jamie Hoelscher, B. Reed, Gregory Sierra
Sales returns are often considered a simple financial accounting topic, but in this case accounting for sales returns led to a significant lawsuit and settlement by Medicis Corporation and the largest fine ever imposed against a CPA firm by the PCAOB at the time. This case is designed to aid instructors in teaching accounting for sales with right of return under ASC 606 and is suited for an intermediate financial accounting course or a graduate course in accounting research. {Truncated for Space}
{"title":"Revenue Recognition and Sales Return Issues at Medicis Corporation","authors":"Andrew Gross, J. Hemker, Jamie Hoelscher, B. Reed, Gregory Sierra","doi":"10.2308/issues-17-015rrrr","DOIUrl":"https://doi.org/10.2308/issues-17-015rrrr","url":null,"abstract":"Sales returns are often considered a simple financial accounting topic, but in this case accounting for sales returns led to a significant lawsuit and settlement by Medicis Corporation and the largest fine ever imposed against a CPA firm by the PCAOB at the time. This case is designed to aid instructors in teaching accounting for sales with right of return under ASC 606 and is suited for an intermediate financial accounting course or a graduate course in accounting research. {Truncated for Space}","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48742522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The objective of this case is to help students identify potential violations of independence between a member of an external financial statement audit team and a client employee. Additionally, this case informs students of the audit firm's responsibilities to identify and address independence violations should they arise. The concept of independence is often difficult for students without any practice-oriented exposure to grasp. The case, loosely based on an actual auditor-client situation, presents a situation an audit professional might encounter in the ordinary course of business to bring the concept of independence to life. Instructors can use this case to enhance their lecture and discussion of auditor independence, either as a graded assignment or a guide for an in-depth class discussion.
{"title":"Did Friendship Impair the Auditor's Independence?","authors":"Matthew G. Sherwood, C. Porter","doi":"10.2308/issues-2020-046","DOIUrl":"https://doi.org/10.2308/issues-2020-046","url":null,"abstract":"The objective of this case is to help students identify potential violations of independence between a member of an external financial statement audit team and a client employee. Additionally, this case informs students of the audit firm's responsibilities to identify and address independence violations should they arise. The concept of independence is often difficult for students without any practice-oriented exposure to grasp. The case, loosely based on an actual auditor-client situation, presents a situation an audit professional might encounter in the ordinary course of business to bring the concept of independence to life. Instructors can use this case to enhance their lecture and discussion of auditor independence, either as a graded assignment or a guide for an in-depth class discussion.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46874129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This case introduces students to a big-box chain of home improvement stores with locations across the United States. In the role of a data analyst for the company, students will help the new CFO to understand the non-financial drivers of revenue in this retail chain. In addition, students will create a “dashboard” visual that allows the CFO to evaluate the performance of each store manager by date and by state and by store number. Ten years of data created specifically for this project, including revenue by store and data to create four non-financial performance measures at the store level are available in a Microsoft Access database. Students analyze this data using Excel Power Pivot and/or Power BI and summarize their findings in a visual and written report.
这个案例向学生介绍了一家遍布美国的大型家居装饰连锁店。作为公司的数据分析师，学生将帮助新任首席财务官了解这一零售链中收入的非财务驱动因素。此外，学生将创建一个“仪表板”视觉效果，使CFO能够按日期、状态和门店编号评估每位门店经理的绩效。Microsoft Access数据库中提供了专门为该项目创建的十年数据，包括商店收入和在商店级别创建四个非财务绩效指标的数据。学生使用Excel Power Pivot和/或Power BI分析这些数据，并在视觉和书面报告中总结他们的发现。
{"title":"Using data analytics to evaluate the drivers of revenue: An introductory case study using Microsoft Power Pivot and Power BI","authors":"Theresa Libby, J. Schwebke, Paul M. Goldwater","doi":"10.2308/issues-2021-057","DOIUrl":"https://doi.org/10.2308/issues-2021-057","url":null,"abstract":"This case introduces students to a big-box chain of home improvement stores with locations across the United States. In the role of a data analyst for the company, students will help the new CFO to understand the non-financial drivers of revenue in this retail chain. In addition, students will create a “dashboard” visual that allows the CFO to evaluate the performance of each store manager by date and by state and by store number. Ten years of data created specifically for this project, including revenue by store and data to create four non-financial performance measures at the store level are available in a Microsoft Access database. Students analyze this data using Excel Power Pivot and/or Power BI and summarize their findings in a visual and written report.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41515693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Adam Bordeman, Marc Cussatt, Kimberly D. Westermann
This case introduces students to engagement planning, risk management, independence, and execution in the setting of attestation engagements by examining the auditor’s role in the Academy Awards (also “the Oscars”). Specifically, this case focuses on an error made by PricewaterhouseCoopers (“PwC”) during the 89 th Academy Awards ceremony in 2017, which resulted in the announcement of the wrong “Best Picture” winner (“the error”). Students are required to research attestation engagements and the AICPA Code of Professional Conduct, analyze the benefits and risks associated with the Oscars engagement, evaluate the controls that were in place, and think critically about what additional control considerations may have prevented the error. Finally, students are asked to assess the potential consequences of this error for the engagement partners, the firm, and its clients. The visibility of this error is a unique opportunity to evaluate the roles and responsibilities of accountants in practice.
{"title":"Risk and Control Considerations in Attestation Engagements The Auditor’s Role in the Academy Awards","authors":"Adam Bordeman, Marc Cussatt, Kimberly D. Westermann","doi":"10.2308/issues-2021-036","DOIUrl":"https://doi.org/10.2308/issues-2021-036","url":null,"abstract":"This case introduces students to engagement planning, risk management, independence, and execution in the setting of attestation engagements by examining the auditor’s role in the Academy Awards (also “the Oscars”). Specifically, this case focuses on an error made by PricewaterhouseCoopers (“PwC”) during the 89 th Academy Awards ceremony in 2017, which resulted in the announcement of the wrong “Best Picture” winner (“the error”). Students are required to research attestation engagements and the AICPA Code of Professional Conduct, analyze the benefits and risks associated with the Oscars engagement, evaluate the controls that were in place, and think critically about what additional control considerations may have prevented the error. Finally, students are asked to assess the potential consequences of this error for the engagement partners, the firm, and its clients. The visibility of this error is a unique opportunity to evaluate the roles and responsibilities of accountants in practice.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49541624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The traditional first day of class includes the instructor reading from the syllabus, sharing personal details, and performing ice-breakers. This approach to “syllabus day” often gives students a negative first impression of the course, which may limit full understanding of course policies, hinder student motivation, and decrease instructor evaluations. This paper proposes a novel approach to “syllabus day” that includes completing an information search quiz, building a course grade "estimator" in Excel, and drafting a professional memo. These engaging activities are designed to increase students’ understanding of course policies by examining the syllabus for an accounting course and to develop workplace readiness skills vital to an accounting career. Student feedback indicates that our approach to the first class meeting gives students a better understanding of information included in the syllabus compared to other classes, is more interesting than typical initial class meetings, and is recommended for use in other courses.
{"title":"“Syllabus Day” Reinvented: Reimagining the First Day of Class for Accounting Courses","authors":"Kevin Hale, Rebecca Wetmiller","doi":"10.2308/issues-2021-041","DOIUrl":"https://doi.org/10.2308/issues-2021-041","url":null,"abstract":"The traditional first day of class includes the instructor reading from the syllabus, sharing personal details, and performing ice-breakers. This approach to “syllabus day” often gives students a negative first impression of the course, which may limit full understanding of course policies, hinder student motivation, and decrease instructor evaluations. This paper proposes a novel approach to “syllabus day” that includes completing an information search quiz, building a course grade \"estimator\" in Excel, and drafting a professional memo. These engaging activities are designed to increase students’ understanding of course policies by examining the syllabus for an accounting course and to develop workplace readiness skills vital to an accounting career. Student feedback indicates that our approach to the first class meeting gives students a better understanding of information included in the syllabus compared to other classes, is more interesting than typical initial class meetings, and is recommended for use in other courses.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45030254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Conventional accounting pedagogies, certification structures, and publishing protocols are infused with biases that limit the parameters of discourse. Hirschauer’s (2006) ‘silence of the social’ and Bailey’s (2007) three characteristics of implicit religion―personal commitment, integrating foci, and intensive concerns with extensive effects―are used to give voice to structural elements in accounting pedagogy, certification programs, and publishing regimes that discourage ideological and demographic diversity. The author provides examples of how one might modify management accounting classes to 1) address demographic and ideological biases in conventional curriculum materials and 2) encourage critical thinking about issues that have do not have the objective answers favored within assurance of learning programs and certification exams. The paper concludes with seven suggestions for additional research and conversations that are needed to better understand and address indirect mechanisms that quietly perpetuate the profession’s problematic track record on diversity and inclusion.
{"title":"GIVING VOICE TO PROBLEMATIC SILENCES IN ACCOUNTING EDUCATION IN RELATION TO LIMITED DEMOGRAPHIC AND IDEOLOGICAL DIVERSITY","authors":"L. Moore","doi":"10.2308/issues-2020-089","DOIUrl":"https://doi.org/10.2308/issues-2020-089","url":null,"abstract":"Conventional accounting pedagogies, certification structures, and publishing protocols are infused with biases that limit the parameters of discourse. Hirschauer’s (2006) ‘silence of the social’ and Bailey’s (2007) three characteristics of implicit religion―personal commitment, integrating foci, and intensive concerns with extensive effects―are used to give voice to structural elements in accounting pedagogy, certification programs, and publishing regimes that discourage ideological and demographic diversity. The author provides examples of how one might modify management accounting classes to 1) address demographic and ideological biases in conventional curriculum materials and 2) encourage critical thinking about issues that have do not have the objective answers favored within assurance of learning programs and certification exams. The paper concludes with seven suggestions for additional research and conversations that are needed to better understand and address indirect mechanisms that quietly perpetuate the profession’s problematic track record on diversity and inclusion.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42010018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper provides an active learning strategy with 34 interactive Excel spreadsheets incorporating eight core calculative principles for use in management accounting courses. Central to this ‘interactive learning strategy’ is how the dynamic formula functionality of Excel enables highly complex calculative exercises to be parsimoniously structured in templates with colour-coded instant feedback. Careful design and selection of solution cells focusses learning on core concepts of calculative principles. The strategy involves three forms of interactive learning: students interact with the exercises via the instant feedback functionality, students can interact personally with the instructor, and students can collaboratively interact with other students. With the exercises the learning strategy is easily implementable into in-person and online classes as complements to traditional lecture segments and textbook exercises. It offers a more engaging and more productive learning experience as perceived by students compared to traditional ‘pen and paper’ exercises (for online classes too).
{"title":"INTERACTIVE SPREADSHEETING: A LEARNING STRATEGY AND EXERCISES FOR CALCULATIVE MANAGEMENT ACCOUNTING PRINCIPLES","authors":"M. Peters, Cecilia Chiu","doi":"10.2308/issues-2020-093","DOIUrl":"https://doi.org/10.2308/issues-2020-093","url":null,"abstract":"This paper provides an active learning strategy with 34 interactive Excel spreadsheets incorporating eight core calculative principles for use in management accounting courses. Central to this ‘interactive learning strategy’ is how the dynamic formula functionality of Excel enables highly complex calculative exercises to be parsimoniously structured in templates with colour-coded instant feedback. Careful design and selection of solution cells focusses learning on core concepts of calculative principles. The strategy involves three forms of interactive learning: students interact with the exercises via the instant feedback functionality, students can interact personally with the instructor, and students can collaboratively interact with other students. With the exercises the learning strategy is easily implementable into in-person and online classes as complements to traditional lecture segments and textbook exercises. It offers a more engaging and more productive learning experience as perceived by students compared to traditional ‘pen and paper’ exercises (for online classes too).","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46865825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This case introduces students to the concept of the “dark triad,” a combination of Machiavellianism, narcissism, and psychopathy personality traits that have been associated with people who commit fraud. Students learn about this personality disorder by studying the events and the people associated with the Fyre Festival fraud. The case is designed to help auditing and forensic accounting students: (1) recognize the dark triad personality traits; (2) describe the fraud risks associated with this personality disorder; (3) analyze information in order to identify the red flags of fraud; and (4) recall the methods used by auditors and forensic accountants to identify and address the increased risk of fraud associated with a dark triad personality. In a post-case learning assessment, students reported significant improvement in their knowledge, comprehension, and application of these learning objectives.
{"title":"The Fyre Fraud: A Case Exploring the Dark Triad Personality","authors":"M. Hess","doi":"10.2308/issues-2020-035","DOIUrl":"https://doi.org/10.2308/issues-2020-035","url":null,"abstract":"This case introduces students to the concept of the “dark triad,” a combination of Machiavellianism, narcissism, and psychopathy personality traits that have been associated with people who commit fraud. Students learn about this personality disorder by studying the events and the people associated with the Fyre Festival fraud. The case is designed to help auditing and forensic accounting students: (1) recognize the dark triad personality traits; (2) describe the fraud risks associated with this personality disorder; (3) analyze information in order to identify the red flags of fraud; and (4) recall the methods used by auditors and forensic accountants to identify and address the increased risk of fraud associated with a dark triad personality. In a post-case learning assessment, students reported significant improvement in their knowledge, comprehension, and application of these learning objectives.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44489206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This case chronicles events in the State of Illinois over the period 1970 through 2017 that led to an increase in the State's unfunded pension liability from under $1.5 billion to over $137 billion - and growing. It recounts efforts to resolve the impending crisis that yielded unexpected consequences both large and adverse and highlights the role of accountants in educating policy makers on the financial impact of pension funding decisions. With these striking events as a backdrop, students use the Comprehensive Annual Financial Report (CAFR) to analyze Illinois' financial condition, assess its revenues and expenditures, interpret disclosures regarding its pension plans, and evaluate plans for their funding. The analyses will provide students with a deeper understanding of the structure and content of the CAFR and of governmental pension accounting, a complex topic on which accounting rules have undergone significant changes.
{"title":"PENSION FUNDING IN THE STATE OF ILLINOIS: A TEACHING CASE IN GOVERNMENTAL ACCOUNTING","authors":"Uday Chandra, A. Liu","doi":"10.2308/issues-19-024","DOIUrl":"https://doi.org/10.2308/issues-19-024","url":null,"abstract":"This case chronicles events in the State of Illinois over the period 1970 through 2017 that led to an increase in the State's unfunded pension liability from under $1.5 billion to over $137 billion - and growing. It recounts efforts to resolve the impending crisis that yielded unexpected consequences both large and adverse and highlights the role of accountants in educating policy makers on the financial impact of pension funding decisions. With these striking events as a backdrop, students use the Comprehensive Annual Financial Report (CAFR) to analyze Illinois' financial condition, assess its revenues and expenditures, interpret disclosures regarding its pension plans, and evaluate plans for their funding. The analyses will provide students with a deeper understanding of the structure and content of the CAFR and of governmental pension accounting, a complex topic on which accounting rules have undergone significant changes.","PeriodicalId":46324,"journal":{"name":"ISSUES IN ACCOUNTING EDUCATION","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2022-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44192737","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：