Active Surfaces

Abstract

Active Surfaces, an MIT start-up that developed low-cost, ultra-lightweight, flexible solar panels designed to be applied to practically any surface, serves as the setting for a simple bookkeeping exercise that has students utilize the balance sheet equation to record a series of business transactions. Students are also asked to prepare a balance sheet as well as calculate net income and cash flow for the time period in question. This case is intended to be used early on in an introductory financial accounting course.

Learning Objective

To illustrate the accounting process of going from recording individual business transactions to preparing summary financial statements.

Appropriate for the Following Course(s)

financial accounting

Active Surfaces

TEACHING NOTE*

*TEACHING NOTES AND SUPPLEMENTAL MATERIALS ARE ONLY AVAILABLE TO EDUCATORS WHO HOLD TEACHING POSITIONS AT ACADEMIC INSTITUTIONS.