Auswide, an Australian bank with a strong community focus, 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 an updated balance sheet as well as calculate net in...

In a span of 11 months, FTX. a crypto exchange co-founded by Sam Bankman-Fried (SBF), went from being valued at $32 billion in January 2022 to filing for bankruptcy, wiping out billions in investor money by November. Those called in to clean up the mess soon discovered that up to $9 billion in custo...

In the June 7-8, 2014 weekend edition of The Wall Street Journal, an article entitled “Accounting Errors Hit Hertz Hard” caught auto industry analyst Abby Devins’s attention. Devins recalled that Hertz had hinted in March about the possibility of having to restate its 2011 financial statements, but ...

In July of 2020, the National Hockey League (NHL) and the NHL Players’ Association (NHLPA) were negotiating an agreement on a return-to-play plan for the 2019-20 season interrupted by the COVID-19 pandemic. At the same time, the two parties were negotiating an agreement to extend the league’s collec...

Over the seven years since its founding in 2010, Spartan Race grew to be the world’s most popular obstacle course race provider. Spartan’s CEO and founder was contemplating an initial public offering but was unsure how the new global revenue recognition standard that the company was in the process o...

Students are placed in the position of Pedro Russell, a partner at GSM Partners, during the due diligence phase of the acquisition process for MedPro Institute, a vocational training school in the medical field. While reviewing the school’s financial data, Russell discovered that the school relied a...

This case examines how Marsha Jackson, the Head of Internal Audit at RiseEngineer, deals with a whistleblower allegation of bribery in the company’s foreign subsidiary. Marsha’s compliance team conducts an investigation focused on the subsidiary’s bid on a major construction project. Students are as...