Case Study Requirements

• Select an accounting topic of your choice - this could be revenue recognition, inventory valuation, fair value, stock options, derivatives, investments, segment reporting, leases, just to name a few.

• Perform research on this topic in the FASB codification (use can also use your textbook for initial guidance but please use the references from the codification).

Use this information to login to the codification site:

Username: AAA51729

Password: nq96TZT

http://aaahq.org/ascLogin.cfm

• Apply what you learned in your research to two publicly held companies. You can use the Sec.gov website to search annual reports by accounting topic.

• Write a three page report evaluating the impact the accounting literature or specific standard had on each of your company's financial statements.

• The report should include background on the accounting topic you selected - assume I know nothing about this accounting topic and you need to explain to me the key points.

• Please include exhibits/excerpts from your selected companies' financial statements for reference.