کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
359361 | 620153 | 2015 | 8 صفحه PDF | دانلود رایگان |
• The case facilitates student understanding of US GAAP and IFRS authority related to Chapter 11 bankruptcy accounting.
• The case illustrates the requirements and application of ‘fresh-start’ accounting.
• The case requires discussion of the reorganization process, plan, and values.
• Students perceived the case enhanced their learning experience.
The Johnson Manufacturing (Johnson) case demonstrates the steps a firm must take when exiting Chapter 11 bankruptcy, including the determination of the applicability of ‘fresh-start’ accounting. To complete the case, adjustments are required to the asset, liability, and equity accounts in accordance with the post-reorganization balance sheet date. The case also requires students to demonstrate an awareness and understanding of the authoritative guidance related to bankruptcy accounting under US GAAP and to recognize fresh-start accounting adjustments required under International Financial Reporting Standards (IFRS).
Journal: Journal of Accounting Education - Volume 33, Issue 4, December 2015, Pages 309–316