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Introduction: Sears Holdings Corporation was one of the largest retail companies in the United States. In 2017, the company had a net loss of $2.2 billion, marking the company's twelfth consecutive year of net losses. One of the contributing factors to Sears' financial troubles was its accounting practices. Specifically, Sears was criticized for its treatment of uncollectible a...

Introduction: The competition between law firms and accounting firms has always been a topic of discussion. Both professions have similar tasks, including providing advisory services, legal opinions, and consulting services. However, these professions have traditionally been separate, and the competition between them has been fierce. This case study examines the competition bet...

Introduction: The study of national economic accounting has played a significant role in understanding a country's economic activities, measuring economic growth, and formulating economic policies. However, the method of national economic accounting has evolved over time and has faced numerous challenges in practice. The case "National Economic Accounting: Past, Present, and Fu...

Introduction: The case study "Another Hidden Edge: Japanese Management Accounting" by Toshiro Hiromoto analyzes the unique management accounting practices of Japanese companies. The case presents the perspective that traditional management accounting systems in Japan are often more focused on creating long-term value rather than just short-term profits. The case highlights seve...

Introduction: Dexus is a leading Australian real estate investment trust (REIT) that has implemented cloud computing to improve its operational efficiency. Dexus entered into a cloud computing arrangement with a third-party service provider to host its IT infrastructure. The issue arose with regards to the accounting treatment of this arrangement. This case study analyzes the a...

Introduction: The case study “How Accounting Can Help Build a Sustainable Economy” by Eben Harrell explores the role of accounting in building a sustainable economy. The case highlights that accounting practices can shape and influence the direction of the economy and can play a key role in the creation of sustainable business practices. Case Issue: The main issue highlighted i...

Introduction: The finance industry has long been known for its gender gap, with women often facing significant obstacles in advancing their careers. Despite efforts to promote diversity and inclusion, progress has been slow, particularly in the highest-paying and most prestigious jobs. This case study examines the challenges faced by women in the finance industry, focusing on t...

Introduction: The article "Businesses Must Reclaim Prudent Accounting Principles" by Karthik Ramanna discusses the importance of financial transparency and accountability in corporate accounting. The author argues that in the wake of financial scandals and economic crises, there is a need for companies to adopt a more prudent approach to accounting practices. Case Issue: The ar...

Introduction: The case study “The End of Accounting?” by Baruch Lev and Partha Mohanram explores the concept of traditional accounting and its limitations in providing relevant and timely information to investors. The authors argue that current accounting practices are insufficient in providing a comprehensive view of a company’s value, leading to a misallocation of resources a...

Introduction: The case study "Shifting Finance from Controlling to Improving" by Brad Power discusses how finance departments in organizations can move away from traditional controlling practices to becoming a strategic partner in the company's success. The case highlights the challenges and benefits of this shift through the example of a large manufacturer. Case Issue: The iss...