Case 1.2 Just For FEET, Inc.
Harold Ruttenberg was a native of Johansburg, moved his family to the United States in
the mid 1970s with less than $30,000 in his pocket. He started his business by leasing a vacant
storefront in Birmingham mall and calling i
Case 6.1 Leigh Ann Walker, Staff Accounting
Leigh Ann Walker was a graduate from a major state university who had a GPA of 3.9. A
semester before her graduation, she had interviews with several public accounting firms and she
received six job offers. Afte
Case 7.1 Ligand Pharmaceuticals
3. Identify the accounting standards and concepts that dictate the proper accounting
treatment for sales returns. How were these standards and concept violated by Ligand?
Entry included a debit to Sales Returns and Allowanc
Case 6.6 Charles Tollison, Audit Manager
For more than thirteen years, Charles Tollison had been a hardworking audit manager for
a large international accounting firm. As a dedicated employee of the company, he had never turn
down a difficult engagement,
Case 1.10 Gemstar-TV Guide International, Inc.
1. What fundamental principles dictate when a company should recognize or record
revenue in its accounting records? Revenue recognition issues can be particularly complex for
companies that sell software and/
Case 6.2 Bill DeBurger, In-Charge Accountant
1. What conclusion do you believe Bill DeBurger reached in his inventory memo? Put
yourself in his position. What conclusion would you have expressed in the inventory
a. I believe that Bill made up a