Start Date
October 2024
End Date
October 2024
Location
Virtual
Submission Type
Case Study
Track
Accounting and Finance
Abstract
U.S. GAAP allows many contingent liabilities to remain off-balance sheet, whereas fair value accounting addresses this issue. Our case study examines a company’s contingent liabilities reported under both standards. Our case study was trialed and received positive student feedback for its relevance and engagement; students appreciated the insights gained and found it a refreshing change from typical lessons, with sufficient detail without being overwhelming. Suggestions for improvement included clearer explanations, additional guidance, discussion groups, and links to FASB statements to enhance understanding and provide practical insights. We are currently looking for additional feedback to improve our case!
Included in
Case Study: Accounting for Contingent Liabilities
Virtual
U.S. GAAP allows many contingent liabilities to remain off-balance sheet, whereas fair value accounting addresses this issue. Our case study examines a company’s contingent liabilities reported under both standards. Our case study was trialed and received positive student feedback for its relevance and engagement; students appreciated the insights gained and found it a refreshing change from typical lessons, with sufficient detail without being overwhelming. Suggestions for improvement included clearer explanations, additional guidance, discussion groups, and links to FASB statements to enhance understanding and provide practical insights. We are currently looking for additional feedback to improve our case!
