Accounting Standard Changes: Classroom Cases on Credit Losses and Leases
First Faculty Advisor
Second Faculty Advisor
CC 4.0 BY-NC-SA
Learning by doing is one of the best ways to ensure accounting students are prepared for real-world scenarios. This document contains 2 case studies meant to provide students with the opportunity to practice applying two of the newest accounting standards: the new credit loss standard and the new leasing standard. The credit loss case study is designed for a graduate class. This case involves both credit losses and fair value adjustments. The second case is focused on impairment of a leased asset and is designed for undergraduate students studying intermediate accounting. These cases require students to practice and apply both analytical and computational skills in completing the requirements. Students who completed these case studies generally reported a deeper understanding of the material and appreciated working through the accounting procedures from start to finish.