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Accounting for complex investment transactions

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  • Churyk, Natalie Tatiana
  • Stenka, Renata

Abstract

This case study exposes students to complex investment transactions. You must document the following: (1) apply the appropriate accounting literature along with its provisions and justify the order of its application; (2) identify and interpret key facts to classify the given investments and relations; (3) discuss the choice of key assumptions that are central to the analysis; (4) interpret the nature of all investment relations with Holdings; discuss all Owner level and below relations; (5) discuss how accounting for varied levels of influence impact the items reported on/off the face of investors' financial statements; (6) from DT's perspective, discuss the potential positives and negatives of its arrangement with Owner with respect to Holdings; and (7) after analyzing additional facts, discuss the nature of the relations of Simon and Herb III with Owner.

Suggested Citation

  • Churyk, Natalie Tatiana & Stenka, Renata, 2014. "Accounting for complex investment transactions," Journal of Accounting Education, Elsevier, vol. 32(4), pages 58-70.
    • Handle: RePEc:eee:joaced:v:32:y:2014:i:4:p:58-70
    DOI: 10.1016/j.jaccedu.2014.08.001
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    References listed on IDEAS

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    1. Mian, Shehzad L. & Smith, Clifford Jr., 1990. "Incentives for unconsolidated financial reporting," Journal of Accounting and Economics, Elsevier, vol. 12(1-3), pages 141-171, January.
    2. John Flower, 2004. "European Financial Reporting," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-62810-6, December.
    3. Arnold, Patricia J., 2009. "Global financial crisis: The challenge to accounting research," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 803-809, August.
    4. Hopwood, Anthony G., 2009. "The economic crisis and accounting: Implications for the research community," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 797-802, August.
    5. David Alexander, 1999. "A benchmark for the adequacy of published financial statements," Accounting and Business Research, Taylor & Francis Journals, vol. 29(3), pages 239-253.
    6. Mian, Shehzad L. & Smith, Clifford Jr., 1990. "Incentives associated with changes in consolidated reporting requirements," Journal of Accounting and Economics, Elsevier, vol. 13(3), pages 249-266, October.
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    2. Teuteberg, Torben & Voll, Daniel & Zülch, Henning, 2016. "The success story of international additives producer AG: A case study on categorization of investments under IFRS," Journal of Accounting Education, Elsevier, vol. 34(C), pages 13-29.
    3. Hoelscher, Jamie & Mortimer, Amanda, 2018. "Using Tableau to visualize data and drive decision-making," Journal of Accounting Education, Elsevier, vol. 44(C), pages 49-59.
    4. Gross, Andrew & Hoelscher, Jamie & Reed, Brad J. & Sierra, Gregory E., 2020. "The new nuts and bolts of auditing: Technological innovation in inventorying inventory," Journal of Accounting Education, Elsevier, vol. 52(C).

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