Effective Learning Through Cases: Examples from the Trueblood Case Study Series

Transcription

1 Effective Learning Through Cases: Examples from the Trueblood Case Study Series Maryland Association of CPA s Accounting Education Conference D.J. Gannon January 11, 2013 The Deloitte Foundation sponsors two programs related to the : The Trueblood Seminars for Professors The The Trueblood Seminars for Professors The Trueblood Seminars for Professors are funded by the Deloitte Foundation and are sponsored with the American Accounting Association (AAA). The Trueblood Seminars for Professors continues to be one of the AAA s most highly regarded programs. The seminars honor Robert M. Trueblood, who was one of Deloitte s most accomplished professionals and scholars who had served as the Chairman of the Board of Touche Ross. 1

2 The Trueblood Seminars for Professors Each seminar features multiple case discussions led by several of our AERS partners, an open forum discussion of topical issues and developments in practice, as well as financial reporting updates. The Trueblood Seminars are designed to help faculty learn more about the current state of practice so they can better prepare their students for careers in business or public accounting. They offer scholars and practitioners an opportunity to meet together to learn about the latest developments in practice and the most challenging problems faced by practitioners. The is comprised of nearly fifty accounting and auditing cases and solutions which are published and made available free of charge on our firm s website to members of the academic community for use in the college/university classroom. Each year, ten new cases are added to the online site. The new cases would have been used at the Trueblood Seminars for Professors. We update each of the nearly 50 cases every year to keep the issues current and to make updates to recent changes in authoritative literature. A wide range of topics are addressed in the Case Study Series: Fair Value Financial Instruments Goodwill and Asset Impairment Asset Disposal/Discontinued Operations Revenue Recognition Share-Based Payments Consolidations Business Combinations Income Taxes Lease Accounting Professional Judgment IFRS and MORE! 2

3 These cases can be used for courses in: Intermediate Accounting Auditing Masters level courses Best Practice: Professors and faculty have assigned cases for students to work in groups or to used as individual writing assignments to get the students to dig deeply into topics like derivatives or contingencies. For more information on the Trueblood Seminars for Professors or to obtain the password for the Trueblood Case Study Series materials, please visit the Deloitte Foundation web page at: or contact Kristy Chernick at: For more information on the Deloitte Foundation please visit: Case 11-8: Billy s Beats Using professional judgment to evaluate the reserve estimates based on management representations. 3

4 Case 12-2: To Recognize or Not to Recognize, That Is the Question Determining whether subsequent events should be recognized and/or disclosed Case 12-3: Provisions & Contingencies Determining the accounting for provisions and contingencies under IFRS and U.S. GAAP. 4

5 This presentation contains general information only and is based on the experiences and research of Deloitte practitioners. Deloitte is not, by means of this presentation, rendering business, financial, investment, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte, its affiliates, and related entities shall not be responsible for any loss sustained by any person who relies on this presentation. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries 5