Shoe Business, Inc: A Practice Set for Understanding Annul Reports-Timothy J. Louwers, William R. Pasewark

  • Title: Shoe Business, Inc: A Practice Set for Understanding Annul Reports
  • Author: Timothy J. Louwers, William R. Pasewark
  • Released: 1995-03-17
  • Language:
  • Pages: 76
  • ISBN: 0256190771
  • ISBN13: 978-0256190779
  • ASIN: 0256190771

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Shoe Business, Inc. is a delightful company with plenty of financial problems. Sales actually decreased, but net income rose over 400%! It's up to students to find out what the company is doing wrong. This humorous practice set is, however, a serious learning experience, focusing on the frequent over-emphasis of bottom-line net income by investors. Attention is given to management's use of estimates and discretionary accounting methods to influence profitability.
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