Reliance Corporation: inventory write-downs and reversals

Article Abstract:

Reliance Corporation experienced a significant downturn in 2004, causing the company to perform an inventory write-down of its memory products inventory. The case requires one to explore the issues of inventory valuation and disclosures and managerial motivations in managing earnings. A setting for evaluating subsequent financial statement reporting and for comprehending the significance of ethics in financial reporting judgments is provided by a recovery of inventory values during the first quarter of 2005.

Sales, profits & dividends, Household audio and video equipment, Other Financial Vehicles, Reporting & Disclosure, Security & commodity services, not elsewhere classified, Financial Record Keeping Services, Analysis, Consumer electronics industry, Company sales and earnings, Company earnings/profit, Financial statements, Financial records management, Report

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International financial reporting - inventory costing at Exxon and BP

Article Abstract:

The use of last in first out (LIFO) method by Exxon and the first in first out (FIFO) method by BP in inventory accounting is comparatively analyzed. The methods are analyzed to develop in students a proficiency in comparative financial analysis and compare between U.S. generally accepted accounting principles with International Financial Reporting Standards as well as to introduce useful financial disclosures inside and out of footnotes in financial statements.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Capital funds & cash flow, United Kingdom, Accounting and auditing, Petroleum industry, Comparative analysis, Study and teaching, BP PLC, Exxon Mobil Corp., Case study, XOM

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Falcon, Inc.: performance evaluation of foreign subsidiaries

Article Abstract:

The article provides a hypothetical case of Falcon, Inc., a United States company assessing the performance of its subsidiaries in Denmark and Japan. The case provides several learning objectives, including the implications of designating a responsibility center as a profit center or as a cost or revenue center.

Multinational Corporations, Evaluation, Subsidiary corporations, Subsidiaries, International business enterprises, Influence, Foreign exchange, Foreign exchange rates, Foreign operations (Business)

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