The case scenario emphasizes on Royal Collections, a manufacturer of Royal memorabilia and collectibles. The company markets and subcontracts manufacture of its goods the products on cable TV and through other means of addressing broad number of people.
Pupils create a basic group of financial statements based on sales creation, cost and other data. A number of accounting policy dilemmas emerge as the case unfolds, including problems of revenue recognition, provision for returns, price flow assumptions and other matters. Students develop a straightforward balance sheet, income statement and cash reconciliation. Course discussion may also address the comparatively high volume of related party transactions, and pupils may think about the character of the company as a whole and if it is a going concern.
Royal Collection Inc. case study solution
PUBLICATION DATE: September 24, 2012 PRODUCT #: W12222-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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