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Lynch, Luann J.

An Introduction to Cost Behavior

Lynch, Luann J.

C-2510 | Published April 14, 2025 | 11 pages Technical Note

Collection: Darden School of Business

This note provides an introduction to cost behavior, or how a cost changes in response to changes in activity. It covers variable costs, fixed costs, mixed costs, and step-fixed costs and discusses s... Read More

Relevant Costs and Benefits in Decision-Making: Application to Selected Management Decisions

Lynch, Luann J.

C-2511 | Published April 08, 2025 | 10 pages Technical Note

Collection: Darden School of Business

Drawing upon the concepts of relevant costs and benefits presented in "Relevant Costs and Benefits in Decision-Making: An Introduction" (UVA-C-2512), this note discusses how those concepts apply to ce... Read More

Relevant Costs and Benefits in Decision-Making: An Introduction

Lynch, Luann J.

C-2512 | Published April 08, 2025 | 4 pages Technical Note

Collection: Darden School of Business

This note presents an introduction to relevant costs and benefits—those costs and benefits that differ between two alternatives in decision-making. The note provides important terminology around this ... Read More

Accounting Workout: Exercises in Revenue Recognition

Lynch, Luann J. ; Benazzo, Jack

C-2494 | Published April 02, 2025 | 17 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to revenue recognition. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Property, Plant, and Equipment

Lynch, Luann J. ; Benazzo, Jack

C-2493 | Published April 02, 2025 | 25 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to property, plant, and equipment (PP&E). They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in the Basics of Financial Accounting

Lynch, Luann J. ; Neveu, Alison ; Kempe, Anika

C-2501 | Published April 02, 2025 | 10 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to the basics of financial accounting. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Cost Allocation

Lynch, Luann J. ; Neveu, Alison ; Kempe, Anika

C-2500 | Published April 02, 2025 | 8 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to cost allocation. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Cost Behavior and Breakeven Analysis

Lynch, Luann J. ; Benazzo, Jack

C-2502 | Published April 01, 2025 | 9 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to cost behavior and breakeven analysis. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Cost Behavior and Management Decisions

Lynch, Luann J. ; Benazzo, Jack

C-2503 | Published April 01, 2025 | 12 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to cost behavior and management decisions. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Cost-Volume-Profit Analysis

Lynch, Luann J.

C-2509 | Published March 28, 2025 | 8 pages Technical Note

Collection: Darden School of Business

This note discusses cost-volume-profit (CVP) analysis, an analytic took that uses the relationships among compensation of the profit equation—price, volume, cost structure, and profit—to assess the fi... Read More

An Introduction to Cost Allocation

Lynch, Luann J.

C-2506 | Published March 24, 2025 | 14 pages Technical Note

Collection: Darden School of Business

This note discusses the concept of cost allocation, focusing specifically on allocating overhead, or indirect, costs to products and services. It presents a four-step process to designing cost-allocat... Read More

A Brief Overview of Costs

Lynch, Luann J.

C-2507 | Published March 20, 2025 | 5 pages Technical Note

Collection: Darden School of Business

This note highlights the importance of costs in management decision-making, focusing specifically on the notion that costs that should be considered when making decisions depends on the decision at ha... Read More

A Brief Introduction to Managerial Accounting

Lynch, Luann J.

C-2508 | Published March 20, 2025 | 3 pages Technical Note

Collection: Darden School of Business

This note process a brief overview of managerial accounting, placing it in the context of three sets of books: managerial books, financial books, and tax books. It includes these books’ different audi... Read More

Bright Books, Inc.

Lynch, Luann J. ; Wang, Vincent

C-2498 | Published March 05, 2025 | 2 pages Case

Collection: Darden School of Business

In this fictionalized case, Steve Becker has just finished his first year running Bright Books, Inc. (Bright Books), a bookseller specializing in the education sector. He started Bright Books after se... Read More

Bright Books, Inc.: Chapter 2

Lynch, Luann J. ; Wang, Vincent

C-2499 | Published March 05, 2025 | 4 pages Case

Collection: Darden School of Business

Bright Books, Inc.—a wholesale bookseller specializing in the education sector—has just completed its second year of operations, and the company's finance director, Joan Spark, must construct a summar... Read More

Marcy’s Foods, Inc.

Lynch, Luann J. ; Wang, Vincent

C-2496 | Published February 10, 2025 | 2 pages Case

Collection: Darden School of Business

In this fictionalized case, Claire Marcy has just finished her first year running Marcy's Foods, Inc., a wholesale supplier of ingredients for the New York City restaurant industry. During the past ye... Read More

Marcy’s Foods, Inc.: A Second Serving

Lynch, Luann J. ; Wang, Vincent

C-2497 | Published February 10, 2025 | 3 pages Case

Collection: Darden School of Business

Marcy's Foods, Inc.—a wholesale supplier of ingredients for the New York City restaurant industry—has just completed its second year of operations, and founder Claire Marcy has hired local CPA Tom Hug... Read More

Accounting Workout: Exercises in Bonds

Lynch, Luann J. ; Benazzo, Jack

C-2481 | Published February 05, 2025 | 21 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to bonds. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Accounts Receivable

Lynch, Luann J. ; Benazzo, Jack

C-2482 | Published February 05, 2025 | 17 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to accounts receivable. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Intercorporate Investments

Lynch, Luann J. ; Benazzo, Jack

C-2490 | Published January 28, 2025 | 32 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to intercorporate investments. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Inventory

Lynch, Luann J. ; Benazzo, Jack

C-2491 | Published January 28, 2025 | 35 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to inventory. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Owners' Equity

Lynch, Luann J. ; Benazzo, Jack

C-2492 | Published January 28, 2025 | 10 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to owners' equity. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting Workout: Exercises in Contingent Liabilities

Lynch, Luann J. ; Benazzo, Jack

C-2489 | Published January 28, 2025 | 5 pages Exercise

Collection: Darden School of Business

These exercises ask students to solve problems related to contingent liabilities. They are targeted for use in introductory financial accounting courses at the MBA level. Read More

Accounting for Revenues

Lynch, Luann J. ; Benazzo, Jack

C-2478 | Published March 06, 2024 | 12 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for revenues. It discusses the five-step process to revenue recognition outlined in Accounting Standards Codification (ASC) 606 and applies those... Read More

Accounting for Property, Plant, and Equipment and Depreciation Expense

Lynch, Luann J. ; Benazzo, Jack

C-2477 | Published March 05, 2024 | 12 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for property, plant, and equipment and depreciation expense. It discusses determining what costs related to the asset should be capitalized and w... Read More

Accounting for Owners’ Equity

Lynch, Luann J. ; Benazzo, Jack

C-2476 | Published February 26, 2024 | 10 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for owners’ equity. It discusses the concepts of common stock and preferred stock, as well as authorized, issued, and outstanding shares. It cove... Read More

Accounting for Accounts Receivable and Bad Debt Expense

Lynch, Luann J. ; Benazzo, Jack

C-2473 | Published February 21, 2024 | 12 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for accounts receivable. Students will learn how to account for sales on account, record write-offs and recoveries of accounts receivable, and es... Read More

Accounting for Inventory and Cost of Goods Sold Expense

Lynch, Luann J. ; Benazzo, Jack

C-2474 | Published February 21, 2024 | 11 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for inventory and cost of goods sold expense. It discusses accounting for the purchase and sale of inventory, periodic and perpetual inventory sy... Read More

Accounting for Bonds

Lynch, Luann J. ; Benazzo, Jack

C-2475 | Published February 21, 2024 | 13 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for bonds. It discusses bonds priced at face value, a discount, and a premium. It discusses the differences between the coupon rate and effective... Read More

The Financial Reporting Process and Annual Report: A Brief Overview

Lynch, Luann J. ; Benazzo, Jack

C-2466 | Published January 26, 2024 | 7 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of the financial reporting process. It includes a discussion of key players in the process, financial reporting requirements, the external audit process, and t... Read More

Accounting for Intercorporate Equity Investments

Lynch, Luann J. ; Benazzo, Jack

C-2464 | Published January 18, 2024 | 21 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for investments in equity securities. It discusses passive investments and fair value accounting, investments resulting in significant influence ... Read More

Accounting for Contingent Liabilities

Lynch, Luann J. ; Benazzo, Jack

C-2467 | Published January 18, 2024 | 3 pages Technical Note

Collection: Darden School of Business

This technical note provides an overview of accounting for contingent liabilities. It outlines the decision process management uses to determine the financial statement implications of such liabilitie... Read More

Working Capital: A Summary of Ratios by Industry, 2023

Lynch, Luann J. ; Guo, Michael

C-2471 | Published December 20, 2023 | 11 pages Technical Note

Collection: Darden School of Business

This technical note graphically presents various working capital ratios (days inventory outstanding, days sales outstanding, days payables outstanding, cash conversion cycle, and operating cycle) over... Read More

What’s in a Name? Classifying Securities at Silicon Valley Bank

Lynch, Luann ; Hopkins, Justin J. ; Quintero Corral, Alejandro

C-2470 | Published December 18, 2023 | 10 pages Case

Collection: Darden School of Business

On March 17, 2023, Silicon Valley Bank Financial Group (SVBFG) declared bankruptcy. It had reported net income in 2022 of $1.6 billion, and KPMG had just signed the audit report for SVBFG on February ... Read More

The Equity Academy

Lynch, Luann J. ; Spangler, Stephanie

C-2435 | Published September 01, 2020 | 18 pages Case

Collection: Darden School of Business

A former teacher in Washington, DC, in her final year of graduate school pursuing an MBA is tasked with preparing a five-year financial forecast to support an application for a potential charter schoo... Read More

PerkinElmer Acquires EUROIMMUN

Lynch, Luann J. ; Sless, Lauren

C-2441 | Published June 16, 2020 | 19 pages Case

Collection: Darden School of Business

On June 16, 2017, PerkinElmer, Inc., announced that it would acquire EUROIMMUN Medizinische Labordiagnostika AG (EUROIMMUN), thus making EUROIMMUN an official subsidiary of PerkinElmer. Students are e... Read More

Boulevard Sandwiches, Inc. (B)

Brownlee, E. Richard II ; Lynch, Luann J.

C-2434 | Published January 14, 2020 | 5 pages Case

Collection: Darden School of Business

Alan Philips has just completed his first year as manager of Boulevard Sandwiches, Inc., Unit No. 2. Actual profit for the year was well below budgeted profit. Philips is preparing for a meeting with ... Read More

Boulevard Sandwiches, Inc. (A)

Brownlee, E. Richard II ; Lynch, Luann J.

C-2433 | Published January 14, 2020 | 5 pages Case

Collection: Darden School of Business

Carla Thomas, the owner of Boulevard Sandwiches, is preparing to meet with Alan Philips, the new manager of Boulevard Sandwiches, Inc., Unit No. 2, in mid-December 2017. The primary purpose of this me... Read More

Executive Incentive Pay Disclosures at Etsy, Inc.

Haskins, Mark E. ; Lynch, Luann J.

C-2430 | Published December 06, 2019 | 22 pages Case

Collection: Darden School of Business

The financially savvy (fictional) protagonist in this case is an independent artist, intrigued with the possibility of becoming a seller on the Etsy, Inc., marketplace. As such, she is seeking to lear... Read More

Revenue Recognition (Topic 606) at Salesforce.com, Inc.

Haskins, Mark E. ; Lynch, Luann J.

C-2428 | Published September 20, 2019 | 25 pages Case

Collection: Darden School of Business

This case uses an array of carefully selected and excerpted revenue recognition related information contained in Salesforce.com’s January 31, 2019, 10-K. Maria, the fictional protagonist, is seeking t... Read More

Potential Volatility Comes to Earnings: A Look at Berkshire Hathaway’s Equity Investments

Lynch, Luann J. ; Haskins, Mark E.

C-2426 | Published June 19, 2019 | 22 pages Case

Collection: Darden School of Business

Based in Omaha, Nebraska, Berkshire Hathaway Inc. is a holding company that invests in many diverse businesses. The most significant of those are property and casualty insurance businesses, although t... Read More

Shareholders’ Equity at PepsiCo

Lynch, Luann J. ; Haskins, Mark E.

C-2425 | Published May 28, 2019 | 16 pages Case

Collection: Darden School of Business

This case provides instructors with an opportunity to discuss some of the fundamental aspects of a typical public company’s shareholders’ equity financial reporting and financial disclosures. As such,... Read More

Caterpillar Inc. Taps the Chinese Bond Market

Lynch, Luann J. ; Haskins, Mark E.

C-2418 | Published May 09, 2019 | 12 pages Case

Collection: Darden School of Business

An MBA graduate prepares for a possible interview with Caterpillar Inc. by reading about the company's longtime presence in China manufacturing heavy equipment and its continued optimism about the hea... Read More

Daimler Taps the Chinese Panda Bond Market

Lynch, Luann J. ; Haskins, Mark E.

C-2417 | Published May 09, 2019 | 14 pages Case

Collection: Darden School of Business

Preparing for a potential interview, an MBA graduate reads extensively about Daimler AG. She learns about company’s longtime presence in China manufacturing luxury automobiles and its continued invest... Read More

United Technologies Corporation Buys Rockwell Collins, Inc.

Lynch, Luann J.

C-2415 | Published October 26, 2018 | 13 pages Case

Collection: Darden School of Business

A senior industry analyst focused on aviation and aerospace at an investment advisory firm in Northern Virginia, pondered the potential implications of the acquisition by United Technologies Corporati... Read More

Equity Investments at Berkshire Hathaway

Haskins, Mark E. ; Lynch, Luann J.

C-2416 | Published October 02, 2018 | 16 pages Case

Collection: Darden School of Business

As Berkshire Hathaway had reported in its 2018, first quarter, 10-Q, it was "engage[d] in a number of diverse business activities." Maria knew that Berkshire Hathaway bought the stock of numerous othe... Read More

A New Era in Revenue Recognition: General Dynamics and Ford

Haskins, Mark E. ; Lynch, Luann J.

C-2414 | Published September 05, 2018 | 33 pages Case

Collection: Darden School of Business

What had started out as an easy perusal of two recently issued 2017 corporate annual reports had morphed into a task of sleuthing when the reader had come across what some experts referred to as "the ... Read More

Equity Compensation and the US Tax Consequences

Frank, Mary Margaret ; Lynch, Luann J.

C-2385 | Published August 17, 2018 | 13 pages Technical Note

Collection: Darden School of Business

This technical note explores the many different forms of equity compensation. Equity compensation, defined as compensation that provides for the delivery of equity securities, aligns employees’ incent... Read More

Facebook, Inc.: A Look at Corporate Governance

Lynch, Luann J. ; Hopkins, Justin J.

C-2411 | Published June 18, 2018 | 22 pages Case

Collection: Darden School of Business

This case examines Facebook's corporate governance by reviewing information in the company's proxy statement. Students become familiar with the nature and type of information in proxy statements. They... Read More

Amazon.com, Inc. Buys Whole Foods Market

Lynch, Luann J. ; Haskins, Mark E.

C-2409 | Published March 19, 2018 | 13 pages Case

Collection: Darden School of Business

After Amazon.com announced it would acquire Whole Foods, shares of supermarkets in the United States were hit hard; the same was true for grocers in Europe, as investors there worried about the possib... Read More

A Note on Responsibility Centers

Lynch, Luann J.

C-2400 | Published December 13, 2017 | 2 pages Technical Note

Collection: Darden School of Business

Organizational design is one of the basic building blocks of control, because it reflects the division of resources and the assignment of responsibility throughout the firm. In particular, each organi... Read More

A Note on Budgeting and Strategic Profitability Analysis

Lynch, Luann J.

C-2405 | Published December 12, 2017 | 16 pages Technical Note

Collection: Darden School of Business

A budget is a tool that allows an organization to put its strategy into financial terms. It can be described as the financial plan for the organization. The organization as a whole will prepare a prof... Read More

A Note on Performance Measurement

Lynch, Luann J.

C-2399 | Published December 08, 2017 | 6 pages Technical Note

Collection: Darden School of Business

Performance measurement is at the heart of management. How a manager's performance is measured strongly influences that manager's decisions and how that manager spends his or her time. If you tell the... Read More

JW Sports Supplies (C)

Lynch, Luann J.

C-2404 | Published November 28, 2017 | 2 pages Case

Collection: Darden School of Business

In this case, the owners of JW Sports Supplies consider the possibility of dropping the custom gym bag product line. Students must consider which costs are avoidable and which are not avoidable if the... Read More

JW Sports Supplies (A)

Lynch, Luann J.

C-2402 | Published November 28, 2017 | 3 pages Case

Collection: Darden School of Business

James Jones and William West started a company to make what they considered the ideal gym bag, one that would incorporate the features they both desired and that would be of a sufficient quality to wi... Read More

JW Sports Supplies (B)

Lynch, Luann J.

C-2403 | Published November 28, 2017 | 5 pages Case

Collection: Darden School of Business

In this case, James Jones and William West's company, JW Sports Supplies, has begun to offer a second product line—a customized gym bag. The owners consider the topic of overhead allocation in determi... Read More

MGM Resorts International: Accounts Receivable

Lynch, Luann J.

C-2401 | Published September 14, 2017 | 14 pages Case

Collection: Darden School of Business

An analyst's manager at a local investment firm had been reading through a recent report regarding MGM Resorts International when he noticed a drop in the company’s bad debt expense estimate for 2016.... Read More

Hamilton’s Electronics Services, Inc.: The Second Year

Lynch, Luann J. ; Frank, Mary Margaret

C-2396 | Published June 30, 2017 | 3 pages Case

Collection: Darden School of Business

The owner of Hamilton's has provided his CPA with all the company's invoices, bank statements, and a lot of other miscellaneous business-related information for the company's second year. He has asked... Read More

The Wells Fargo Commercial Banking Scandal

Lynch, Luann J. ; Cutro, Cameron

C-2394 | Published April 25, 2017 | 12 pages Case

Collection: Darden School of Business

On October 25, 2016, Timothy J. Sloan, the new CEO of Wells Fargo bank, apologized to 1,200 of his employees in Charlotte, North Carolina. Sloan had been named to the company's top position two weeks ... Read More

Working Capital: A Summary of Ratios by Industry, 2016

Lynch, Luann J. ; Guo, Michael

C-2388 | Published November 18, 2016 | 10 pages Technical Note

Collection: Darden School of Business

This technical note presents various working capital ratios from 2012 through 2015 by industry and for some well-known companies. Read More

Hamilton’s Electronics Services, Inc.

Lynch, Luann J. ; Brownlee, E. Richard II

C-2380 | Published September 19, 2016 | 2 pages Case

Collection: Darden School of Business

David Hamilton has opened Hamilton's Electronics Services, Inc. During the first year, he was too busy to keep much in the way of accounting records. Early in January of the following year, he hired a... Read More

The Volkswagen Emissions Scandal

Lynch, Luann J. ; Cutro, Cameron ; Bird, Elizabeth

S-0267 | Published July 21, 2016 | 17 pages Case

Collection: Darden School of Business

In September 2015, VW had admitted to United States regulators that it had deliberately installed "defeat devices" in many of its diesel cars, which enabled the cars to cheat on federal and state emis... Read More

The Garden Spot: Year Two

Lynch, Luann J.

C-2379 | Published July 05, 2016 | 3 pages Case

Collection: Darden School of Business

The owner and manager of a small garden shop needs to prepare the financial statements for the shop's second year of operation. These financial statements will assess the financial performance of her ... Read More

The Garden Spot: Year One

Lynch, Luann J.

C-2378 | Published July 05, 2016 | 2 pages Case

Collection: Darden School of Business

The owner and manager of a small garden shop that opened on January 1 needs to analyze and record transactions, prepare financial statements, and assess the company's performance during its first year... Read More

Doc's Barbershop

Lynch, Luann J. ; Simko, Paul J.

C-2376 | Published June 15, 2016 | 4 pages Case

Collection: Darden School of Business

Stoker has a decision to make: he has been offered a job in a successful barbershop that has retained its old-fashioned atmosphere, or with a small loan, he could open his own shop. Students are asked... Read More

A Simple Exercise in Accrual Accounting to Illustrate the Timing of Revenue and Expense Recognition

Lynch, Luann J.

C-2372 | Published March 24, 2016 | 2 pages Exercise

Collection: Darden School of Business

In this exercise students work for an organization that offers various events to its members and have spent the months of October and November organizing a conference to be held the following February... Read More

Johansen's: The New Scorecard System

Lynch, Luann J. ; Forman, Jennifer ; Gillam, Graham

C-2371 | Published March 17, 2016 | 15 pages Case

Collection: Darden School of Business

Johansen's has just completed its first year under a new scorecard system for evaluation of manager performance. The manager of Store 51 has traditionally been one of the company's top-performing mana... Read More

Kesmore Corporation

Lynch, Luann J. ; Frank, Mary Margaret

C-2362 | Published June 18, 2015 | 1 pages Exercise

Collection: Darden School of Business

Students are given Kesmore Corporation's balance sheet as of December 31, 2014, and December 31, 2013, as well as information pertaining to its 2014 activities and asked to prepare a statement of cash... Read More

J&J, Inc.

Lynch, Luann J. ; Frank, Mary Margaret

C-2361 | Published June 18, 2015 | 2 pages Exercise

Collection: Darden School of Business

Jack and Jill, first-year MBA students at the Darden School of Business, discovered their mutual interest in entrepreneurship and agreed to consider developing a small start-up during the summer after... Read More

The Summer Program at Portsmouth Abbey

Lynch, Luann J. ; Seeley, Jeremy

C-2358 | Published June 08, 2015 | 8 pages Case

Collection: Darden School of Business

In February 2014, Tim Seeley reflected on his recent conversation with the headmaster of Portsmouth Abbey School. Seeley had been running the school's summer program since 2012. The summer program had... Read More

The Real Green IT Machine (B): Sensitivity Analysis of a Proposed Capital Investment

Lynch, Luann J. ; Allen, Brandt R.

C-2351 | Published August 05, 2014 | 4 pages Case

Collection: Darden School of Business

This case is a follow-up to UVA-C-2295. The analysis of the proposed new data center suggested that the project’s net present value was negative—not by much, but by enough to be of concern. Scheduled ... Read More

Johansen's New Scorecard System: The Summit

Lynch, Luann J. ; Forman, Jennifer ; Gillam, Graham

C-2349 | Published May 27, 2014 | 12 pages Case

Collection: Darden School of Business

Johansen's, a large high-end department store, has just completed its first year under a new scorecard system for evaluation of manager performance. The manager of Store 51 has traditionally been one... Read More

Working Capital: A Summary of Ratios by Industry

Lynch, Luann J. ; Gillam, Graham ; Forman, Jennifer

C-2348 | Published May 19, 2014 | 7 pages Case

Collection: Darden School of Business

The case graphically presents various working capital ratios (days inventory outstanding, days sales outstanding, days payables outstanding, cash conversion cycle, and operating cycle) over the 2009-t... Read More

The Accounting Case @ Learning Team 50

Lynch, Luann J. ; Sim, Siew Han

C-2344 | Published June 12, 2013 | 6 pages Case

Collection: Darden School of Business

This case works well following an introductory class on transaction analysis and preparation of basic financial statements. A learning team of Darden MBA students meets to discuss the case assigned fo... Read More

ConAgra Foods, Inc.—Stockholders' Equity

Lynch, Luann J. ; Young, Julie

C-2342 | Published May 15, 2013 | 3 pages Exercise

Collection: Darden School of Business

This exercise asks students to use consolidated balance sheets and statements of stockholders' equity for ConAgra Foods, Inc., to help them answer three questions pertaining to the issuance of stock s... Read More

General Electric Company: Inventory

Lynch, Luann J.

C-2336 | Published October 03, 2012 Exercise

Collection: Darden School of Business

This exercise presents the inventory footnote from General Electric Company's 2011 annual report. Students are asked to make inferences about inventory values on the balance sheet and to use the LIFO ... Read More

American International Group, Inc.—The Financial Crisis

Lynch, Luann J. ; Hawkins, John

C-2322 | Published June 07, 2011 | 19 pages Case

Collection: Darden School of Business

The case details the history of AIG, its organizational structure, and involvement in the market for credit default swaps and the financial crisis. Edward Liddy has been appointed by Treasury Secretar... Read More

Breeden Security, Inc. (B)

Lynch, Luann J.

C-2308 | Published October 27, 2009 | 12 pages Case

Collection: Darden School of Business

Marlene Baer, the controller of Breeden Security USA, recognizes that grouping all manufacturing overhead costs together and allocating them to Breeden's two products is not very accurate. She groups ... Read More

Breeden Security, Inc. (A)

Allen, Brandt R. ; Rotch, William ; Lynch, Luann J.

C-2307 | Published October 27, 2009 | 3 pages Case

Collection: Darden School of Business

Breeden Electronics USA is a start-up division of a German company. It plans to produce two products, both electronic signaling devices. Herman Klein, the division president, has asked his controller,... Read More

FinePrint Company (Abridged)

Lynch, Luann J.

C-2298 | Published September 20, 2009 | 3 pages Case

Collection: Darden School of Business

John Johnson, owner of FinePrint Company, is presented with two opportunities to consider: (1) whether to accept a one-time special printing order, and (2) whether to outsource some of his printing to... Read More

The Real Green IT Machine (A)

Allen, Brandt R. ; Lynch, Luann J.

C-2295 | Published March 20, 2009 | 5 pages Case

Collection: Darden School of Business

A large bank is attempting to cost justify a proposed, large (60,000-square-foot) data center based upon energy savings achieved principally through the green technology of water cooling and energy re... Read More

Johnson Beverage, Inc.

Lynch, Luann J.

C-2292 | Published March 02, 2009 Case

Collection: Darden School of Business

Jack Johnson, owner of Johnson Beverage, has just received notice that one of his largest and most loyal customers may want to negotiate a lower price for its product purchases. Information compiled b... Read More

Berkshire Hathaway Inc.?Intercorporate Investments (B)

Lynch, Luann J. ; Burke, Josh

C-2276 | Published December 31, 2008 | 2 pages Case

Collection: Darden School of Business

This case can be used as a supplement to "Berkshire Hathaway Inc.?Intercorporate Investments (A)" (UVA-C-2240). Students are presented with hypothetical data related to one of Berkshire Hathaway's inv... Read More

Stockholders' Equity Exercises

Lynch, Luann J.

C-2281 | Published February 29, 2008 | 3 pages Exercise

Collection: Darden School of Business

Three exercises related to stockholders' equity are presented. Students are asked to record transactions and then consider their effect on the financial statements. The exercises include the issuance ... Read More

Accounting for Marketable Securities

Haskins, Mark E. ; Lynch, Luann J.

C-2280 | Published February 27, 2008 | 10 pages Technical Note

Collection: Darden School of Business

This note provides an overview of intercorporate investments, including passive investments (marketable securities), investments that result in significant influence, and investments that result in co... Read More

North Mountain Nursery, Inc.: Statement of Cash Flow

Lynch, Luann J.

C-2259 | Published June 12, 2007 | 3 pages Case

Collection: Darden School of Business

After interviewing for the position of chief financial officer at a small business, North Mountain Nursery, John Powers decides to look at its financial statements for 2006. Discovering that there is ... Read More

An Exercise in Accounting for Marketable Securities

Lynch, Luann J.

C-2277 | Published January 25, 2007 | 2 pages Case

Collection: Darden School of Business

This exercise illustrates the accounting for passive equity investments in other companies (marketable equity securities). It focuses specifically on equity securities classified as either trading sec... Read More

Alphadale Community Bank, Inc.

Lynch, Luann J.

C-2275 | Published January 07, 2007 | 3 pages Case

Collection: Darden School of Business

Alphadale Community Bank, Inc., began operating as a one-branch bank on January 1, 2006. It was dedicated to serving those in the small community of Alphadale who just wanted basic banking services wi... Read More

Berkshire Hathaway Inc.?Intercorporate Investments (A)

Lynch, Luann J. ; Burke, Josh

C-2240 | Published June 11, 2006 | 15 pages Case

Collection: Darden School of Business

Students are presented with the balance sheet, income statement, and selected footnotes from Berkshire Hathaway's 2004 annual report and are asked to respond to several questions regarding information... Read More

MGM Mirage—Accounts Receivable

Lynch, Luann J.

C-2243 | Published June 06, 2006 | 6 pages Case

Collection: Darden School of Business

Students are presented with the balance sheet, income statement, accounts-receivable footnote, excerpts from the footnote on significant accounting policies, and excerpts from Management's Discussion ... Read More

Walt Disney—Revenue Recognition

Lynch, Luann J.

C-2244 | Published June 06, 2006 | 2 pages Case

Collection: Darden School of Business

Students are presented with excerpts from the significant-accounting-policies footnote in Walt Disney's 2003 Annual Report, and are asked to respond to several questions regarding information in the f... Read More

AMR Corporation—Leases

Lynch, Luann J.

C-2238 | Published June 06, 2006 | 5 pages Case

Collection: Darden School of Business

Students are presented with the balance sheet and the lease footnote from AMR Corporation's 2004 Annual Report and they are asked to respond to several questions regarding information in the materials... Read More

Ann Taylor Stores Corporation?Deferred Taxes

Lynch, Luann J.

C-2239 | Published June 06, 2006 | 2 pages Case

Collection: Darden School of Business

Students are presented with the income-taxes footnote from Ann Taylor Stores Corporation's 2004 Annual Report and are asked to respond to several questions regarding information in the footnote. Quest... Read More

The Conceptual Framework Underlying the Preparation of the Statement of Cash Flow

Simko, Paul J. ; Lynch, Luann J.

C-2250 | Published April 04, 2006 | 19 pages Technical Note

Collection: Darden School of Business

The objective of the statement of cash flow is to facilitate an understanding of the financial consequences of business activities by providing detail pertaining to the sources and uses of a company's... Read More

Monroe Clock Company (A)

Lynch, Luann J.

C-2228 | Published October 13, 2005 | 5 pages Case

Collection: Darden School of Business

Monroe Clock Company, a producer of electrical timers, is trying to decide how to price a new device by considering variable versus fixed costs, the relevance of certain costs, and information regardi... Read More

Monroe Clock Company (B)

Lynch, Luann J.

C-2229 | Published October 13, 2005 | 4 pages Case

Collection: Darden School of Business

Monroe Clock Company, a producer of electrical timers, is trying to decide how to price a new device by considering the method of overhead allocation and its impact on the cost of the household timer.... Read More

Bellaire Clinical Labs, Inc. (A)

Brownlee, E. Richard II ; Lynch, Luann J. ; Lilly, Kristy

C-2178 | Published July 23, 2004 | 6 pages Case

Collection: Darden School of Business

This case exposes students to the process of creating an operating plan. In addition, it introduces the concept of flexible expense budgeting. It may be used as a stand-alone case on budgeting, or it ... Read More

Breeden Electronics (A)

Lynch, Luann J.

C-2199 | Published May 03, 2004 | 3 pages Case

Collection: Darden School of Business

Breeden Electronics USA is a start-up division of a German company. It plans to produce two products, both electronic signaling devices. Herman Klein, the division president, has asked his controller,... Read More

Breeden Electronics (B)

Lynch, Luann J.

C-2200 | Published May 03, 2004 | 6 pages Case

Collection: Darden School of Business

This case builds on the A case (UVA-C-2199). Marlene Baer, the controller of Breeden Electronics, recognizes that grouping all manufacturing overhead costs together and allocating them to Breeden's tw... Read More

Breeden Electronics (C)

Lynch, Luann J.

C-2201 | Published May 03, 2004 | 6 pages Case

Collection: Darden School of Business

In 2000, Breeden Electronics USA sold fewer RC1 units and more RC2 units than they had expected. Sales of RC2 units were to 18 mail-order companies that required special attention (more than required ... Read More

FinePrint Company (A)

Lynch, Luann J.

C-2193 | Published March 22, 2004 | 3 pages Case

Collection: Darden School of Business

John Johnson, the owner of the FinePrint Company, is presented with several opportunities to consider: (1) whether to accept a one-time special printing order (the A case), (2) whether to outsource so... Read More

FinePrint Company (B)

Lynch, Luann J.

C-2194 | Published March 22, 2004 | 3 pages Case

Collection: Darden School of Business

John Johnson, the owner of the FinePrint Company, is presented with several opportunities to consider: (1) whether to accept a one-time special printing order (the A case, UVA-C-2193), (2) whether to ... Read More

FinePrint Company (C)

Lynch, Luann J.

C-2195 | Published March 22, 2004 | 1 pages Case

Collection: Darden School of Business

John Johnson, the owner of the FinePrint Company, is presented with several opportunities to consider: (1) whether to accept a one-time special printing order (the A case, UVA-C-2193), (2) whether to ... Read More

Bellaire Clinical Labs, Inc. (B)

Brownlee, E. Richard II ; Lynch, Luann J. ; Lilly, Kristy

C-2179 | Published March 08, 2004 | 4 pages Case

Collection: Darden School of Business

This case goes well with "Bellaire Clinical Labs, Inc. (A)" (UVA-C-2178) in a module on budgeting and strategic profitability analysis or flexible expense budgeting. Read More

Maverick Lodging

Lynch, Luann J. ; Whitney, Karen

C-2160 | Published April 11, 2002 | 17 pages Case

Collection: Darden School of Business

In this case, a hotel-management company assesses the initial effectiveness of its recently implemented balanced scorecard system. The case gives students exposure to (1) determining an appropriate ma... Read More

Accounting for Stock Options

Brownlee, E. Richard II ; Lynch, Luann J. ; Maddux, Robert

C-2155 | Published August 07, 2001 | 24 pages Technical Note

Collection: Darden School of Business

Technical note discusses accounting for stock options. It includes a discussion of the business considerations in issuing stock options, the evolution of accounting for stock options, accounting for s... Read More

Employee Stock Options at Microsoft Corporation

Lynch, Luann J. ; Blair, Robert

C-2154 | Published July 10, 2001 | 17 pages Case

Collection: Darden School of Business

This case requires students to prepare an analysis of Microsoft Corporation's financial statements and footnotes to understand the impact of its use of stock options. In addition to a general analysis... Read More

Xyberspace Consulting, Inc.

Lynch, Luann J. ; Galinsky, Robert

C-2152 | Published November 15, 2000 | 10 pages Case

Collection: Darden School of Business

Xyberspace Consulting, Inc. is reconsidering the allocation of the costs associated with its Training and Educational Services Group (TESG), a shared-services or support department to its user departm... Read More

Bellaire Clinical Labs, Inc.

Lynch, Luann J.

C-2145 | Published October 02, 2000 | 5 pages Case

Collection: Darden School of Business

This case is designed for an introductory MBA management accounting course or an MBA course in management planning and control systems. It provides exposure to (1) the basic assumptions in the creatio... Read More

The Garden Place

Brownlee, E. Richard II ; Smith, C. Ray ; Lynch, Luann J.

C-2150 | Published April 12, 2000 | 3 pages Case

Collection: Darden School of Business

Revised version of UVA-C-0736. This case uses projected transactions for the first day and first year of a start-up business as a basis for preparing journal entries, T-accounts, and projected financ... Read More

Amoco Corporation

Chaplinsky, Susan ; Lynch, Luann J. ; Doherty, Paul

F-1262 | Published March 21, 2000 | 26 pages Case

Collection: Darden School of Business

This case is one of a pair of cases used in a merger negotiation. It is designed to be used with "British Petroleum, Ltd." (UVA-F-1263). One-half of the class prepares only the British Petroleum (BP) ... Read More

British Petroleum, Ltd.

Chaplinsky, Susan ; Lynch, Luann J. ; Doherty, Paul

F-1263 | Published March 21, 2000 | 26 pages Case

Collection: Darden School of Business

This case is one of a pair of cases used in a merger negotiation. It is designed to be used with "Amoco Corporation" (UVA-F-1262). One-half of the class prepares only the Amoco case, and one-half uses... Read More

Mountain Lumber Company

Lynch, Luann J.

C-2147 | Published January 28, 1999 | 19 pages Case

Collection: Darden School of Business

In 1998, Mountain Lumber Company implemented a performance measurement and incentive plan for all company employees. Details of the plan by department for both managers and non-manager employees are p... Read More

Bay Industries

Rotch, William ; Lynch, Luann J.

C-2059 | Published March 12, 1991 | 9 pages Case

Collection: Darden School of Business

Jim Quick, president of Bay Industries, is considering how much bonus he should pay to each of his three division managers. One part of their bonus is already determined by formula, and he has to deci... Read More

The Garden Place—One Year Later

Brownlee, E. Richard II ; Haskins, Mark E. ; Smith, C. Ray ; Lynch, Luann J.

C-2068 | Published March 12, 1990 | 8 pages Case

Collection: Darden School of Business

This case presents a series of financial events for students to record and to use in preparing financial statements. Read More