A financial statement analysis project can be assigned as a capstone event at the end of a Managerial Accounting business core course. Many Intro Managerial texts conclude with a financial statement analysis chapter. However, one wonders how many instructors utilize that chapter either because of a perceived lack of relevance or because such material got previously covered in the Intro Financial Accounting course. Therefore, Michael J. Krause decided to revisit Financial Accounting. Using common-size and ratio analysis, he created a final exam assignment that would hopefully link Managerial Accounting to lessons typically associated with Financial Accounting.
Contributor: Michael J. Krause, CPA, MS, University of Indianapolis
Read Flipping Your Final Exam.