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 for the following day’s accounting class. Two members who are CPAs realize that the team will lack basic understanding of the material unless they intervene. The case-within-a-case structure serves to highlight common misconceptions among students new to the material on one level and, simultaneously, common accounting oversights among entrepreneurs on the other.
Darden Business Publishing – University of Virginia