TY  - JOUR
AB  - This short but provocative case is a useful vehicle for differentiating the financial statement effects of just a few of the accounting method choices available under U.S. generally accepted accounting principles (GAAP). Designed for MBA students, the case presumes a basic understanding of the inventory cost flow methods of LIFO, FIFO, weighted average, and specific identification. Similarly, students must also have a working knowledge of the basic depreciation calculations for straight line, double-declining balance, and units-of-production. A young entrepreneur undertakes a simple modeling task to explore the differential effects of four different inventory methods in combination with three different depreciation methods. Will there be much difference across the options? He is intrigued by the fact that he has some choices of accounting methods available to him as he gets ready to prepare a set of financial statements for his first year of operation.
VL  - 
IS  - 
SN  - 2474-7890
DO  - 10.1108/case.darden.2016.000270
UR  - https://doi.org/10.1108/case.darden.2016.000270
AU  - Haskins Mark E.
PY  - 2017
Y1  - 2017/01/01
TI  - Sack It & Pack It, Inc.: 12 Combinations of GAAP and How They Differ
T2  - Darden Business Publishing Cases
PB  - University of Virginia Darden School Foundation
SP  - 1
EP  - 4
Y2  - 2024/04/25
ER  -