East West Company (Accounting Standards) (Case Study‪)‬

CASE DESCRIPTION The names in this case have been changed and some facts simplified to facilitate classroom analysis and discussion. There may be no correct answers to the issues presented in the case. The case is intended to stimulate classroom discussion, and is not intended to criticize or question the accounting treatment selected by the company or its auditors. The issues involved should help students develop professional judgment in the selection of accounting principles, and emphasize the purposes of financial reporting.