Hollybush Academy: A Case Study In Selected Not-For-Profit Accounting Issues

Abstract

The purpose of this case is to help students explore accounting issues often confronted by auditors of not-for-profit organizations. Given certain facts, the goal of the case is to require students to analyze the footnotes prepared by the auditors and discuss the presentation, classification and valuation of items not reflected on the financial statements prepared by the client. The case is intended for students who are taking an advanced accounting or not-for-profit accounting course.