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Physicians for You, LLC: Estimating Asset-Related Expenses
Haskins, Mark E. Case C-2304 / Published October 23, 2009 / 6 pages. Collection: Darden School of Business
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Product Overview

Students explore the variability in earnings due solely to the need to make estimates for several common financial statement asset-related expense items. They consider depreciable asset lives and residual values; estimated uncollectible accounts receivable; and temporary versus permanent losses on marketable equity security investments. The case can be used as an asset module capstone case either an undergraduate- or graduate-level introductory financial reporting/accounting course. Alternatively, it could be used to introduce the asset module of an accounting course. A new medical practice is about to be launched and is seeking investors. As one of the doctors puts the final touches on a pro forma income statement, he must make several estimates that are required/allowed under generally accepted accounting principles (GAAP) to finalize the projected first year earnings figure.



Learning Objectives

This case presents data for actually crafting alternative pro-forma net income figures according to various potential estimates posed in the case. The case can be used without previously covering the related topic of financial reporting because any “how to” instructional information the students need is presented within the narrative of the case.


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  • Overview

    Students explore the variability in earnings due solely to the need to make estimates for several common financial statement asset-related expense items. They consider depreciable asset lives and residual values; estimated uncollectible accounts receivable; and temporary versus permanent losses on marketable equity security investments. The case can be used as an asset module capstone case either an undergraduate- or graduate-level introductory financial reporting/accounting course. Alternatively, it could be used to introduce the asset module of an accounting course. A new medical practice is about to be launched and is seeking investors. As one of the doctors puts the final touches on a pro forma income statement, he must make several estimates that are required/allowed under generally accepted accounting principles (GAAP) to finalize the projected first year earnings figure.

  • Learning Objectives

    Learning Objectives

    This case presents data for actually crafting alternative pro-forma net income figures according to various potential estimates posed in the case. The case can be used without previously covering the related topic of financial reporting because any “how to” instructional information the students need is presented within the narrative of the case.