A&E Shirts, LLC: Assessing First Month Financial Performance

by: Greg Miller, Hal White

Publication Date: June 27, 2011
Length: 3 pages
Product ID#: 1-429-182

Core Disciplines: Accounting/Finance

Partner Collection:

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Teaching Note

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Offering solid practice for students of accounting, this exercise presents A&E Shirts LLC, a budding retail company that is balancing its books for its first month of business operations. The exercise is designed to introduce students to basic accounting principles as well as different accounting documents including: balance sheets, income statements, and statements of retained earnings.

Teaching Objectives

After reading and discussing the material, students should:

  • Describe appropriate business terms and principles appropriate to this exercise
  • Apply critical concepts from earlier learning to define a solution to the case
  • Successfully articulate data and information in support of the solution proposed
  • Critically analyze and discuss other responses and solutions to the case
  • Draw lessons from the case analysis
  • Apply the lessons of this case to other business challenges and decisions in organizations other than the one analyzed in this case study
  • Demonstrate leadership and scholarship in analysis.