Global Fabricators, Inc

8 Pages Posted: 5 Apr 2010

See all articles by Richard Brownlee

Richard Brownlee

University of Virginia - Darden School of Business

Brandt R. Allen

University of Virginia - Darden School of Business

Abstract

Ideal for MBA students, this case presents an exercise that tests students' knowledge of financial accounting and reporting and how the tax system affects financial reporting. Students are asked to complete an exercise that focuses on the income tax footnote. This footnote provides information that can be used to assess a seller’s tax liability or an acquirer’s tax costs associated with an M&A transaction. As part of the exercise, students are asked to derive the income tax basis and to complete a table of deferred tax assets and liabilities as reported in the income tax footnote.

Keywords: accounting methods, financial reporting and disclosure

JEL Classification: M41, A23

Suggested Citation

Brownlee, Richard and Allen, Brandt R., Global Fabricators, Inc. Darden Case No. UVA-C-2296, Available at SSRN: https://ssrn.com/abstract=1583293

Richard Brownlee (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4800 (Phone)

HOME PAGE: http://www.darden.edu/faculty/Brownlee.htm

Brandt R. Allen

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924 -4842 (Phone)

HOME PAGE: http://www.darden.virginia.edu/faculty/allen.htm

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