Chapter 1, Introductory Cases Dublin Small Animal Clinic, Inc. 1 page; introductory

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First-year MBA/Executive MBA financial accounting

  1. Verona Springs Mineral Water

2 pages; introductory

Accounting cycle

Journal entries

Income statement

Balance sheet

Statement of cash flows

This case covers the accounting cycle for a start-up water bottling firm. It is similar to Dublin Small Animal Clinic, but the Excel tutorial also includes a chart of accounts and an integrated statement of cash flows that is updated as the balance sheet and income statement are updated. This case is a good follow-up to Dublin Small Animal Clinic to reinforce the concepts behind double entry bookkeeping, journal entries, the accounting cycle, and financial statements.

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