tudents will complete the case “Car Toons Audio Inc.” found on page 121 of the following textbook:
Lento, C., & Ryan, J. (2019). Financial Accounting Cases (3rd Canadian ed.). Toronto, Canada: John Wiley & Sons Canada, Limited.
Professional accountants continue to be recognized for their strong technical knowledge. A strong technical background is still a foundational trait for professional accountants in protecting the public interest. Professional accounting bodies across the globe are recognizing the increased importance of higher-order cognitive skills such as critical thinking, problem solving, and analytical ability. Case analysis is an important tool for developing these higher-order skills for financial reporting.
Please read “The Case Framework Approach” found on page 6 of your case textbook, as well as the rubric below, to understand the steps for solving this case.
Once the case is solved, submit your solution within the respective unit dropbox.