CASE #001IFRS 16
“It’s Just Rent,” Said the CEO.
Your mission
- Initial lease liability
- Right-of-use asset
- First-year interest and depreciation
Accounting doesn’t have to be boring
Learn accounting by solving real-world cases.
Stop memorising accounting rules. Start solving realistic business problems with numbers, journal entries and step-by-step solutions.
- IFRS
- Financial Reporting
- Excel Models
- Practical Challenges
How it works
Learn by doing.
- 01
Read the story
Every case begins with a realistic business situation.
- 02
Solve the problem
Work through the accounting questions before seeing the answer.
- 03
Check the solution
Follow the reasoning, calculations and journal entries step by step.
- 04
Use the model
Download the Excel workbook and explore the numbers yourself.
Featured cases
Cases worth solving.
CASE #002IFRS 15
The Customer Paid. Can We Recognise Revenue Yet?
Your mission
- Identify the performance obligations
- Allocate the transaction price
- Decide when revenue is recognised
CASE #003IFRS 9
The Loan That Wasn’t as Cheap as It Looked.
Your mission
- Effective interest rate
- Amortised cost schedule
- Treatment of transaction costs
CASE #004IAS 12
The Tax Expense That Came From the Future.
CASE #005IAS 36
The Factory Everyone Pretended Was Fine.
CASE #006IAS 37
“We Probably Won’t Lose the Lawsuit.”
Your mission
- Probable, possible or remote?
- Best estimate of the obligation
- Disclosure requirements
The library
Browse by standard.
Every case is filed under the standard it tests. US GAAP, Audit and Tax shelves are on the way.
SHELF A — IFRS ACCOUNTING STANDARDSCASES
- IFRS 3Business CombinationsSoon
- IFRS 9Financial Instruments1
- IFRS 15Revenue from Contracts with Customers1
- IFRS 16Leases2
- IAS 2InventoriesSoon
- IAS 12Income Taxes1
- IAS 16Property, Plant and EquipmentSoon
- IAS 21The Effects of Changes in Foreign Exchange RatesSoon
- IAS 36Impairment of Assets1
- IAS 37Provisions, Contingent Liabilities and Contingent Assets1
- INCLUDED
- Case PDF
- Solution
- Journal entries
- Excel model
Start with a free case.
Check your inbox.Confirm your email and The Coffee Shop Lease is on its way: PDF, solution and Excel model.
The cast
Meet the people behind the problems.
-
MikeCEO
“Does this affect profit?”
Wants the headline number and nothing else.
-
EmmaCFO
“Can’t we just keep it simple?”
Always looking for the shortcut.
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LeoJUNIOR ACCOUNTANT
“I booked it all as rent expense.”
Makes the mistakes you’d make too.
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SarahAUDITOR
“Where is the evidence?”
Reads every footnote. Twice.
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DanielTAX MANAGER
“What about deferred tax?”
Appears whenever things get comfortable.
Accounting makes more sense when the numbers have a story.
- 01
Realistic scenarios
Cases based on situations accountants actually face.
- 02
Complete solutions
Not just the answer. The reasoning behind it.
- 03
Journal entries
See exactly how the accounting reaches the ledger.
- 04
Excel models
Work with the numbers instead of simply reading them.
Bundles
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BUNDLE$6.50 / case
Complete Collection · 6 Cases
All six cases in English. Each includes the PDF, full solution, journal entries and Excel model.
BEST VALUE$6.90 / case
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Ten cases across standards and difficulty levels. Available when the library reaches ten cases.
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ON THE SHELF SOON
- IFRS 16 PackSoon
- IFRS 9 PackSoon
- Deferred Tax PackSoon
- Advanced Financial Reporting PackSoon
Blog
Learn before you buy.
- IFRS 16 Lease Accounting Example: Step by StepSOLVE ITCase #001 — “It’s Just Rent,” Said the CEO.
- How to Calculate a Lease Liability Under IFRS 16SOLVE ITFree case — The Coffee Shop Lease
- IFRS 9 Amortised Cost: A Practical Loan ExampleSOLVE ITCase #003 — The Loan That Wasn’t as Cheap as It Looked.
- IAS 12 Deferred Tax: Simple Practical ExampleSOLVE ITCase #004 — The Tax Expense That Came From the Future.