Brittney’s Boutique: Tailoring financial statements for function as well as fashion

Abstract

This note slightly modifies and adapts a managerial accounting case, Brittney’s Boutique: Tailoring a budget for function as well as fashion (Stuebs, M., Bryant, S., Edison, C., & Reese, K. (2017). Brittney’s boutique: Tailoring a budget for function as well as fashion. Journal of Accounting Education, 39, 32–47. https://doi.org/10.1016/j.jaccedu.2016.12.006), for use in an introductory financial accounting or hybrid accounting course that combines financial and managerial accounting topics. The adapted case provides you the opportunity to extend and apply financial accounting knowledge to the practical, real-world setting of Brittney’s Boutique, a student’s entrepreneurial start-up effort in the retail fashion merchandising business. The case is intended to challenge you to: 1) use financial accounting knowledge to prepare journal entries, general ledger posts, financial statements and financial ratios; 2) recognize and understand the needs and challenges in starting a business; 3) apply Excel knowledge, skills and abilities; and 4) analyze and combine financial accounting information to make judgments, conclusions and recommendations.