Academic journal article Journal of the International Academy for Case Studies

Real Estate Investor's Advantage, Inc

Academic journal article Journal of the International Academy for Case Studies

Real Estate Investor's Advantage, Inc

Article excerpt

CASE DESCRIPTIONS

This case study is designed for undergraduate or graduate management accounting courses where the emphasis is on the application of previously learned accounting concepts and principles. The "alternate study questions" can be used in beginning accounting and entrepreneurs hip finance courses or the section(s) of such a course that focuses on the financial operational aspects of the business start-up. The alternate study questions do not require the detailed accounting background or level of prior knowledge of accounting necessary in the main study questions.

CASE SYNOPSIS

REIA, Inc. had just received seed capital financing of $500,000 and has commenced operations. Anthony Washington, the new CFO, needed to develop financial projections and a financial reporting and controls system that is flexible enough to provide the necessary information about the finances of the start-up company without overburdening it with bureaucratic procedures while also participating in the setting the strategic direction of REIA. REIA's existing accounting system was handled by a part-time administrative assistant. …

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