Accounting 302 – Fall 2014
Intermediate Accounting
Research Case Grading Sheet
Name: Stacey Gardner
Points Points
Description Possible Assigned
Organization
At least 2-3 pages in length not including bibliography
Text must be at least 2 full pages
1 Inch Margins
12 point Times New Roman Font
Double spaced
Presentation
Paper should have as a cover sheet a copy of this grading sheet with
student’s name filled in.
Note: Student must get organization and presentation correct or there will be an
automatic 20 point deduction
(20)
Format 10
Paragraphs are short
Headings and Subheadings
Appropriate endnotes and bibliography – solution must be supported by
professional pronouncements (FASB Codification and IAS pronouncement). 30
Grammar, spelling and punctuation 30
Content – correct answers 30
TOTAL SCORE: 100
SUMMARY
“Pharma Company, a pharmaceutical developer and a U.S. subsidiary of a U.K entity,
prepares its financial statements in accordance with (1) U.S. GAAP for reporting to its U.S-based
lender and (2) IFRS in reporting to its parent.” [Deloitte, 2009]. Using this perspective, Pharma
generated a restructuring plan to terminate the lease on its Plant A facility located in Bellvue,
Oklahoma and relocate it to a new facility in another geographic area [Deloitte].
Pharma’s plan includes estimated relocation costs with binding contracts to occur within
the next 18 months, a press release announcing the intention to terminate the current lease on
January 31, 2012, and a memo distributed to employees about a workforce reduction to occur in
one month at the same time as the lease termination [Deloitte].
RESTRUCTURING, U.S. GAAP
