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The Trueblood Case Studies

Uncovering complex accounting and auditing issues

Trueblood cases are available to everyone as PDFs. The solutions are password protected for faculty use only. There are more than 30 topics offered. Cases are reviewed annually and are updated to reflect changes in accounting literature or the evolution of practice. Ten new cases are added to the site annually in August.

Overview

For more than 50 years, the Trueblood Seminars have served the profession by teaching new developments in auditing and accounting to select accounting educators and thought leaders from around the country. Named after Robert M. Trueblood, the Trueblood Seminars offer educators the opportunity to learn from and network with Deloitte professionals who share their experiences and institutional knowledge which professors can take back to the classroom to better prepare students for their future careers.

The Trueblood case studies prepared by Deloitte professionals are based on recent technical issues that often require significant research and judgment. The case topics highlight the “gray” areas of accounting and help prepare students for the types of questions likely to arise in professional practice. These seminars help professors enrich the accounting curriculum to reflect the necessary skills of the auditor of the future.

The Deloitte Foundation also offers case studies covering fraud related topics. Learn more about the Deloitte Foundation Forensic Accounting Case Studies

Access Trueblood case solutions

To obtain access to the case solutions, please e-mail us or mail a request on your school letterhead to:

695 East Main Street
P.O. Box 10098
Stamford, CT 06901-2150 

The nonexclusive right to reproduce material contained in these cases without explicit written permission is hereby granted to faculty in connection with classroom use, academic research, and other educational endeavors of a not-for-profit nature.  

2020

Case: 20-1 Rose Marketing
Download: Case | Solution | Summary
Type: Distinguishing liabilities from equity
Subject: This case gives students an opportunity to apply guidance in ASC 480 on distinguishing liabilities from equity.
Applicable courses: Intermediate Financial Accounting, Intermediate Accounting, Graduate Financial Accounting (and even auditing in terms of an audit assertion on a financial statement treatment)

Case: 20-2 Snack That
Download: Case | Solution | Summary
Type: Revenue/Leases
Subject: Evaluate whether a transfer of an asset by a seller-lessee to a buyer-lessor is a sale under ASC 842-40 with regard to sale-and-leaseback transactions.
Applicable courses: Intermediate Financial Accounting, Intermediate Accounting, Graduate Financial Accounting (and even auditing in terms of an audit judgement)

Case: 20-3 Hi-Tech Commerce Co
Download: Case | Solution | Summary
Type: Principal vs. Agent
Subject: Evaluation of the criteria under ASC 606 to determine whether an entity is acting as a principal or an agent.
Applicable courses: Graduate Financial Accounting; Graduate

Case: 20-4 Customized Software
Download: Case | Solution | Summary
Type: Revenue
Subject: Application of the guidance in ASC 606-10 on identifying performance obligations.
Applicable courses: Intermediate Financial Accounting, Intermediate Accounting, Graduate Financial Accounting (and even auditing in terms of an audit assertion on a financial statement treatment)

Case: 20-5 Moving On
Download: Case | Solution | Summary
Type: Leases
Subject: Determine whether a leased asset is abandoned and to identify the related accounting requirements, as well as the resulting impact on impairment accounting.
Applicable courses: Intermediate Financial Accounting; Intermediate Accounting, Graduate

Case: 20-6 Auditing Cryptocurrency Assets
Download: Case | Solution
Type: Cryptocurrency
Subject: Determine the classification of cryptocurrency holdings in the statement of financial position when an entity accepts cryptocurrencies as payment for its goods and services.
Applicable courses: Intermediate Financial Accounting; Graduate Financial Accounting; Intermediate; Graduate

Case: 20-7 Real Value
Download: Case | Solution | Summary
Type: Investments and Fair Value Measurement
Subject: This case gives students an opportunity to become familiar with aspects of ASC 321 and the challenges preparers face when they use the measurement alternative in ASC 321-10-35-2.
Applicable courses: Intermediate Financial Accounting; Intermedaite; Graduate Financial Accounting; Graduate

Case: 20-8 To Sell or Not to Sell
Download: Case | Solution | Summary
Type: Income Taxes
Subject: Measurement of deferred tax assets (DTAs) and deferred tax liabilities (DTLs).
Applicable courses: Intermediate Financial Accounting; Intermediate; Graduate Finanical Accounting; Graduate

Case: 20-9 Skeptical Lens — Part II
Download: Case | Solution | Summary | Handout
Type: Professional Skepticism
Subject: Examples to understand professional skepticism.
Applicable courses: Auditing

Case: 20-10 Auditing Logistical Logistics
Download: Case | Solution | Summary | Handout 1 | Handout 2
Type: Leases
Subject: Understand how auditors will design audit procedures for leases accounted for under ASC 842, Leases.
Applicable courses: Auditing

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Contact usnydeloittefoundation@deloitte.com for the excel files to case 19-8.

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