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Wilfrid Laurier University Leaf
October 28, 2016
Canadian Excellence

Bruce McConomy


email: Bruce McConomy
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Bruce McConomy

Virtually Perfect Corporation

Bruce J. McConomy and Sara Stonehouse

published: 2011 | Research publication | Refereed Journals - Accounting



This case provides an example of a high technology company that is expanding and is facing financial constraints. It details financial reporting issues relating to the company’s most recent set of financial statements. It requires students to assume the role of a newly appointed auditor, to prepare a report analyzing the key issues and to provide advice to the owners of the Company. Students are faced with a set of integrated financial accounting and reporting issues, with an ethical underpinning due to pressure from the owners of the company.  The case incorporates some overview audit issues, but it is most suitable as a capstone case in intermediate financial accounting, for use in either undergraduate or MBA courses.

Bruce J. McConomy and Sara Stonehouse, “Virtually Perfect Corporation”, Accounting Perspectives, Volume 10, Issue 2, 2011, pp. 139-149.

revised Oct 3/11

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