Analyzing the financial condition of the city of Corona, California: Using a case to teach the GASB 34 government-wide financial statements

A financial statement analysis case uses the government-wide financial statements of Corona, CA to teach students about the financial overview provided in the new governmental financial reporting model. Educators are struggling to incorporate the new model in their governmental accounting curricula. The case analysis is beneficial to students in three ways. First, the active, case learning approach of using a real world example complements existing pedagogical materials for better mastery of the new reporting model. Second, the case approach of using ambiguity and alternative solutions promotes the development of analytical skills. Third, the written requirement and class discussion promotes the development of communication skills.