Posted by & filed under Accounting Principles, Student life.

Description: A few years back, when Adrian Ma visited his uncle in Hong Kong, he was gifted with a bottle of Glenlivet, Special Jubilee Reserve, a 25 year old whisky bottled in 1977 to honour Queen Elizabeth’s Silver Jubilee. At the time of the gift, Adrian’s uncle told him “I don’t have a reason to open this; You should have it.” Ma found the right occasion this summer, at a cottage, surrounded by friends at a group 40th birthday celebration.

Date:  December 10, 2023



Discussion points:

1) Are any of your classmates fans of Scotch whisky?

2) If your uncle had gifted you a $3,000 bottle of whisky, would you save it for some special occasion or put it on the market?

3) Page 2-4 of Wiley’s Financial Accounting: Tools for Business Decision-Making educates us regarding the operating cycle of various types of companies. What do you think the length of the operating cycle of a distillery might be?

Leave a Reply

Your email address will not be published. Required fields are marked *