This case allows students to apply managerial accounting knowledge in a practical real-world setting. Integrating both financial and nonfinancial considerations, students are charged with making a recommendation to the owners of a family-owned and operated car wash (Crossroads), who are forced to make a difficult decision between a financially secure retirement or continuing to operate the business that supports their children and at-risk employees. This case can be used as is or modified for use in undergraduate and graduate managerial accounting courses and is intended to challenge students (1) to use managerial accounting knowledge and concepts to identify issues and relevant costs, (2) to understand the challenges and risks associated with selling a family-owned business, (3) to apply managerial accounting skills to the decision-making process, and (4) to analyze, synthesize, and evaluate financial and nonfinancial considerations to make a recommendation on selling or continuing to operate a family-owned small business.
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Research Article|
October 31 2022
Crossroads Car Wash: When Family and Finances Collide
Robert Rankin
;
Robert Rankin
Texas A&M University Commerce
Assistant Professor
Accounting
P.O. Box 3011
UNITED STATES
Commerce
TX
75429
903-767-0035
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Cassy Henderson;
Cassy Henderson
Sam Houston State University
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Trevor England
;
Trevor England
UNITED STATES
Sam Houston State University
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Michael Opara
Michael Opara
Texas A&M University–Commerce
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Received:
January 07 2021
Revision Received:
November 30 2021
Revision Received:
June 09 2022
Revision Received:
July 27 2022
Revision Received:
September 23 2022
Accepted:
September 23 2022
Online Issn: 1558-7983
Print Issn: 0739-3172
2022
Issues in Accounting Education (2022)
Citation
Robert Rankin, Cassy Henderson, Trevor England, Michael Opara; Crossroads Car Wash: When Family and Finances Collide. Issues in Accounting Education 2022; https://doi.org/10.2308/ISSUES-2021-003
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