Week 8
Toby Biotech Case & Receivables Risk
Prepare
Please read the case study:
βUsing Data Analytics and Visualization in Accounting and Auditing at Toby Biotech Inc.β
(Moodle β Case Study section)
As you read, pay special attention to the accounting-related terms and ideas, for example: - Accounts Receivable (AR)
- Allowance for Credit Losses (ACL)
- Reserve for Returns and Allowances (RRA)
- Revenue recognition and timing
- Materiality
- CECL (Current Expected Credit Loss model)
You do not need to understand every technical detail,
but you should have a basic sense of what each term means in the case.
Participate
π Case Discussion Presentation β Understanding the challenge of receivables risk at Toby Biotech
In class, we will:
- Walk through the Toby Biotech case together and discuss:
- the company background
- the economic context
- why receivables and related estimates matter.
- the company background
Practice
In the second part of the session, we will do a hands-on exercise:
- Use Tableau to explore the Toby Biotech datasets from the case.
- Build simple visualisations to:
- see where receivables are concentrated, and
- start identifying patterns that might indicate risk.
- see where receivables are concentrated, and
Perform
After class, take a few minutes to mentally review:
- What you understood about receivables risk from the Toby Biotech case;
- Which Tableau view or pattern in the data stayed most clearly in your mind, and why;
- What kinds of Tableau skills you feel you strengthened in this session and how you will use them in the future.
Ponder
Think beyond what we actually did in class:
- If you had more time and access to the same data, what additional analyses or visualisations would you build on the Toby Biotech case?
- What other questions might an auditor, a manager, or a bond investor want to answer using this data?
- What extra information or datasets would you like to have, to make your conclusions about receivables risk more convincing?