iRubric: Celgene Acquisition Case rubric

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Celgene Acquisition Case HMI Impairment Case Rubric Code: RX37438 By tschaefe Ready to use Private Rubric Subject: Accounting Type: Assignment Grade Levels: Graduate

Celgene Case Descriptions
	Not so Good 0 pts	Good 1 pts	Very Good 2 pts
Reasons for Receptos acquisition	Not so Good Little or very cursory motivations for the acquisition are provided	Good Quote from the annual report but nothing from the financial press.	Very Good Quote from both the annual report and discussion from a financial press source.
Accounting policies	Not so Good Accounting method never really identified.	Good Accounting method is cited with no effective elaboration.	Very Good Accounting method is both identified and main details are briefly discussed.
Precombination service compensation	Not so Good Little or only brief description of pre-combination service treatment.	Good Discussion simply "cut and pasted" from the annual report.	Very Good Various details of the pre-combination service costs are presented in the writer's own words. The theoretical reason behind the accounting treatment is briefly discussed along with appropriate ASC citations.
Allocation to assets acquired, etc.	Not so Good Little or only very brief calculation provided.	Good Calculations simply "cut and pasted" from the annual report.	Very Good Detailed calculations provided with brief discussion of some of the theoretical reasons behind the calculations.
In-process R&D	Not so Good Little or only brief description of accounting treatment for IPR&D.	Good Discussion simply "cut and pasted" from the annual report.	Very Good Discussion includes the nature of IPR&D as an asset, useful life considerations, reasons for the difference with ongoing IPR&D, or other considerations.