Granite Harbor: can the reporting packet leave review?

Your role and reporting date

Granite Harbor Devices, Inc. is a fictional calendar-year US public business entity and SEC registrant. You are the financial-reporting senior for the year ended December 31, 2026. The controller will not accept a collection of corrected numbers; she needs one reviewable packet showing what is established, what is stipulated for arithmetic practice, what still requires current Codification research, and what blocks release.

Amounts in the quantitative exhibit are USD thousands. Other percentages and dates are separate evidence fields, not inputs to that exhibit.

Controlled exhibits

Exhibit A — draft statement and equity bridge

Use the worked example EX:statement-presentation-comprehensive-income-and-disclosure/granite-harbor-income-oci-equity-bridge. Its $20,000 continuing income, $(3,000) discontinued-operation loss, $17,000 net income, $1,000 OCI, $18,000 comprehensive income, and $74,000 ending equity are recomputed. The disposal qualification, OCI eligibility, tax effects, and ownership attribution are stipulated only for that exhibit.

The draft packet instead puts the $(3,000) loss in continuing expenses, closes all $18,000 of comprehensive income to Retained Earnings, and labels the $1,000 current-period OCI amount “ending AOCI.” Total equity still happens to tie.

Exhibit B — disposal file

The Home Monitoring product activity has identifiable direct revenue and expenses. Management approved a plan to sell selected product rights and inventory on December 20, but retained service obligations, shared distribution, and two product lines. A buyer has not signed an agreement. The draft memo says, “A board-approved disposal is automatically a discontinued operation.” It does not analyze the component boundary, disposal state, strategic shift, major effect, period, allocation, tax, continuing involvement, or required disclosures.

Exhibit C — policies, uncertainty, and later events

The draft significant-policy note copies general standards language. It does not say which inventory method Granite Harbor selected or which transactions the policy governs. A separate sentence calls a three-percent expected-return rate an “accounting policy.”

Granite Harbor obtains 38 percent of one specialized component from a single supplier. The file omits the denominator owner, contract term, alternative capacity, affected products, and potential financial-statement effect.

A large customer entered bankruptcy on January 18, 2027. The file contains December delinquency notices but no aging or credit chronology. A factory fire on February 9 damaged a facility that was operating normally at December 31. The statements are expected to be issued March 15. Neither event has an owner, specialized-Topic path, recognition analysis, disclosure assessment, or subsequent-event evaluation control.

Exhibit D — interim and standards clocks

The June 30, 2027 draft labels one column “Q2 revenue” without saying whether it covers three or six months. It annualizes the three-month amount by multiplying by four and does not compare the same prior-year periods.

The standards tracker labels ASU 2024-03 and ASU 2025-11 “current GAAP for all 2027 reports” because both have been issued. It omits entity scope, annual and interim mandatory dates, early adoption, transition, fiscal-year start, and the current or pending Codification view. Treat Granite Harbor as not early adopting unless a controlled approval record says otherwise.

Exhibit E — management reporting and segment draft

This exhibit is an evidence-gathering and control-design exercise. The case does not ask for a final reportable-segment set until the instructor supplies a current controlled Topic 280 population.

An organization chart names Consumer, Clinical, Industrial, and Corporate. Product dashboards go to the chief executive. A monthly allocation package goes to an executive committee that decides major capital and operating-resource changes. Minutes show that the chief executive can reverse those decisions, but the committee normally develops and executes them. The segment memo identifies the chief executive as CODM from title alone and treats every organization-chart box as an operating segment.

The packet contains discrete monthly revenue, profit-or-loss, and asset measures for three business components plus corporate and elimination rows. It does not document which information is regularly reviewed for resource allocation and performance assessment, whether aggregation is supportable, how the reportable- segment tests were calculated, whether external-revenue coverage is met, or how every reported amount reconciles to consolidated statements. You may design the calculation control, but do not claim a final segment set until the instructor's current Topic 280 exhibit supplies the controlled population and definitions.

Exhibit F — fictional filing trail

The reviewer left only this note: “2026 10-K, segment expense, $4.2m.” No registrant identifier, form accession, filing or amendment date, report period, statement or note, table, units, scale, sign, comparative column, surrounding language, XBRL concept, duration or instant, dimensions, decimals, or extension status was retained. This is a fictional locator-control exercise; do not search for Granite Harbor as though it were a real registrant.

Required work

Use the lessons as a navigation map: requirements 1–2 draw on Lessons 00–02; requirement 3 on Lessons 03–04; requirement 4 on Lesson 05; requirements 5–6 on Lessons 06–07; requirement 7 on Lesson 07; and requirement 8 integrates the whole module. Finish each cluster and its open-item list before combining the controller packet.

1. Rebuild the statement-classification and component-equity schedules. Mark every item as stipulated, recomputed, researched, open, or approved. Explain why the original total-equity tie did not detect its classification errors.
2. Prepare a disposal decision tree and two conditional presentation branches. Identify evidence that would establish or reverse component, disposal-state, strategic-shift, major-effect, tax, continuing-involvement, and note findings.
3. Rewrite the policy and uncertainty material in entity-specific form without turning an estimate or general risk list into a policy note. Build the two later-event chronologies through the issuance date.
4. Correct the interim column map and standards tracker. For each issued update, show entity type, fiscal-year start, annual or interim report, mandatory date, early-adoption status, transition, and current-versus-pending view.
5. Map the actual resource-allocation and performance-assessment process, the information regularly reviewed, candidate components, permitted aggregation, reportability tests, external-revenue coverage, and consolidated reconciliations. Keep judgment and arithmetic as separate review steps.
6. Design the segment note, including the management measure, significant expenses, other segment items, assets, changes, comparatives, and reconciliations applicable to the supported conclusion.
7. Replace the one-line filing note with a reproducible fictional locator log. Show how a human-readable disclosure and an inline-XBRL fact would be cross-checked without treating one search result as the whole filing.
8. Give a release recommendation. List packet owners, open evidence, current- authority checks, approvers, and stop conditions. A “PASS” in the workbook is evidence about arithmetic only.

Constraints

Use current authorized guidance at the date of instruction. Do not quote or redistribute protected Codification text. Do not invent a buyer, contract, CODM decision, segment population, adoption election, filing accession, or XBRL fact. Preserve Granite Harbor's fictional status and keep annual, interim, subsequent-event, and standards effective-date clocks separate.