This case study introduce a way of applying real business cases in the field of accounting education which is more broadly adopting textbook based education. Even though case-based learning is known for the better way to educate the learners, well-developed case studies are rare in the accounting education. The purpose of this study is to develop a case on the financial statement analysis for education. Financial statement analysis provide insight into the company’s current financial status and lead to the development of policies and strategies for the future. This case study utilize the Starbucks’ 2014 annual report to analyze the company’s financial statements and draw basic conclusions about its financial health. This study present important concepts and techniques, as well as more comprehensive way of interpreting the annual report of Starbucks to analyze the firm. Lecturers may use other company’s annual report to apply this case studies on their financial statement analysis education.