Revenue Recognition Fraud Or Error – The Case Of Microstrategy, Inc.

Topics:
Revenue recognition
Tags:
Finance,
Financial Services,
Fraud,
IPO,
MicroStrategy Inc.,
Operational Accounting,
Revenue,
Revenue Recognition
Source:
hicbusiness.org

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Overview: From the executive summary: ‘Since MicroStrategy, Inc., a software company listed on NASDAQ, came out with an initial public offering (IPO) in June 1998; it has always been identified as a successful growing company with positive net income. On March 20, 2000, the company announced that it would restate its financial statements since its IPO. This announcement caused its share price to fall 60% in one day. The case study summarizes the timeline of actions taken by the company management and identifies the issues relating to revenue recognition policies under generally accepted accounting principles’.

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Format: PDF | Size: 52KB | Date: Jan 2003 | Pages: 15

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