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Poseidon Concepts Corporation: Boom To Bust

Walid Busaba; Nourhene Ben Youssef; Saqib A. Khan;

商品編號:9B18B001
出版日期:2018/01/23
再版日期:2018/01/23
商品來源:
商品主題:Accounting
商品類型:Case (Field)
涵蓋議題:earnings management;accounting fraud;revenue recognition;bad debt
難易度:4 - Undergraduate/MBA
內容長度:7 頁
地域:Canada; United States
產業:Mining; Quarrying; and Oil and Gas Extraction;
事件年度:2013

On February 25, 2013, the chief investment officer at University of Regina Investing (URI) was reviewing the draft copy of the annual report for 2012 that was to be submitted to the client, the University of Regina. One investment that stood out was Poseidon Concepts Corporation, which the fund had bought at $14.02 per share in April 2012, had reached a high of CA$16.02 in September 2012, and had eventually lost all stock value. The chief investment officer decided to review the transaction to identify any warning signs or red flags indicating that Poseidon Concepts Corporation’s management was involved in earnings manipulation. If there were signs, and if they had been identified earlier, could URI have avoided incurred losses?

教學手冊:8B18B001;
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