Mostafa, S. H. and Mohamed, T. A. How could this deal have gone so wrong? The products and services include the software licence, installation, training services, and post-contract customer support (Morningstar 2015). IAS (2015) Use of IFRS by jurisdiction – G20 domestic listed companies. Business Unit Level Solution - The case study may put you in a position of a marketing manager of a small brand. One source noted that, “According to [Mike] Lynch, Autonomy has been kept quite autonomous in HP…,”[note]Saran, C. (2011, November). The diverse standards of revenue recognition used the US GAAP and IFRS revolve around the timing and fair value when recording revenue in a company’s financial statements (Hurley and Hurley 2013).
Autonomy was accused of inflating its revenue as it recognised partial revenue of a single contract by using a different method (cost plus a reasonable margin or residual) to estimate a single product’s fair value rather than VSOE (Hurley and Hurley 2013). This circumstance is existent with the assumption that over the long- or even short-term, prices of goods will rise (Jeffers, Mengyu and Askew 2010). Often readers scan through the business case study without having a clear map in mind.
For example, Ernst & Young (HP’s auditor) signed off on HP’s 2014 annual results that included materials (goodwill and amortizable intangible assets) of the acquisition of Autonomy without identifying any misleading information until a whistleblower emerged (Forbes 2012). This circumstance questions the expertise of auditors in the Big Four firms.
Copyright 2020 . Collins, D. L., Pasewark, W. R. and Riley, M. E. (2012) “Financial reporting outcomes under rules-based and principles-based accounting standards”. Fosbre, A.
[online] Available at: http://www.iasplus.com/en-gb/resources/ifrs-topics/use-of-ifrs-g20 [Accessed 21 June 2015]. Refine the central problem the protagonist is facing in the case and how it relates to the HBR fundamentals on the topic. HP Autonomy Case Study.
Yet, if the standalone value of the product and service is not available, cost plus a reasonable margin and residual methods are alternative options (Srivastava 2014).
PWC (2012) IFRS and US GAAP: similarities and differences.
(2014) “A proposed model to address convergence determinants, IFRS & FASB: Measurement and disclosure of revenue recognition”. All forms of copying, distribution or reproduction are strictly prohibited and will be prosecuted to the Full Extent of Law. Please see below a sample paper written by an Ivory Research academic writer. To write an emphatic case study analysis and provide pragmatic and actionable solutions, you must have a strong grasps of the facts and the central problem of the HBR case study. HP (2013) Annual Report 2013. Before concluding the report, recommendations on the discussed measurement models will be made. HBR case studies provide anecdotal instances from managers and employees in the organization to give a feel of real situation on the ground.
The next step is organizing the solution based on the requirement of the case. Kolesnik, K. (2013) “The roles of culture in accounting in the light of Hofstede’s, Gray’s and Schwartz’s cultural dimensions theories – a literature review”. Hewlett-Packard, well known for its computer hardware, thought the synergies it could have with Autonomy coupled with its brand recognition would give it a strong pre Web.4 November.
Until now, both entities have been engaged in a lawsuit to determine who was to blame for the write down.
Christensen, B. E., Olson, A. J. and Omer, T. C. (2015) “The role of audit firm expertise and knowledge spillover in mitigating earnings management through the tax accounts”. We make the greatest data maps. This circumstance also implies that ownership and risk of a good should have been transferred to the buyer in order to recognise the revenue.
In this case, HP had trouble fusing Autonomy into its other operations from the start. Hence, FASB and IASB may need to co-exist in order to constantly discover faults in each accounting standard. The case provides an opportunity for students to analyze the corporate strategy of HP, examine HP's financial performance overall and its various business segments, determine how and if Autonomy fits in with HP, and value the acquisition using discounted cash flow (DCF) and multiples analyses.
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