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This blog is pretty thorough in going through their past accounting issues: http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/281 http://blogs.smeal.psu.
by ennuihenry 14y ago
This blog is pretty thorough in going through their past accounting issues: http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/281 http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/281
One of their obvious no-nos was that they were booking the total amount of the deal as recognized revenue, instead of their fees. Also they came up with non-GAAP accepted metrics to measure their performance which were deemed dubious by outsiders.