hp autonomy case study

Software companies like HP and Autonomy commonly bundle their products and services under a single contract (Morningstar 2015). Haflich, F. (2014) “If GAAP goes, says higher to taxes and cyclicality”. (2014) “Differences and similarities between IFRS and GAAP on inventory, revenue recognition and consolidated financial statements”.

In HP’s and Autonomy’s case, US GAAP has aided with attracting attention to the flexibility of the IFRS, which can significantly inflate a company’s value (Srivastava 2014). 2014). IAS (2015) Public company accounting oversight board. Time line also provides an insight into the progressive challenges the company is facing in the case study. If the fair value were not established, the company would have to defer recognising all revenue until the last element of the contract was delivered (Grant Thornton 2011). Cohn, M. (2015) “IASB, FASB look beyond convergence”. These entities aim to protect investors and further the public interest in the preparation of informative, fair, and independent audit reports (Nagy 2014).

Accounting Today 29 (1), 23. This circumstance questions the expertise of auditors in the Big Four firms. International Review of Accounting, Banking and Finance 5 (1), 17-41. As a result, it may be impossible to witness a complete convergence between IASB and FASB in developing a global accounting standard (Gornik-Tomaszewski and McCarthy 2003). Even before you start reading a business case study just make sure that you have brushed up the Harvard Business Review (HBR) fundamentals on the Leadership & Managing People. The scope of the recommendations will be limited to the particular unit but you have to take care of the fact that your recommendations are don't directly contradict the company's overall strategy.

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 SEC (2015) The role of the SEC. Why not choose your writer by. Both US GAAP and IFRS define inventories as the following: Though US GAAP and IFRS generally includes direct costs of getting inventories ready for sale, the differences can be summarised as shown below: Table 1: Differences in costs of inventory (IAS 2015). (2014) “The impact of principles-based and versus rules-based accounting standards on auditors’ motivations and evidence demands”. Unlike IFRS, US GAAP requires VSOE to be used in all circumstances it is available and resort to TPE as an alternative only when deemed necessary. Satin, D. and Lin, R. (2009) “Is there LIFO after IFRS?” Academy of Accounting and Financial Studies 14 (2), 53-56.

Although a number of critics had argued that the price was excessive, many believed the change in HP's strategic direction was appropriate. HBR case studies provide anecdotal instances from managers and employees in the organization to give a feel of real situation on the ground. Discussion of the Influence of the Social Context. De La Merced, M. (2012). Yet, from HP’s perspective, Autonomy should have utilised VSOE of selling price as its first option. However, as the US GAAP is rules-based, its revenue recognition policy has extensive industry-specific guidance, unlike the IFRS, which offers more flexibility (PWC 2012). 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).
As previously stated under Institutional Context, the differences and similarities of the US and the UK regulatory environment are strongly influenced by the countries’ cultures (McGillivary and Fung 2013). Autonomy (2009) Annual Report 2009. Global Journal of Business Research 4 (4), 41-49. Hurley, P. and Hurley, R. (2013) “HP’s risk in the acquisition of Autonomy a cost of $11 billion to a write-down of $8.8 billion in 1 year”. Zero down on the central problem and two to five related problems in the case study. http://dealbook.nytimes.com/2012/11/20/autonomys-ex-chief-h-p-s-claims-completely-and-utterly-wrong/ Marking out the protagonist and key players in the case study from the very start. McGillivary, J. and Fung, H. (2013) “The need for ethical reform in the US financial industry”. We make the greatest data maps. EXECUTIVE SUMMARY. It include using the analysis to answer the company's vision, mission and key objectives , and how your suggestions will take the company to next level in achieving those goals. HP s Acquisition of Autonomy Case Study Solution-HP s Acquisition of Autonomy Case Study is included in the Harvard Business Review Case Study. Business environments are often complex and require holistic solutions. Reuters (2012) Autonomy founder says HP allegations don’t add up. Consequently, the established regulations would affect accounting standards in the United Kingdom (UK) and the United States (US). Therefore, Autonomy could be acquitted from HP’s allegation in the UK as IFRS encourages a flexible approach for companies to achieve true and fair representation in its financial statements (Kanagaretnam, Lim and Lobo 2014).

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