Lightpath Technology AG
Case number:
A01-04-0001
Abstract
This case concerns the restatement of financial statements for a German developmental stage technology company by a U.K. equity analyst. Financial statements prepared using IAS accounting are restated to reflect a developmental stage company in the U.K. Financial ratios are calculated to assess the effect of the restatements on firm performance.
Teaching
The purpose of the case is to give students an opportunity to develop and practice financial statement restatement skills. Five restatements are required:
1. A LIFO to FIFO method change.
2. An accelerated to straight-line depreciation method change.
3. Elimination of asset revaluation.
4. Capitalization (partial) of research and development costs.
5. A deferral to flow-thru tax credit method change.
1. A LIFO to FIFO method change.
2. An accelerated to straight-line depreciation method change.
3. Elimination of asset revaluation.
4. Capitalization (partial) of research and development costs.
5. A deferral to flow-thru tax credit method change.
Case number:
A01-04-0001
Subject:
Accounting and Control
Year:
Setting:
Germany, 2003
Length:
4 pages
Source:
General experience