A good-reputed advanced technology company had introduced two new smartphone devices and a brand new operating system with the objective of turning round the slumping hardware sales of the company's. Despite positive product reviews in the media, the models didn't sell up to benchmark. Subsequent decline in demand lead to devaluation of supply and inventory obligations at various times through the following fiscal year.
By the end of year the task facing the chief financial officer of the company's was determining whether or not further devaluation was needed. The task additionally entailed considering the impact of a possible adjustment on the business’s financial statements on investor assurance because this decision came at a time of significant uncertainty about the organization’s future in the competitive market.
PUBLICATION DATE: August 21, 2015 PRODUCT #: W15361-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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