The case relates to bookkeeping quality evaluation performed by the top research company Center for Financial Research and Analysis (CFRA) on firms in the solar sector utilizing a focus on the First Solar Inc. In the year 2009, CFRA was worried that the First Solar, similar to the Solar industry, was encountering deterioration in the company prospects and was exposed to hazards arising from revenue recognition, high stock levels, dearth of customers and geographic diversification, aggressive warranty procedures, excessive output, capacity growth along with supply chain risks.
The case scenario positions the students in the shoes of CFRA analysts who are required to evaluate business prospects and First Solar's accounting quality following the company releases its second quarter fiscal numbers in the year 2009. The case scenario assists students with background data on the solar power business, First Solar, data from CFRA research, and First Solar's quarterly reports along with the earnings conference call to analyze and draw conclusions about the bookkeeping practices and strength of First Solar as an organization. Order: http://hbr.org/search/113044-PDF-ENG
PUBLICATION DATE: January 24, 2013 PRODUCT #: 113044-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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