Lone Star Power was a middle power generation and energy distribution company. The new director of the investment company must estimate the amount of financial reporting issues raised by the outside analyst. These questions relate to (1) the recognition of revenue, (2) Consistency of accounting policies, (3) the expense of time, (4) classification of reported items, (5) for additional guidance on the interpretation of the guidelines, and (6) a temporary voluntary disclosure . Using a very simple settings, the case combines questions of financial transparency, financial reporting, SEC reporting requirements, as well as reg. FD disclosure. "Hide
by Pavel Simko Source: Darden School of Business 4 pages. Publication Date: April 5, 2007. Prod. #: UV0805-PDF-ENG
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