The case details the conflict between an influential banking analyst, Mike Mayo, and Citigroup about what Mayo considers aggressive accounting policies. Mike Mayo questions the deficiency of a valuation allowance against its deferred tax assets of Citigroup despite Citi's recent losses. The case discusses the economics of and accounting for deferred tax assets.
It also concentrates on direction- in supplying a negative opinion on companies, analyst relations and challenges faced by analysts. The inclusion of implications for regulatory capital and deferred tax assets in Tier 1 capital are discussed.
PUBLICATION DATE: August 26, 2011 PRODUCT #: 112025-PDF-ENG
Mike Mayo Takes on Citigroup (A) Case Study Solution
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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