Accounting Irregularities at Groupon Introduction In September 23 2011‚ Groupon (the Company)‚ a rapidly growing online coupon merchant was forced by the SEC to file a restated S-1 registration statement. The reason for the restatement was that the SEC objected to the accounting methods that Groupon used in the calculation of its revenue‚ causing it to be overstated. According to Villanova University (2012)‚ Groupon’s auditors at Ernst & Young stated that Groupon was not setting aside sufficient
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Challenge Strategic Issues and Analysis Groupon is an online group purchase website that offers customers a discount on different kinds of products and services. The biggest challenge for the company is that its business model is easy to copy. Evaluation and Analysis Groupon takes advantage of economies of scale to provide its customers with daily good deals. When the deals have obtained a certain quantity of buyers‚ the buyers will get the discount on the deals. The customers are willing to pay for
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Groupon Inc Groupon is website that features discounted gift certificates usable at local or national companies. Groupon was launched in November 2008‚ and the first market for Groupon was Chicago. By October 2010‚ Groupon served more than 150 markets in North America and 100 markets in Europe‚ Asia‚ and South America and had 35 million registered users. At the IPO in 2011‚ Groupon raised $700 million. New Enterprise Associates‚ Eric Lefkofsky and Brad Keywell investors in Groupon. In April 2010
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To: Board of Directors From: Corporate Investments Date: 08/12/11 Re: Groupon investment Groupon’s business model is based around offering mass discounts on certain products and services to subscribed customers from merchants that have signed up with them. The strategy used combines economies of networking and economies of scale. (Mordoekataus‚ 2011) Groupon has demonstrated vast growth in terms of reporting revenue of $713.4 million in 2010‚ reaching over 83 million subscribers while advertising
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Groupon – Reichheld’s loyalty model PROBLEM STATEMENT: Groupon’s consumer (end-user) value proposition of deep discounts on goods and services is attracting bargain shoppers who are inherently disloyal to the Merchant businesses offering the coupons. HYPOTHESIS: Groupon’s should change their strategy by offering fewer one-time discounts and put an emphasis on long-term value for repeat customers ANALYSIS PLAN / SOLUTION APPROACH: Reichheld’s loyalty model together with the Value Disciplines model
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students per group. Read “Growing Pains at Groupon” by Dutta‚ Caplan and Marcinko (2014) and complete the questions included in the Case Requirements section (beginning on page 238). Instructions for accessing the FASB Codification database: 1. Go to http://aaahq.org/ascLogin.cfm 2. User ID: AAA51526 3. Password: x43AYtX ISSUES IN ACCOUNTING EDUCATION Vol. 29‚ No. 1 2014 pp. 229–245 American Accounting Association DOI: 10.2308/iace-50595 Growing Pains at Groupon Saurav K. Dutta‚ Dennis H. Caplan‚ and
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Groupon Groupon Marketing Plan Groupon Swipe Card Table Of Contents 1.0 Executive Summary 2.0 Situational Analysis a. Politics b. Laws and Regulations c. Media Environment d. Social and Cultural Forces 2.1 Market summary 2.2 SWOT Analysis 2.3 Competition 2.4 Product Offering 2.5 Keys to Success 2.6 Critical Issues 3.0 Market Strategy 3.1 Mission 3.2 Marketing Objectives 3.3 Financial Objectives 3.4 Target Markets 3.5 Positioning 3.6 Strategies
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Name Unit 9 Outcome Activity P1 till P5. Grading Criterium Class ZYISO1AE Year 2013 [plaats hier het logo van het ROC] Assignment Assignment Title Ice Cream Galore Learner Name Assessor Name A. Van Bever Date Issued Completion Date Submitted On September 2012 Unit Code Credit Value Guided Learning Hours H/502/5425 10 60 Qualification Unit Number and Title BTEC National‚ level
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Case Study 2 - Sweats Galore ACCT 3121- Fall 2013 Due: Dec 4‚ 2013 The Business Situation After graduating with a degree in business from Eastern University in Campus Town‚ USA‚ Michael Woods realized that he wanted to remain in Campus Town. After a number of unsuccessful attempts at getting a job in his discipline‚ Michael decided to go into business for himself. In thinking about his business venture‚ Michael determined that he had four criteria for the new business: 1. He wanted to do something
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that Groupon still enjoys is the first mover advantage. They were the first ones to explore the market space and designed a group purchasing model with the use of Internet. This helped them to have a strong brand recognition and gave them the time to expand their subscriber and merchant base over the period of years. Currently Groupon is available in 45 countries around the world and in all the 50 states in US with 10‚000 Employees‚ ___ Subscribers and ___ Merchants. 2. Innovation: Groupon is the
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