The University of Chicago Booth School of Business | Financial Accounting 30000 | Financial Statement Analysis Case Groupon: Constructing Projected Financial Statements Designed by: Valeri Nikolaev Objective: Understanding the relation between financial statements and constructing a pro forma balance Sheet. Role of the presenting team. You are taking the role of Groupon’s management team whose task is to construct a projected balance sheet requested by a prospective lender
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Groupon Inc. was forced to restate their revenue numbers on the financial statements before being able to offer an Initial Public Offer (IPO) in 2011. Groupon is a company that offers daily deals for local services of their customers. These deals can be bought one day and then used at a future date of the customer’s choosing. These offers are comprised of a set portion for the business owner and a markup commission value for Groupon. Previously Groupon would book the entire value of the sale
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Indiana Telephone Company and Groupon The distinctions between Groupon and Indiana Telephone Company (ITC) annual reports are: • The annual report cover letters are different. Groupon Inc.’s cover letter is more detailed and provides more information about the company. • ITC’s annual report does not have a table of contents. • The amount of information in the annual reports differ substantially. ITC’s annual report consists of 22 pages while Groupon’s annual report contains 118 pages. • The
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Mini Case – Groupon Online coupon businesses have begun to boom recently in not only big cities in the U.S. but also in smaller areas around the country. With the growth of this business, though, comes competition, which is a major problem facing big online businesses such as Groupon and Living Social. Although these are the two largest rivals in the business right now, there are hundreds of other companies that have tried to take a piece of the pie by offering their own online coupons. Companies
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Strategies Deals Galore at Groupon https://www.youtube.com/watch?v=iHWEXs6fOrw summary Groupon is a location-based service that helps consumers find great local deals and assists merchants in attracting and managing customers. L= 3:40. Groupon’s business model is based on the theory that everyone loves a great deal. Groupon is a popular “deal of the day” Web site offering discounted gift certificates usable at local or national companies. Each day Groupon e-mails its subscribers discounted
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GROUPON GROUPON 1. Coupons are a tried-and-true promotion method, and the Internet includes other couponing sites. How does Groupon differentiate itself? With fierce competition from countless competitors, Groupon faces increasing uncertainty regarding its product positioning as it pursues its IPO. Specifically, it must continue to differentiate itself in the web and mobile markets to retain and grow its customer base. Groupon should diversify its product offering and position itself as a hyper
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Groupon Number #13836-CF Sections 102-106, 113-117: One Ticket to a Harlem Globetrotters game at 7 p.m., February 13, 2014 UBC Thunderbird Arena This G-Pass™ is your ticket. Present this entire page at the event. PURCHASER: Harinder Sian EVENT: ACCOUNT: EUB0213 33-25438 ADD'L INFO: SECTION 116 SECTION: ROW: 116 21 16 332557364423 SEAT: The Fine Print Limit 8/person. Valid only for option purchased. Groupon not redeemable with mobile app. Use for admission at UBC Thunderbird Arena
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Innovative Companies Apple is undoubtedly one of the most innovative companies of our time and has managed to set the bar very high for their competitors. It is not surprising to see this company secure their position in first place as the most innovative company of 2011 after being the third most innovative company the year before. The mission statement declares, “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads
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1) How has an understanding of consumer behaviour helped Groupon grow from 400 subscribers in Chicago in 2008 to 60 million subscribers in 40 countries? At first, take a look at Groupon’s owner. The idea of creating Groupon came up when he was bored in Chicago finding himself in the same routine going to the same restaurants and movie theatres. With that in mind is impossible to deny that majority of population is stuck in a boring routine and would love to explore different things. In addition
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exemption is a benefit to investors who purchase shares in these companies, whether they are well-known brands like Groupon or promising start-ups just getting their bearings (Henning, 2012). The consequences of not properly disclosing the policy on internal controls to shareholders as well as to the U.S. Securities and Exchange Commission (SEC) can be quite costly for a company. Groupon felt the repercussions of this in 2012. This paper will review the importance of having the proper internal controls
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