Case Study Analysis and Solutions

Case ID: 112025

Abstract:
Case Solution & Analysis for Mike Mayo Takes on Citigroup (A) by Suraj Srinivasan, Amy Kaser
The case details the conflict between Mike Mayo, an influential banking analyst, and Citigroup about what Mayo considers aggressive accounting policies. Mike Mayo questions Citigroup's lack of a valuation allowance against its deferred tax assets despite Citi's recent losses. The case discusses the economics of and accounting for deferred tax assets. It also focuses on management-analyst relations and challenges faced by analysts in providing a negative opinion on companies. The inclusion of deferred tax assets in Tier 1 capital and implications for regulatory capital are also discussed.

Keywords:
Accounting, Accounting methodologies, Accounting standards, Activity based budgeting, Bribery, Capital, Capital-Asset-Pricing, Commercial banks, Conflicts of interest, Cross functional management, Disclosure, Financial accounting, Financial statements, Financial strategy, Tax accounting, Taxation, Valuation, Mike Mayo Takes on Citigroup (A) Case Solution

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