The questions regarding potential slight of hand accounting at Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) continue after the firm posted monster first half earnings but the stock fell over 10 percent, as previously reported in ValueWalk. The reason the stock fell on better than expected earnings was essentially trust issues over the quality of the earnings report, ValueWalk reported. Concern in Quindell’s accounting treatment Now more of these earnings concerns are clarified. An article in the Financial Times points out two major areas of concern in their accounting treatment of certain forward looking revenue assumptions. The most noticeable of these assumptions is…
Questions Continue Over Quindell Plc (QPP) Accounting
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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