Friday August 12. 2011
We study accounting to use it as an analytic tool. This allows evaluation of companies including our own.
Groupon is the new start up that offers one time coupons to sample a service or product. It is planning an Initial Public Offering. The only problem, it loses even more money the bigger it gets!
The dot.coms never made money either, yet investors bought them. This will be a good example to begin our accounting classes this fall.
Professor Elam 
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