Posted by & filed under Financial Reporting and Analysis.

Description: Clothing company Under Armour has admitted it is under investigation by the Securities and Exchange Commission (SEC). The investigation has been ongoing since 2017. Speculation is that the investigation may be looking at revenue recognition issues.

Date:  November 4, 2019

Source:  baltimoresun.com

Link: https://www.baltimoresun.com/business/bs-bz-under-armour-invetigation-five-things-20191105-3a7dwxt3ujgabbitgq7rcjxwhu-story.html

Discussion points: 

1) Are you a user of Under Armour’s products? What do you like about their products?

 2) How might this news impact Under Armour’s business?

3) On page 485 of Wiley’s Financial Accounting: Tools for Business Decision-Making, we read about the world’s most valuable brands as ranked by Interbrand. Check out the most recent rankings for Apple and Google to see how things may have changed since Wiley published this edition.

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