Cisco And Juniper Financial Analysis
In view of comparing the various accounting parameters of Cisco and Juniper, financial statements for the fiscal year 2006 are used for both the companies.
Stock Options grants:
Both the Companies have adopted the Statement of financial accounting standards No. 123 (revised 2004) SFAS 123(R). This standard requires the measurement and recognition of compensation expense for all share based payment awards made to employees and directors including employee stock options and employee stock purchases based on estimated fair value.
In 2006 Juniper had to restate its past financial results after an internal audit found problems with the way the company accounted for the stock options grants.
The investigation concluded that the recorded grant dates of certain stock-options differed from the actual measurement dates that should have been used for the accounting purposes. The company had indulged in backdating of stock options that were not accounted properly.......
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Approximate Pages: 6 (250 words per double-spaced page)
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