Musings on Markets: META Lesson 2: Accounting Inconsistencies and Consequences
CFO News Room
NOVEMBER 11, 2022
Accounting 101. I am not an accountant, and have no desire to be one, but I have used their output (accounting statements) as raw material in valuation and corporate finance. To the extent that these numbers are used in computing financial ratios, it will affect your measures of operating income and return on invested capital.
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