Sunday, April 24, 2016

For those of you who took accounting from Moffit

It will serve you well in navigating a world like this.

Fantasy Math Is Helping Companies Spin Losses Into Profits - The New York Times

1 comment:

  1. I was not aware that this false reporting was such an issue among Fortune 500 companies. It gives investors the false notion that a company is profitable. The negative attributes of this kind of reporting will most likely hurt the investors more than the management. By providing a misleading bottom line, investors are unaware of the true profitability of a corporation. All corporations and small businesses should be required to report the GAAP accounting results to investors. This will ensure that companies do not provide inaccurate financial reports to investors. The fact that this not already a regulation is absurd.