Beyond the GAAP Income Statement Reviewed by Momizat on .   More often than not, a company’s income statement isn’t a definitive disclosure of its revenue and expenses that investors can interpret clearly, easily   More often than not, a company’s income statement isn’t a definitive disclosure of its revenue and expenses that investors can interpret clearly, easily Rating: 0
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Beyond the GAAP Income Statement

01-08-2014-blog-2

 

More often than not, a company’s income statement isn’t a definitive disclosure of its revenue and expenses that investors can interpret clearly, easily and accurately.  This is largely because income and expenses, as classified under GAAP, can be difficult to define.  According to McKinsey & Company, savvy investors often have to reengineer statements to come up with figures that they’re even remotely comfortable with to use as a starting point in valuing future performance.  In a well-written and straight forward article, McKinsey & Company explains the trouble with GAAP-based income statements and offers their “modest” proposal for revisions that would result in accuracy in reporting and ease in interpretation.

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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