Why We Need to Update Financial Reporting for the Digital Era
JUNE 8, 2018
This notion, that risk is a desirable feature, can seem like sacrilege to anyone who’s taken an introductory finance course. In the meanwhile, companies increasingly resort to provision of proforma and non-GAAP reports, even though this practice is looked down upon by the SEC and is opportunistically misused by a few companies. Analysts increasingly rely on non-GAAP metrics. Martin Konopka/EyeEm/Getty Images.