Why We Need to Update Financial Reporting for the Digital Era
JUNE 8, 2018
Digital companies, however, consider scientists’ and software workers’ and product development teams’ time to be the company’s most valuable resource. 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.