Why We Need to Update Financial Reporting for the Digital Era
JUNE 8, 2018
However, many investors seem to have concluded that the most successful companies with tens of billions of dollars of valuation today could never have justified their valuation at the start of their operation based on discounted cash flow. Business students are taught to value a company based on the discounted amounts of future cash flows or earnings. Analysts increasingly rely on non-GAAP metrics. Martin Konopka/EyeEm/Getty Images.