Why We Need to Update Financial Reporting for the Digital Era

Harvard Business

Financial capital is assumed to be virtually unlimited, while certain types of human capital are in short supply. Digital companies, however, consider scientists’ and software workers’ and product development teams’ time to be the company’s most valuable resource. Analysts increasingly rely on non-GAAP metrics. Martin Konopka/EyeEm/Getty Images. The market caps of just four companies, Apple, Alphabet, Amazon, and Microsoft, now exceed $3 trillion.

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