Why We Need to Update Financial Reporting for the Digital Era
JUNE 8, 2018
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. Furthermore, the operating managers cannot take their eyes off day-to-day operations to focus on innovation. Analysts increasingly rely on non-GAAP metrics.