Why We Need to Update Financial Reporting for the Digital Era
JUNE 8, 2018
Furthermore, the operating managers cannot take their eyes off day-to-day operations to focus on innovation. That VC arm is given relatively unconstrained financial capital to invest in innovation and disruptive ideas. 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.