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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

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. Analysts increasingly rely on non-GAAP metrics. Traditional companies therefore rely on two strategies.

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On Creative Accounting: Two Creativity Myths

Harvard Business Review

Wall Street's " financial innovations " of recent years seem to have given creativity a bad name. As long as the new ideas cohere with ethical standards, and generally accepted accounting principles ( GAAP ), they can yield immense benefits. Tags: Creativity Ethics Innovation GAAP. Consider " The Balanced Scorecard."