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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select. Digital companies, in contrast, chase risky projects that have lottery-like payoffs. Digital companies, in contrast, chase risky projects that have lottery-like payoffs.

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The Dangers of Digital Protectionism

Harvard Business Review

These include access to digital goods and services, being part of global supply chains, accelerating and partaking in the fruits of innovation, and helping citizens access information, entertainment, and connectivity on a worldwide basis. follows Generally Accepted Accounting Principles (GAAP), developed through a rules-based approach.