THE FINANCE GHOST: How to really read an income statement

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

So much of what makes a financial statement is either unintelligible, or unnecessary. But there are some numbers you really should care about, writes FinanceGhost.

I studied accounting and I have the coveted CA designation after my real name, so I’m acutely aware, and highly frustrated, that financial statements are nowhere near as easy to read as they could be. International Financial Reporting Standards are incredibly complicated, turning many financial molehills into mountains.

The challenge faced by the profession is that corporate managers tend to push the rules as far as they possibly can, making the financials look better than they really are. Complicated situations call for complicated rules, with the collateral damage being the retail investor who opens a set of financials and has no idea where to even start...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE FINANCE GHOST: How to really read an income statementSo much of what makes a financial statement is either unintelligible, or unnecessary. But there are some numbers you really should care about, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »

Asia stocks up after UK fiscal U-turnInvestor sentiment brightens after new British finance minister changes course
Source: BDliveSA - 🏆 12. / 63 Read more »