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...
Malaysia Malaysia Latest News, Malaysia Malaysia 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
Source: FinancialMail - 🏆 20. / 63 Read more »
THE FINANCE GHOST: The art of stock pickingExperienced stock pickers know that the gap between price and value is where the opportunities lie, both long and short, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »