The problems Kraft Heinz Co. disclosed last month are shining a light on another concern: the company’s tailored financial metrics that help make its results look better.
Since the 2015 merger that created Kraft Heinz, the packaged-food company has reported adjusted operating earnings totaling more than $24 billion. But reported cash flow from operations under standard accounting rules for that same period was only about $6 billion.
It is called CREATIVE ACCOUNTING!
U wot? Red sauce, brown sauce or no sauce at all. Stop fkn confusing things.
Tailored financial metrics usually end up going bad. Good luck WeWork.
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