Apparently designed to give a truer picture of a company’s health, investors should take them with a pinch of salt
Thursday 01 Aug 2019 Author: Yoosof Farah
When companies report their financial figures, often the final figure they want you to see is not the one that simply represents all of their incomings minus their outgoings. A growing number of firms think if you just take the statutory figures they provide, which usually stick rigidly to industry-recognised accounting standards, it doesn’t always give a true reflection of how the business is actually performing. So often companies...