4 ms·
I agree. Although for anyone unfamiliar, GAAP isn't and never was perfect. Like any target it is gamed. Hence the origins of the meme "cash flow is a better in
by heymijo 7y ago
I agree.
Although for anyone unfamiliar, GAAP isn't and never was perfect. Like any target it is gamed. Hence the origins of the meme "cash flow is a better indicator than net income."
In comparison, startup accounting has engaged in such fuckery that it makes GAAP look wholesome.