4 ms·

So, just what _is_ "the accounting argument"? I don't know enough accounting to figure it out for myself.

• BenFranklin100 3y ago
  For one, companies will be encouraged to classify R&D as operational expenses where they can. This distorts the overall picture of the business’s fundamentals.
  • username332211 3y ago
    I was under the impression American companies already have to maintain 2 sets of books anyways. After all, the IRS doesn't use GAAP.
    • ghaff 3y ago
      It's probably more than that. You have external GAAP, non-GGAP, constant currency vs. non-constant currency metrics, all sorts of internal accounting measures. With larger companies it's complicated. (Smaller companies it's more about cash flow even if they consider taxes as well.)
  • baybal2 3y ago
    [dead]