4 ms·
Exactly - this is a case where consistency is more important than accuracy If everyone is optimizing their GAAP figures, eventually everyone converges on a sim
by gxs 1y ago
Exactly - this is a case where consistency is more important than accuracy
If everyone is optimizing their GAAP figures, eventually everyone converges on a similar number you can compare across companies
Downside is that if you don’t play the game you’re sort of screwing yourself