Accounting

Posted: September 24th, 2015

GAAP permits alternatives, requires estimates, and incorporates management judgments.
That gives the financial analyst a challenge in comparing several companies in the same industry, or in forecasting the business of a company.
In the chapters assigned to you, choose one example of the challenge the analyst faces, then explain what the analyst has to do to better understand the financial condition/performance of the companies/company.
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