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Bilanci Sempre Più ... FAKE
http://www.ft.com/intl/cms/s/2/b8ac...86a18e39d.html?siteedition=intl#axzz48k7RGhHc
non-GAAP figures are diverging ever further from accounting reality. In a study of 380 S&P 500 companies, the Analyst’s Accounting Observer calculated that their “adjusted” net income rose 6.6 per cent to $804bn last year. It sounds great until you discover that under GAAP precisely the opposite was happening. Net income at those same companies actually declined almost 11 per cent to $562bn — a full 30 per cent less
http://www.ft.com/intl/cms/s/2/b8ac...86a18e39d.html?siteedition=intl#axzz48k7RGhHc
non-GAAP figures are diverging ever further from accounting reality. In a study of 380 S&P 500 companies, the Analyst’s Accounting Observer calculated that their “adjusted” net income rose 6.6 per cent to $804bn last year. It sounds great until you discover that under GAAP precisely the opposite was happening. Net income at those same companies actually declined almost 11 per cent to $562bn — a full 30 per cent less
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