Fantasy Math

Another side of GAAP vs. non-GAAP

Fantasy Math Is Helping Companies Spin Losses Into Profits

What’s surprising, though, is how willing regulators have been to allow the proliferation of phony-baloney financial reports and how keenly investors have embraced them. As a result, major public companies reporting results that are not based on generally accepted accounting principles, or GAAP, has grown from a modest problem into a mammoth one.…


If only GAAP were not CRAP…

Besides, they do report in GAAP.

Denny Schlesinger

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If only GAAP were not CRAP…Besides, they do report in GAAP (too).

Yes most of the time, unfortunately, GAAP results are nonsense, for all the reasons we all know.