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An innovative new valuation framework with truly useful economic indicators

The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution—the Value Creation Report—and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making.

While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making.

• Discover a new, comprehensive system of economic indicators
• Focus on strategic, value-creating resources in company valuation
• Learn how traditional financial documents are quickly losing their utility
• Find a path forward with actionable, up-to-date information

Major corporate decisions, such as restructuring and M&A, are predicated on financial indicators of profitability and asset/liabilities values. These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.

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Despite the efforts of regulators around the world who strive to improve accounting and corporate transparency, the financial information they require to be disclosed no longer truly reflects the performance and value of business enterprises. The End of Accounting and the Path Forward for Investors and Managers empirically proves this statement and offers a new way of reporting that provides a truly transparent look at a business’s vitality.

Today’s financial reports provide a very small component of the relevant information investors and lenders need to wisely put their money with high-potential organizations. Inside, the authors share their radical findings from examining quarterly earnings conference calls and investor meetings in four major economic sectors, revealing that a company’s worth lies in the strategic, value-enhancing resources it holds rather than the traditional assets in corporate financial reports. This groundbreaking process is more than a way to avoid investing in companies with misleading financial reports; it’s also proven to uncover the companies poised to capture major market share, but currently burdened by red ink on their books. The conclusions inside fly in the face of conventional investment wisdom and practice, but they were reached by extensive examination of real-world facts and, as you will see, proven in numerous case studies. This thorough resource gives you what you need to gain meaningful insight into a company, including:

• A comprehensive system of economic indicators that evaluates the performance and long-term competitive position of business enterprises
• A detailed proposal for how current accounting and reporting systems can be restructured to efficiently serve twenty-first century companies, investors, and lenders
• Concrete steps to conduct your investment routine to align with the real drivers of business success

Make your investing and lending decisions based on information that matters with The End of Accounting and the Path Forward for Investors and Managers.

정보제공 :

Corporate reporting then and now : a century of "progress"
And you thought earnings are the bottom line
The widening chasm between financial information and stock prices
Worse than at first sight
Investors'' fault or accounting''s?
Finally, for the still unconvinced
The meaning of it all
The rise of intangibles and fall of accounting
Accounting : facts or fiction?
Sins of omission and commission
What really matters to investors (and managers)
Strategic resources & consequences report: Case no. I
Media and entertainment
Strategic resources & consequences report: Case no. 2
Property and casualty insurance
Strategic resources & consequences report: Case no. 3
Pharmaceutics and biotech
Strategic resources & consequences report: Case no. 4
Oil and gas companies
Implementation
So, what to do with accounting? A reform agenda
Investors'' operating instructions.