Accounting and Financial Reporting in 2018: What You Need to Know
This article was originally published on ETFTrends.com.
By Peter de Boer via Iris.xyz
Most companies, like people, are good-natured and well-intentioned. But history is littered with lapses in corporate behavior and financial manipulation ranging from the unethical to the illicit. Sometimes there are just bad eggs.
André Malraux, a French novelist, once said: “Man is not what he thinks he is, he is what he hides.” At CFRA, we believe the same can be said for companies and their financial statements. So we try to find those bad eggs with our Accounting Lens product which provides risk research on an extensive universe of companies believed to have significantly poor quality of reported financial results, operational metrics and corporate governance problems.
Each year we publish a report with the subject line header of this article. In 2018 financial results will include adoption effects of several new accounting standards, including the global revenue recognition guidance. So we discuss major changes and transition requirements that may have one-time effects on key performance metrics. Many of these comparability issues will affect both U.S. companies and IFRS companies. We also discuss the near-term impact of the Tax Cuts and Jobs Act.
Some key areas of focus for CFRA in 2018 and a summary of our report are as follows:
Click here to read the full story on Iris.xyz.
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