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by Scubabear68
1223 days ago
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In the US at least, there is a baseline standard based on Generally Accepted Accounting Practices and SEC reporting requirements. Generally it is reported quarterly (every three months) with a big year end summary. They’re a bunch of terms and abbreviations you’ll also need to understand eg FY means Fiscal Year, what the various GAAP measures are, and often many companies and industries have their own non-GAAP measures. To really understand it all takes a lot of work, corporate accounting is nothing at all like managing person cash flow, there are a lot of accounting practices you need to understand like depreciation, how revenue is recognized, etc - all of which can be games to a degree. Note that a private company doesn’t have to release this kind of info. |
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