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by jcranmer
250 days ago
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The value of revenue as a metric is that you can't really play financial games to screw with revenue, while there's lots of stuff you can do to inflate or deflate your profit. See, e.g., Hollywood accounting. Neither revenue nor profit is the full story, though. |
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Accrual accounting gives lots of room for revenue-recognition fuckery [1].
[1] https://www.investopedia.com/terms/r/revenuerecognition.asp