Profit – the difference between costs and revenue – is the engine driving capitalist economies. It determines dividend pay-outs and a high proportion of the market valuation of companies. They can’t survive without it. If there’s no profit, there’s no…
Tag: accounting
Corporations are measuring the wrong thing
A sweeping criticism of the way companies value themselves and report on their performance is set out in a new report published this month by EY, the international accounting and management consultancy firm. The 39-page Accounting & Reporting for Long-Term…