Beware! Estimates Dominate Financial ReportsGuest Post
Estimates Are Hazardous to Your Wealth.
Everyone knows that accounting is boring (not when I teach it, though), but, at least, people think it’s factual. No fake news. After all, accounting comes from counting―counting money, units of inventory, etc. All facts. Nothing further from the truth.
Except for a few items on the balance sheet, like cash . . .
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