The Rise Of The Intangible Corporation

Over the past few years, it has become commonplace among the world’s largest corporations to stretch the rules of accounting as far as possible to squeeze every last dollar and cent of earnings out of business. For investors and analysts who are trying to calculate an accurate intrinsic value of a business, this Wall Street trend of financial alchemy and smoke and mirrors has made life tough. Aggressive opaque accounting for the 21st century is not just limited to the income statement. The rise of the intangible corporation Intangible assets on the balance sheet have become a huge part of…