The Soul of Enterprise: Business in the Transformation Economy cover image

Grab Bag Galore

The Soul of Enterprise: Business in the Transformation Economy

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The Meaninglessness of Accounting Reports

Bloomberg: Company earnings guidance is wrong 70% of the time. More than 3 out of 4 financial professionals said that there was strong likelihood that their companies' earnings would fall within the guidance. But this only happens rarely according to researchers who studied 357 CFOs, investor relations professionals and other executives. Paper concludes the accuracy rate of only 30% on time.

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