The End of Accounting and the Path Forward for Investors and Managers av Baruch Lev, Feng Gu

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<b>An innovative new valuation framework with truly useful economic indicators</b><p><i>The End of Accounting and the Path Forward for Investors and Managers</i> shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents'' continuous deterioration in relevance to investors'' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today''s market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution¿the Value Creation Report¿and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company''s true value-creating resources for a more up-to-date approach to critical investment decision-making. <p>While entire industries have come to rely on financial rep