Tuesday, December 18, 2007

Accurate Financials

Right now I’m slogging through some messy financial data, and I’m completely frustrated by the integrity of the data. With all the advancements in software and technology, one would expect companies to maintain accurate and consistent records and projections, but that rarely seems to be the case.

Every company, big, small, new, or old, must always maintain an updated, simplified, and sufficiently transparent set of financial statements. From an investor standpoint, anything less than complete clarity in financial records and projections cast a shadow of doubt on both the business and leadership that suggest that they are not good stewards of the investment dollars.

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