Many (if not all) public companies have two sets of books. One they use to show investors and shareholders, and another used to make managerial accounting decisions.
Sure their investor/shareholder books may seem deceptive, but it's legal and everything is there for us to see and analyze. I have done this type of analysis in MBA level accounting case studies. It's really fun when you see the whole class conclude one thing, but then later find out everyone's wrong due to misinterpreting a few assumptions.
Sure their investor/shareholder books may seem deceptive, but it's legal and everything is there for us to see and analyze. I have done this type of analysis in MBA level accounting case studies. It's really fun when you see the whole class conclude one thing, but then later find out everyone's wrong due to misinterpreting a few assumptions.