Believing that every number on a financial statement is accurate and true can lead to misguided decisions and strategies. It's important to remember that accounting and finance are as much art as they are science. Numbers on financial statements are often estimates and assumptions made by the finance team. They may not always reflect the exact financial situation of the business. Therefore, it's crucial to interpret these numbers with a critical eye and understand the assumptions and estimates behind them.
Financial statements do not always tell the entire story about a company. Accounting methods and fi...
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