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mlsoft

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mlsoft

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Re: inthehills post# 143289

Thursday, 08/21/2003 10:24:23 PM

Thursday, August 21, 2003 10:24:23 PM

Post# of 704047
inthehills...

You are absolutely correct regarding GAAP earnings standards. They are too loose and are an invitation to abuse, such as with the case of pension plans, where a company can plug in a "hoped for" rate of return and count that mythical return as profits even though in reality it lost money in the plan. Absurd, yes, but infinitely better than the utterly abused pro-forma method of reporting.

mlsoft
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