People who are doing business, or anyone in the accounting field would think about how the financial system is working. The authors wrote this article with their rights and freedoms, in order to better define the reader to see the end of this situation. By using simple words, documents drawn curtains in the accounting system are a major impact.
More than ever, the authors compare the fact between Non- GAAP and GAAP, and picturing how each one working. The authors don’t say that which one is better, but they compare and giving to the readers all information. Both of GAAP and Non-GAAP have all the good side and the bad side. For some people, they believe that Non- GAAP information has a positive financial reporting revolution and it also reveal the truth more usefully. In contrast, some businesses are concern over the GAAP with many complaints about the number of the report is ludicrous and …show more content…
For example, this paragraph describes the truth of accounting system, and also informs people who are doing unethical as report with wrong information.“Because of so many deep flaws in GAAP and a ponderous system that generally hasn’t produced significant progress, we encourage wise and ethical managers to bypass this bureaucratic process and create serious improvements by using responsible non-GAAP reporting to reveal the truth more usefully. (Paul B. w. Miller and Paul R. Bahnson)”
This writer condemned the policy is not clear and not transparent in financial statements, and also encourages being honest in financial reports. The authors aim to wake everyone who is doing business should be honest in reporting, and encourage people should correct what did wrong and improvement in reporting more