What information (explicit and implicit) can be derived from financial statement analysis Does the standardization required by GAAP add greater validity to comparisons of financial data between companies and industries Are there possible shortcomings to relying solely on financial statement analysi...

Financial statement analysis provides information ...

What information (explicit and implicit) can be derived from financial statement analysis? Does the standardization required by

Question:

What information (explicit and implicit) can be derived from financial statement analysis? Does the standardization required by add greater validity to comparisons of financial data between companies and industries? Are there possible shortcomings to relying solely on financial statement analysis to value companies?
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...