I have just posted a YouTube video with some interesting financial accounting observations. The goal was to alert you to some of the choices that are available when presenting accounting information, and to the fact that we might easily infer financial statement fraud in cases where we might not understand the calculations underlying the data under review. I talk about the order of the financial statements, whether the current data is presented on the left or the right side of the financial statements, some quirks when it comes to rounding to the nearest million, some quirks with respect to Earnings Per Share (EPS) calculations, and accounting for Apple’s 4:1 stock split. Feel free to let me know if you’d like some new topics covered in detail.
Click here for a link to the video.
