Will the next round of earnings reports still show a profit?
There may be surprises ahead for investors in companies that have become accustomed to using non-GAAP financial measures (NGFMs) to calculate earnings. Although the reporting rules have not been changed, new interpretive guidance issued by the SEC last week will make certain costs of doing business harder to exclude. The result: reported earnings may be closer to reality and profitable bottom lines may be further out of reach.
If you need assistance in interpreting financial statements and disclosures, contact Asterion’s staff of experienced professionals.
Is your firm ready for Artificial Intelligence?
It wasn’t that long ago that Lexis was considered a revolutionary legal research tool, although viewed with skepticism by some. The next technological leap is here, now that Baker & Hostetler has hired “Ross.” An artificial intelligence lawyer built on Watson, IBM’s cognitive computer, “Ross” will work in the firm’s bankruptcy practice. While AI may increase the speed and precision of answers to specific questions about the law, lawyers aren’t about to be replaced—unless “Ross” starts apologizing like HAL.
Successful lawyers make use of all the tools available to them, from AI to the right expert. If your case needs the services of financial or economic consultants, consider adding Asterion to your team.
On the Lighter Side: What’s the best way to make money?
Centuries of records from Florence and Great Britain reveal that the old-fashioned way of making money, through inheritance, is still the surest route to lasting wealth.
| Spotlight on Valuation
Asterion, Inc. (“Asterion”) has extensive experience in the provision of valuation consulting services. |