Defund accounting. (Seriously — most CEOs I know are continuously frustrated with those practicing that dark, boring art.)
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Seriously, every board meeting starts with a 30 minute conversation about the financials, and almost every line has a caveat about why the financials are misleading.
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What sucks about GAAP for you? My own beef is with the G. For business evaluation, how to account at one company is totally different than another depending on goals and strategies.
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- depreciation for things like molds and computers makes zero sense - the way stock gains are done makes no sense - even inventory is dumb Double entry bookkeeping is money. GAAP sucks.
End of conversation
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