The hottest Accounting Substack posts right now

And their main takeaways
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Weekend thoughts: investing advice (not financial advice!) for non-investors

Yet Another Value Blog • 1513 implied HN points • 13 Jan 24
💰 Finance Investing Stocks Index funds Accounting Value investing
  1. Investing in low-cost index funds can be a smart choice for non-investors.
  2. Trying to outperform the market with individual stock trading is challenging and can be risky.
  3. It's important to learn the basics, understand finding an edge, and align investments with expertise when pursuing investing as a hobby.

Fraud in Asia

Asian Century Stocks • 668 implied HN points • 24 Jan 24
💰 Finance Fraud Accounting Investments Financial Analysis
  1. Tan & Robinson's book on Asian financial statement analysis is a key resource for spotting fraud and misrepresentation in Asia.
  2. Watch out for companies with high margins, poor cash flows, fast-growing balance sheets, and complex corporate structures with frequent related party transactions.
  3. High-profile short-seller reports should be taken seriously when assessing potential fraud in companies.

Is EBITDA Really Bullshit? Answer: "It Depends"

Value Investing Substack • 353 implied HN points • 05 Aug 23
💰 Finance Investing Accounting Economics Companies Metrics
  1. EBITDA can be a controversial metric in finance, with some calling it 'bullshit earnings'.
  2. John Malone successfully used EBITDA to communicate TCI's growth strategy in cable industry.
  3. Valeant Pharmaceuticals' misuse of EBITDA led to financial trouble, highlighting the importance of understanding the context behind EBITDA figures.

Intellectual Laziness

MD&A • 404 implied HN points • 04 Jul 23
💼 Business Finance Management Strategy Corporate culture Accounting
  1. Intellectual laziness can lead to catastrophic corporate failures, as seen in the case of GE and SVB.
  2. Managers who prioritize manipulating short-term earnings over creating long-term shareholder value are intellectually lazy.
  3. Intellectual rigor is essential in identifying underrated managers and avoiding overrated ones.
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Illumina: Fraud by Omission

Nongaap Investing • 32 implied HN points • 18 May 23
💼 Business Fraud Insider trading Accounting Investments Legal issues
  1. Fraud by omission is a significant concern in the case of Illumina insiders and their financial windfall on Grail.
  2. By omitting material facts, Illumina insiders potentially misled investors and reaped undisclosed financial windfalls.
  3. The use of cost method accounting instead of equity method accounting may be seen as a form of fraud by omission, allowing for undisclosed financial benefits.

Issue #89: Mastercard Makes Moves In China, Wise Posts A Healthy H1 Result, And Adyen Launches A New Product In Australia

Fintech Radar • 6 implied HN points • 22 Nov 23
💰 Finance Fintech Investment Startups Insurtech Accounting
  1. Wise reported impressive financial results for H1 2023 with quadrupled pre-tax profits, showing success in expanding beyond peer-to-peer money exchange.
  2. Adyen launched Capital in Australia, recognizing the growing demand for embedded financial services in platform businesses.
  3. Mastercard received approval for bankcard clearing in China, a big step to settle transactions directly and establish presence in the Chinese market.

The Zoom Rooms on a Big News Day

Wide World of News • 0 implied HN points • 10 May 23
🇺🇸 U.S. Politics Accounting
  1. Not all about the verdict, but now a lot about the verdict in Trump's situation.
  2. Liz Cheney firing an opening salvo by attacking Trump's fitness for office.
  3. The biggest variables in White House fiscal talks are the real X date, market reactions, and building trust between key figures.

Lightning Network financial statements

bolt.observer • 0 implied HN points • 23 Mar 23
💰 Finance Accounting Assets Equity Standardization
  1. Financial reporting provides valuable insights for businesses and helps external stakeholders make informed decisions.
  2. The balance sheet is a key financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific time.
  3. In the Lightning Network, node operations are currently 100% equity-based, but in the future, liabilities such as capital borrowing/lending may emerge.