HKSFA is bringing the highly-acclaimed “DARK SIDE” seminar with Professor Litman to Hong Kong. It has received highest marks at CFA Chapters in New York, Singapore, London, and more than ten other chapters around the world.

“The DARK SIDE of Financial Statements” focuses on the severe distortions in as-reported IFRS and GAAP financial reporting and the non-GAAP, non-IFRS solutions for it such as UAFRS uniform accounting.

As Professor Litman has stated, “Financial reporting is an inconsistent mess and getting worse around the world, misreporting revenue, earnings, cash flows, assets, equity, and debts.”

This “accounting mess” causes financial professionals to see stocks as expensive which truly aren’t and to see businesses as low quality which in actuality are solid cash flow generators.