The current state of the financial statements is nothing short of a performance metric disaster.

An overwhelming majority of CFOs polled say that financial reporting is an exercise in compliance, nothing close to economic reality.

Credit investors around the world have come to find that neither the operating cash flows nor EBITDA provides an accurate measure of cash available for debt service.

The top equity investors in the world have been quite outspoken about the failure of reported GAAP and IFRS earnings and other metrics.

In this engaging CFA event with real life, up-to-the date cases, Professor Joel Litman reviews the financial statement disaster and its implications for equity and credit analysis.

As Chair of the UAFRS Advisory Council for Uniform Adjusted Financial Reporting Standards, Litman and the firm, Valens Research, have been spearheading the use of Uniform Financial Analytics.