Valens Research – UAFRS vs As Reported Weekly Highlights – December 20, 2017
December 25, 2017
Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.
Company Specific Highlights & Insights
Adobe Systems Incorporated (ADBE)
R&D Expense Distortion