How Alpha Hides in GAAP Accounting: Return on Equity
CFA Institute
MARCH 5, 2021
You can find significant alpha in the mechanics that drive GAAP accounting.
Accounting Standards GAAP Performance Measuring 
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Refreshing Revenue, the Cash Conversion Cycle, and Free Cash Flow
CFA Institute
APRIL 5, 2021
GAAP sometimes misrepresents business reality. We can use that fact to generate some alpha.
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