An innovative new valuation framework with truly useful economic indicators the end of accounting and the path forward for investors and managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative based on a comprehensive large sample empirical analysis this book reports financial documents continuous . The path forward for investors and managers provided valuable marketing advice and wiley finance editor william falloon accepted the book almost at face value and guided it smoothly the end of accounting and the path forward for investors and managers . An innovative new valuation framework with truly useful economic indicators the end of accounting and the path forward for investors and managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative based on a comprehensive large sample empirical analysis this book reports financial documents continuous . Shareable link use the link below to share a full text version of this article with your friends and colleagues learn more. The end of accounting and the path forward for investors and managers shows that equity investors can earn far higher investment returns by correctly forecasting cash flows than by correctly forecasting gaap earnings furthermore cash flows are easier to predict than earnings which increasingly consist of dubious gaap mandated accounting