Hello. Appreciate some insights.
I have a project to link three financial statements for valuation. I am wondering if I need to reconcile the historical statements’ data or I just need to link the projected data.
The problem with the historical statement is that companies adjust their previous years’ financial data here and there every year. I find it really hard to reconcile.
From a practical standard point of view, the projected financials would be most relevant for valuation.
I just wonder what is the industry standard.