Friday Feb 12 2016
Ethics students looking for a topic should consider this one. BA has been dropping this year and now the plunge begins again.
Program accounting, which is a method of long term recognition of profit on construction, is apparently GAAP.
In bear markets, all news tends to be bearish. This is a good example, no one questioned program accounting until the mood went negative on Boeing, now even its accounting methods are
in question. Note the 6.8% drop in one day.