We (Kim, Muhn and Nikolaev) examine to what extent general-purpose large language models (LLM) such as GPT4 can make informed financial decisions based on mostly numerical financial data. We provide ...

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

The International Accounting Standards Board has introduced a new standard to give investors more readily comparable information about companies' operating profits in one of the biggest changes to ...

A growing number of small and mid-sized businesses are discovering a gap in traditional financial services: bookkeepers handle historical transactions, accountants prepare tax returns, and strategic ...