Hi,

Thanks for this great article!
Totally agree with you.
I will share it with my students to reinforce the importance of accounting : I lecture in financial analysis, international accounting, advanced financial statement analysis.

In addition to what you say very few financial analysts understand pensions, they do not even mention it as a risk whereas it is material for many companies and most plans are underfunded!
And very few make comments on Deferred Tax assets as well.

Thanks

Isabelle