Agreed on all parts and we deal with internals regularly, especially when we have to cut up an LTM period. Recently we were working on one and I was telling the MD how I was pretty positive they were worthless because the file said (12-31-11_before_accountant_adj) and how much we used to change stuff when people sent us their internals since they try to expense everything for tax purposes, put interest payments towards principal paydown, etc. What's weird to me is that its basically impossible to have it not balance in any accounting software, certainly not quickbooks or some of those other atrocious accounting programs (I can't remember the name of the other one we used to use but it was fricking awful, although it was for F/S prep, not internal use).
eta: and as you can tell from my posting today I'm not doing shite. CapIQ plugin is acting a fool and CapIQ tech support is gone. Me = not caring at the moment and procrastinating on everything else.
This post was edited on 4/25 at 5:27 pm