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anyone up for a chat?
My company Qualitest India has a lot of openings for Manual and Automation testers/DEVOPS/ETL and other roles for India and even abroad. Please check https://qualitestgroup.com/careers/open-positions/#open-positions and contact me personally with suitable job id from the link above. I will try to refer.
Note: I am not a recruiter. I work there as an Engineer and just trying to help people. 😊
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how much harder is banking then valuation?
What is a look back analysis?
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Inventory overstatement leads to understated COGS (and overstated EBITDA), while inventory understatement does the opposite.
From a QoE perspective, I’d first assess whether the variance stems from timing or true non-recurring errors. If management performed a physical count at year-end, you could ask them to perform a similar count (or provide count results) for the FDD historical period. The difference between the adjusted and reported balances would flow through COGS as the EBITDA impact.
An add-back could make sense if the variance relates to one-time issues such as a write-off from a system conversion, a physical count correction after years of misstatements, or a non-recurring loss (e.g., theft, obsolescence clean-up, or accounting policy change). But if variances recur year to year due to weak controls or cycle counts, they’re operational and shouldn’t be adjusted.
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It depends.
this is the level of detail i come to expect from a GT QoE