Critically evaluate the following quote

" but the accounting standards require companies to obscure ... operating profit, so every analyst must spend hours readjusting the stated profits to obtain what they want. The resulting confusion makes it difficult for the capital markets to operate properly. ... The accountants broadly seem to be headed towards determining the change in the

net worth of a company over a year and describing that figure as profit. That mixes into the trading profit items such as profit or loss on the sale of premises and investments, property write-downs, goodwill write-offs and amortisation, abnormal bad and doubtful debts and various prior-period adjustments, including all sorts of tax-provision games."

companies to obscure ... operating profit, so every analyst must spend hours readjusting the stated profits to obtain what they want. The resulting confusion makes it difficult for the capital markets to operate properly. ... The accountants broadly seem to be headed towards determining the change in the net worth of a company over a year and describing that figure as profit. That mixes into the trading profit items such as profit or loss on the