As-presented vs Standardized Figures for 3-Statement/DCF Model
Hey guys! I'm new to this, and I'm wondering if best practice for financial statement modeling would be to use the as-presented data from a 10K, or the standardized/normalized results from services like CapIQ, LSEG, or Factset.
I completed WSP's course which draws exclusively from the 10K and makes no mention of these discrepancies.
Now, I'm working on a 3 statement model for KO, but the reclassifications on CapIQ are difficult to reverse-engineer to reconcile them to the 10K. And while it's more comprehensive, I'm ultimately getting bogged down by the granularity of the standardized results.
Consensus estimates on CapIQ are also standardized, so it feels like I have to get this sorted out to be able to match consensus estimates.
I'm a student and have access to these data providers through school, which is both very helpful and very overwhelming. Would appreciate any input!!