Like most dangerous situations, they begin with a nugget of truth. In this case, GAAP has many limitations &#x2F; shortcomings, and has been patched up piecemeal over the decades, leading to some oddities.<p>Tech companies in particular are annoyed by accounting methods developed for completely different types of businesses and are often frustrated that net earnings, for example, doesn&#x27;t accurately reflect their situation.<p>However, combine that nugget with investor&#x27;s willingness to be swooned by the latest growth company, and said company&#x27;s desire to hit wall street growth targets and you get a dangerous combination.