non-GAAP Archives - CFO

IASB Proposes Changes to Reporting of Profit and Income

IASB Proposes Changes to Reporting of Profit and Income

The proposals represent "a game changer in the comparability and usefulness of financial statements," said IASB Chair Hans Hoogervorst.

By Vincent Ryan | December 17, 2019

Bridging the Gaps in GAAP

Bridging the Gaps in GAAP

Here are eight critical considerations for combating the creativity crisis in accounting.

By David McCann | October 16, 2019

Has Non-GAAP Reporting Become an Accounting Chasm?

Has Non-GAAP Reporting Become an Accounting Chasm?

Aggressive use of non-GAAP numbers is creating a crisis in how investors, analysts, and the media report financial performance and value companies.

By Drew Bernstein | September 23, 2019

SEC Charges Bring Long Fraud Saga to a Close

Risk & Compliance

SEC Charges Bring Long Fraud Saga to a Close

Five years after GT Advanced Technologies went bankrupt, the company and its ex-CEO, facing overwhelming evidence, cop to SEC allegations.

By David McCann | May 8, 2019

Report Details Ubiquity of Non-GAAP Metrics

Risk & Compliance

Report Details Ubiquity of Non-GAAP Metrics

Some findings seem to support allegations that companies are practicing "earnings management."

By David McCann | October 15, 2018

Tax Cuts Impacting Board Decisions: Survey

Tax Cuts Impacting Board Decisions: Survey

A survey from BDO said corporate directors are reevaluating launching new businesses as they conduct reviews of their firms' total tax liabilities.

By William Sprouse | September 12, 2018

Study Finds Disturbing Evidence of Earnings Management

Management Accounting

Study Finds Disturbing Evidence of Earnings Management

Not only companies but also stock analysts and earnings-data clearinghouses are linked to the deception.

By David McCann | August 2, 2018

Is Exxon Riding Slowly into the Sunset?

Investor Relations

Is Exxon Riding Slowly into the Sunset?

If oil prices remain at current levels, at some point bond investors may no longer be willing to support the shrinking enterprise.

By Vitaliy Katsenelson | May 17, 2018

Free Cash Flow: What Is It, Really?

Financial Performance

Free Cash Flow: What Is It, Really?

As the use of free cash flow as a guiding metric grows, researchers seek a solid definition for the term.

By David Katz | April 30, 2018

How Audit Committees Can Help with Non-GAAP

Financial Reporting

How Audit Committees Can Help with Non-GAAP

The Center for Audit Quality recommends best practices and discussion topics for non-GAAP presentations.

By David McCann | March 21, 2018

SEC’s Non-GAAP Guidance Should Be Withdrawn

Risk & Compliance

SEC’s Non-GAAP Guidance Should Be Withdrawn

Sometimes, the commission’s metrics guidance works against the interests of financial-statement users, a capital markets expert says.

By Charles Lundelius | May 19, 2017

Effects of Latest Non-GAAP Guidance? Too Early to Tell

Risk & Compliance

Effects of Latest Non-GAAP Guidance? Too Early to Tell

But the SEC should continue trying to boost transparency and comparability in reporting: CFA Institute official.

By Vincent Papa | May 19, 2017

Square-Off: Are the SEC’s Non-GAAP Rules Too Strict?

Risk & Compliance

Square-Off: Are the SEC’s Non-GAAP Rules Too Strict?

There's an awful lot of gray area around the topic of what companies should or shouldn't do in their presentations of the unofficial metrics.

By David McCann | May 18, 2017

Non-GAAP Metrics Are a Response to Faulty Reporting Standards

Risk & Compliance

Non-GAAP Metrics Are a Response to Faulty Reporting Standards

Inconsistent interpretation, guidance, and enforcement of non-GAAP measures lead to a lack of confidence in reporting.

By Kris Hutton | May 18, 2017

Non-GAAP Rules Are Needed to Keep Companies Honest

Risk & Compliance

Non-GAAP Rules Are Needed to Keep Companies Honest

While non-GAAP metrics are often useful, too many companies use them to present a misleading picture of performance, a senior auditor says.

By Jennifer Biundo | May 18, 2017