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The End of Accounting? Sustaining Financial Reporting

CFA Institute

The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.

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Updated Accounting Standards for In-Kind Donations (2022)

The Charity CFO

But the deadline for making the changes has passed, and the FINAL deadline (for interim reporting periods) is coming up next month. So now is the perfect time to make sure you report in kind gift donations in compliance with GAAP standards in 2022. When do the changes to in kind gift reporting go into effect?

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How to create & use pro forma statements

Cube Software

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results.

GAAP 40
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5 Steps to Prepare your Organization for a Financial Audit

E78 Partners

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. To refine this process, the preparation of adjusted financial statements and their accompanying footnotes is essential, ensuring accurate presentation and comprehensive disclosures.

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What is Net Book Value?

The Finance Weekly

Understanding the Net Book Value (NBV) of a company's assets is critical for knowing its financial health and potential for future growth. This accounting principle offers an insightful perspective into a business's worth , underlining the importance of financial reporting in today's market dynamics.

GAAP 52
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How is Goodwill Taxed When Selling a Business?

Michigan CFO

Goodwill = P− (A − L ) where: P=Purchase price A=Fair market value of assets L=Fair market value of liabilities T-Mobile/Sprint Merger: A Real Life Goodwill Valuation In 2018, T-Mobile acquired Sprint to the tune of $35.85 At the time of the acquisition, the fair market value for the Sprint corporation was determined to be $78.34

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How to Build Shareholder Trust with Reliable Financial Reports

Planful

In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. at its peak to $0.26