SEC accepts crypto update to GAAP taxonomy

CFO Dive

The accounting changes come as crypto-asset valuations have taken a beating and drawn increasing regulatory scrutiny

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Pro Forma Statements vs. GAAP Statements: What’s the Difference?

CFO News Room

Pro Forma Statements vs. GAAP Statements: An Overview. The generally accepted accounting principles (GAAP) require American-based companies to adhere to uniform reporting standards that govern accounting in the U.S. GAAP Statements. Are Pro Forma Financial Statements GAAP?

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Reporting Requirements of Contingent Liabilities and GAAP Compliance

CFO News Room

There are three GAAP-specified categories of contingent liabilities: probable, possible, and remote, each with different compliance guidelines. GAAP requires contingent liabilities that are likely to occur and can be reasonably estimated to be recorded in financial statements.

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How Alpha Hides in GAAP Accounting: Return on Equity

CFA Institute

You can find significant alpha in the mechanics that drive GAAP accounting.

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PayPal And The Rewards Of Non-GAAP Accounting

PYMNTS

Nowadays, companies report for both generally accepted accounting principles (GAAP) and non-GAAP numbers, as mandated by the Securities and Exchange Commission. If GAAP is used, operating income came in at $430 million for the latest quarter, up 16 percent from a year ago. If using non-GAAP measures, the numbers shift to a more eye-popping $659 million, representing a 25 percent jump from last year.

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Following acquisition, do I need to convert cash basis accounting to GAAP basis pre-acquisition?

Proformative

The company that I work for was just acquired by a private equity firm. The comp

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The End of Accounting? Sustaining Financial Reporting

CFA Institute

Coronavirus Economics Financial Statement Analysis Performance Measurement & Evaluation Standards, Ethics & Regulations (SER) accounting standards GAAP Regulations Standards and Ethics

Don’t Overlook Accounting Comparability

CFA Institute

Drivers of Value Economics Financial Statement Analysis Performance Measurement & Evaluation Standards, Ethics & Regulations (SER) accounting standards GAAP Regulations Standards and EthicsLow accounting comparability can be costly for both firms and managers.

Counting the Cost of Capital and Seeding Network-Based Accounting

CFA Institute

Drivers of Value Economics Equity Investments Financial Statement Analysis Performance Measurement & Evaluation Portfolio Management Standards, Ethics & Regulations (SER) accounting standards equities GAAP Regulations Standards and EthicsCost of capital is a tenuous concept.

Coupa Losses Not As Steep As Anticipated

PYMNTS

According to reports in Nasdaq , Coupa’s non-GAAP losses of 10 cents per share were better than previous analysts’ estimates of 17 cents per share — and significantly better than the $1.83 Total GAAP operating loss stood at $14.4 million, with a non-GAAP loss at $5.7 That compares to Q2 FY17 GAAP operating losses of $11.4 million and non-GAAP losses of $9.6 million, with non-GAAP losses at between $5.5

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Target Raises Its Comparable Sales Target For Q2

PYMNTS

In a press release late Friday announcing the news, Target said it now expects a modest increase in its second quarter comparable sales and that it anticipates reporting Q2 2017 GAAP and Adjusted EPS Target shares above the high end of its previous guidance range of $0.95 Both GAAP and Adjusted EPS are expected to reflect a $0.05 In addition, GAAP EPS is expected to reflect $0.02

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Corporate & Investment Bank Is Main Source of Profits

CFO News Room

Unlike JPMorgan’s companywide financial numbers, the segment breakdown is done on a non-GAAP basis. Total non-GAAP revenue in Q4 FY 2021 was $30.3 billion more than GAAP revenue. Total non-GAAP net income for the quarter was $10.4 JPMorgan Chase & Co. (

What does the EBITDA margin imply about a company?

CFO News Room

EBITDA is not regulated by generally accepted accounting principles (GAAP), so it is not normally calculated by companies that report their financial statements under GAAP.

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Absorption Costing vs. Variable Costing: What’s the Difference?

CFO News Room

For reporting purposes, absorption costing is required under the Financial Accounting Standards Board’s Generally Accepted Accounting Principles (GAAP). Many private companies also use this method because it is GAAP-compliant whereas variable costing isn’t.

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Common Finance Terms Every Newbie Needs to Know

CFO News Room

Four terms commonly used in earnings announcements are net income, EBITDA, GAAP, and EPS. Often companies will publicize their numbers using either GAAP or non-GAAP measures. Anyone who starts to read financial news will need a quick primer on the terms that are commonly used.

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Stocks making the biggest moves after hours: DocuSign, Zscaler and more

CFO News Room

Zscaler earned 25 cents per share, on a non-GAAP basis, beating consensus estimates of 20 cents per share, according to Refinitiv. Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH. Check out the companies making headlines after hours.

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Calculate Depreciation: Methods and Interpretation

CFO News Room

In the United States, accountants must adhere to generally accepted accounting principles (GAAP) in calculating and reporting depreciation on financial statements. GAAP is a set of rules that includes the details, complexities, and legalities of business and corporate accounting.

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Single-Step vs. Multiple-Step Income Statements

CFO News Room

must adhere to Generally Accepted Accounting Principles ( GAAP ), which are accounting standards issued by the Financial Accounting Standards Board (FASB). Many private companies elect to follow GAAP, even though they aren’t legally obligated to do so.

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Family Office Financial Management

https://trustedcfosolutions.com/feed/

Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. Family offices are growing in popularity. It used to be the domain of a relatively small number of wealthy families.

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How Is Impairment Loss Calculated?

CFO News Room

generally accepted accounting principles , or GAAP, assets that are considered “impaired” must be recognized as a loss on an income statement. generally accepted accounting principles (GAAP) assets considered impaired must be recognized as a loss on an income statement.

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The Lowdown on Carve-Out Financial Statements

Embark With Us

As you might already know, US GAAP doesn't have an awful lot to say about carve-outs or carve-out financial statements. And by awful lot , we mean nothing. Not a peep. So what should you do when there's a divestiture on the horizon and you need some guidance?

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How Are Prepaid Expenses Recorded on the Income Statement?

CFO News Room

The Generally Accepted Accounting Principles (GAAP) matching principle prevents expenses from being recorded on the income statement before they incur. Prepaid expenses aren’t included in the income statement per Generally Accepted Accounting Principles (GAAP).

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Green Dot Stock Up After Upbeat Earnings Report

PYMNTS

The company said its GAAP net income and GAAP diluted earnings were $1.7 The company also reported non-GAAP total operating revenues of $238.4 million, and EBITDA and non-GAAP diluted earnings per common share of $21.8

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5 Things We Learned From the Warren Buffett Annual Letter

CFO News Room

Its results, filed in accordance with generally accepted accounting principles (GAAP), show that the company earned $42.5 Berkshire Hathaway Inc. BRK.A ) released its 2020 annual report on Feb.

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How Do I Forecast with Tax Code 280E?

CFO Share

The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Even worse, an IRS income tax return does not follow the same rules as GAAP.

Accrual Accounting vs. Cash Basis Accounting

CFO News Room

The accrual method typically is required for companies that file audited financial statements and is accepted under the generally accepted accounting principles (GAAP) issued by the Financial Accounting Standards Boards (FASB). The cash basis method is not acceptable under GAAP.

When Does Your Nonprofit Need an Audit?

The Charity CFO

It shows whether or not your accounting records are accurate per generally accepted accounting principles (GAAP), in the auditor’s professional judgment. It’s a cost-effective option for organizations that need a GAAP report.

Updated Accounting Standards for In-Kind Donations (2022)

The Charity CFO

So now is the perfect time to make sure you report in kind gift donations in compliance with GAAP standards in 2022. The changes to in kind donation reporting are specifically for organizations that follow generally accepted accounting principles (GAAP) in preparing their financial statements.

Understanding Goodwill vs. Other Intangible Assets

CFO News Room

These rules apply to businesses conforming to generally accepted accounting principles (GAAP) using a full accrual accounting method. There is a lot of overlap and contrast between the IRS and GAAP reporting. . Goodwill vs. Other Intangible Assets: An Overview.

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The Number One Problem With Selling a Business

Focus CFO

GAAP financials when times get tough, and others manage to survive with street smarts. GAAP based Managerial Financial Statements. GAAP or IFRS based. GAAP or IFRS standards in order to maximize the value of the company. The Number One Problem With Selling a Business.

Profit and loss – get financial insight

Jedox Finance

GAAP , or generally accepted accounting principles, are rules and guidelines that organizations in the US must follow when preparing their financial statements. GAAP is designed to ensure that financial statements are accurate and consistent, making them easy for investors to compare.

Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles.

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How Complex Are Your Business Finances?

https://trustedcfosolutions.com/feed/

GAAP, IFRS, and cash base side by side for better visibility. No two businesses are exactly alike. Every business has unique financial needs. Suppose your company finances are complicated and include multiple entities or locations.

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Zack Meyer Joins The Charity CFO as Director of Quality Assurance

The Charity CFO

In doing so, Zack will help ensure that our clients’ financials are prepared in accordance with general accepted accounting principles (GAAP) and their 990s meet IRS guidelines.

Coupa Software Beats Estimates For Q2 Revenue

PYMNTS

Non-GAAP income from operations is expected to be between $3.5 non-GAAP net income per diluted share is expected to be between $0.05 And for the entire fiscal year, total revenues are expected to be between $369 and $372 million, non-GAAP income from operations is expected to be between $10 and $13 million, and non-GAAP net income per diluted share is expected to be between $0.11

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