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SEC Flags Benchmark That Obscured WeWork’s Bottom Line

PYMNTS

The We Company , the parent of WeWork , uses a cash-flow metric called the “contribution margin,” which showed that its core services were profitable, Bloomberg Tax reported on Tuesday (Dec. The use of the metric raised red flags from analysts, though, and got the attention of the Securities and Exchange Commission (SEC).

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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.

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Highest Paid CFOs in the World in 2024

The Finance Weekly

The CFO's job is to decipher various departmental forecasts to create profit projections for the CEO and shareholders. It's like looking at the gain or loss you make from an investment compared to what you spent. The CFO plays a key role in ensuring these statements are accurate and in line with standard accounting principles (GAAP).

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Reporting unearned revenue: what you need to know

Cube Software

It is important to accurately track and report unearned revenue, so you can properly manage profit margins. An income statement, also called a Profit and Loss statement (or P&L) records revenue and expenses over time. If revenue is improperly recognized, it will report higher profits than actual.

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Profit and loss – get financial insight

Jedox Finance

The profit and loss statement is one of the main parts of the annual statement that companies must prepare at the end of a financial year, along with the cash flow statement and accounting balance sheet. This article discusses influential factors, advantages, and common problems considering the profit and loss statement.

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Twitter 1Q Delivers 69 Pct Growth In Ad Engagements

PYMNTS

Twitter executives said they would continue to focus on security and data privacy throughout 2018. He did not break down how many security-focused employees Twitter plans to hire but predicted that the company will increase its total head count by as much as 15 percent this year.

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How to Comply with Accounting Standards for Nonprofits

The Charity CFO

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. First, nonprofits must follow GAAP, the Generally Accepted Accounting Principles. Another difference is in fund accounting.