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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. A pro forma invoice is not a type of pro forma financial statement.

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Kohl's Reduces Corporate Workforce By Approximately 15 Pct

PYMNTS

Together with the Company’s February 2020 restructuring actions, the Company expects expense savings generated from these actions of more than $100 million on an annualized basis,” the company said in the filing. Kohl’s reported a $39 million adjusted non-GAAP net loss on net sales of $3.21

GAAP 52
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Nonprofit Accounting Services: The Right Solution

The Charity CFO

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. A certified accountant with experience in nonprofits will help you: Maintain a detailed GAAP-compliant chart of accounts. Restructure your business model or operations.

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Groupon Reports Wider Q2 Loss As It Focuses On Evolving Business Model

PYMNTS

Groupon reported a wider-than-expected loss during the second quarter, as it continued its efforts to restructure its core voucher-based business model and expand its international business. The company reported non-GAAP earnings of $10.7 million, or two cents a share, compared with $12 million in the year-ago quarter.

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975: Turning the Tide at Beachbody | Marc Suidan, CFO, The Beachbody Company

CFO Thought Leader

As a seasoned advisor to management, Suidan had contributed shareholder insights to the turnarounds and restructurings of dozens of businesses. However, for Suidan—a 17-year PwC veteran—Beachbody was without a doubt an enticing challenge.

CFO 52
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Musings on Markets: Data Update 5 for 2022: The Bottom Line!

CFO News Room

IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard). To the extent that accountants mis-categorize expenses like leases and R&D, returns can be skewed, as can restructuring and one-time charges. The numbers yield interesting insights. .

Marketing 130
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Data Update 5 for 2022: The Bottom Line!

Musings on Markets

IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard). To the extent that accountants mis-categorize expenses like leases and R&D, returns can be skewed, as can restructuring and one-time charges. The numbers yield interesting insights.