1. Which of the following is an example of a non-GAAP measure of revenue used in financial reporting?
a. AICPA
b. EBITDA
c. DEBITA
d. ETIBD
Solution: EBITDA
Explanation: Example of non-GAAP financial measures include earnings earnings before interest, taxes, depreciation, and amortization (EBITDA), before interest and taxes (EBIT), free cash flows, adjusted revenues, funds from operations, and core earnings.
1. Which of the following is an example of a non-GAAP measure of revenue used in...
Discuss the following regarding non-GAAP financial measures used in publicly held companies’ reports filed with the SEC. Don’t just give a short answer but have a discussion on each question: What is a non-GAAP financial measure? Give an example of at least one non-GAAP financial measure and how it is calculated and how it is used.
Discuss the following regarding non-GAAP financial measures used in publicly held companies’ reports filed with the SEC. Don’t just give a short answer but have a discussion on each question: Discuss how non-GAAP financial reporting has impacted GE.
Discuss the following regarding non-GAAP financial measures used in publicly held companies’ reports filed with the SEC. Don’t just give a short answer but have a discussion on each question: Discuss what the SEC allows and what it does not allow in reporting non-GAAP financial measures used in reports filed with the SEC?
A company provided the following GAAP and non-GAAP information: Income Statement (GAAP) ($ in millions) 2019A Revenue 732 Cost of goods sold (excl. SBC) 149 Gross profit 583 Research & development 121 Other operating expenses 406 Operating profit 56 Interest expense 145 Other expenses 17 Pretax profit (106) Taxes (15) Net income (91) Non-GAAP Operating profit ($ in millions) 2019A GAAP Operating profit 56 Amortization of purchased intangible assets 6 Stock based compensation 51 Restructuring expenses 184 non-GAAP operating profit...
Discuss the following regarding non-GAAP financial measures used in publicly held companies’ reports filed with the SEC. Don’t just give a short answer but have a discussion on each question: What is the auditor’s responsibility in giving their opinions on financial statements that are included in the annual reports filed with the SEC when non-GAAP financial measures are disclosed in these reports?
True or False publicly traded U.S. companies are able to supplement GAAP figures with additional non-GAAP figures they deem necessary. An accrual always occurs when revenue and expenses are recognized and cash is received. Generally accepted accounting principles (GAAP) require related revenues and expenses to be recognized when cash is exchanged. The Financial Accounting Standard Board (FASB) establishes the rules for General Accepted Account Principles (GAAP). Generally Accepted Accounting Principles (GAAP) are a set of accounting rules, standards and financial...
The set of standards used in preparing the historical financial statements, such as GAAP or IFRS, is referred to as a. the applicable financial reporting framework b. Generally Accepted Auditing Standards (GAAS) c. material modifications d. a review of historical financial statements (answer b is incorrect)
er 1 G GAAP includes which of the following pronouncements: Multiple Choice ook int Statements of Financial Accounting Standards. ences Accounting Research Bulletins. О O Accounting Principles Board Opinions. О O All of the above. 252F%252Fude blackboard.com The SEC exerts a continuing influence on the establishment of accounting standards. It does so primarily by Multiple Choice Monitoring the development of GAAP within the accounting profession and using its stature to influence that devel Exercising its statutory authority to prescribe external...
Which measure of cash flow is commonly used to evaluate the change in revenue in revenue and costs? a- Free cash flow to the firm b- Free cash flow to equity c- Cash flow from financing activities d- Cash flow from operating activities
International accounting. I 1.Canadian securities regulations require use of _______. US GAAP Canadian GAAP IFRS US GAAP or Canadian GAAP None of the answers apply 2. In Mexico a company can use_______ for financial reporting. IFRS US GAAP NAFTA US GAAP or IFRS None of the answers apply. 3. The _____ underpins any accounting standards in the United States. SEC FASB AICPA PCAOB None of the answers apply. 4. Rules for filing annual financial statements that are submitted to the...