Non-GAAP Reporting

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 24 in Financial Statements, 2022, pp 403-420 from Springer

Abstract: Abstract By their very nature, non-GAAP metrics are not standard, and therefore can be misleading to financial statement readers. Given that non-GAAP metrics are disclosed in Form 10-Q and Form 10-K, they have become part of the financial statements, merely ignoring them is not the proper answer. Non-GAAP financial measures that include or exclude unusual expenses or gains may provide a misleading financial picture. The Securities and Exchange Commission has recently issued a cautionary release on non-GAAP financial measures, and has proposed rulemaking pursuant to the Sarbanes–Oxley Act.

Keywords: Reserves; Cookie jar reserves; Hidden reserves (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-031-15663-2_24

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