There is always problems in the non-GAAP world. Why? Lack of transparency. In the recent days, you might have seen an increased focus from SEC on the non-GAAP information. So it comes as no surprise that you hit with the headline in the WSJ “Alibaba Discloses SEC Probe of Its Accounting Practices.” Below is an excerpt
Here are some resources for the getting a better understanding of the non-GAAP. These Compliance & Disclosure Interpretations (“C&DIs”) comprise the Division’s interpretations of the rules and regulations on the use of non-GAAP financial measures. Non-GAAP Financial Measures (SEC Rules) PWC Non-GAAP financial measures Deloitte Heads Up — Top 10 questions to ask when using
Check out the infographic – six ways where companies can actually reduce their financial reporting risks. This will result primarily relating to the non-routine items. Alternative link to view the infographic: View additional comments on this topic:
Here is a brief introduction to XBRL – a video from FASB. This will provide a high-level basics and understanding of what is XBRL and the importance of XBRL. Check out the video by clicking here….
This Health Care Providers Spotlight discusses the new revenue model and highlights key accounting issues and potential challenges for health care providers that account for revenue under U.S. GAAP(June 2014) Read more…
This PwC’s accounting and financial reporting guide provides the fundamental principles of accounting for business combinations and noncontrolling interests under both U.S. generally accepted accounting principles (U.S. GAAP) and International Financial Reporting Standards (IFRS). This guide also includes our perspectives on the application of those principles, as well as our insights on the challenges of accounting
On April 29, 2016, the Council of Institutional Investors (CII) published its new Special Report, Prioritizing Cybersecurity: Five Investor Questions for Portfolio Company Boards that provided the key message that “Effective cybersecurity risk management starts with the board.” To facilitate effective cybersecurity risk oversight by the board, CII has suggested five questions that a board of
This PwC publication provides a broad understanding of the major differences between IFRS and US GAAP, as well as insight into the level of change on the horizon. Click here to get this guide (2015 edition)
Paul Feetham, PwC Accounting Advisory Services, discusses IFRS 15, the Revenue Recognition standard, its impact, and how to overcome implementation challenges. Check out this video here
Here is the link to the EY – Technical Line for the impact on the engineering and construction industries. Read more…..