Problems in the non-GAAP world

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

Non-GAAP financial measures (Resources)

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

XBRL basics

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….

Business combinations and noncontrolling interests – PWC 2014 global second edition (Feb 2016)

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

Effective cybersecurity risk management starts with the board

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