Research In Motion does a nice job in its earnings release of explaining its adjustments, including the non-GAAP reconciliation recreated above. It is important to note that, starting with the quarter ended Sept. 1, Research In Motion will only report earnings on a GAAP basis. Beware of recur...
After initial recognition, government grants are recognized in profit or loss on a systematic basis that mirrors the manner in which the company recognizes the underlying costs for which the grant is intended to compensate. The following table summarizes the timing of recognition. ...
value only if a has measured based on the fair historically received cash value of revenue from similar payments for such services non barter transactions with and can thus use this historical unrelated parties (parties other experience as a basis for than the barter partner) determining fair ...
Your business will choose one of them as your basis and use it exclusively for day-to-day accounting and tax purposes. Cash Method The cash method reports income when it is actually received (not when an invoice to a client is generated) and expenses when they are paid (not when you ...
GAAP states that revenue can be recognized at fair value only if a company has historically received cash payments for such services and can thus use this historical experience as a basis for determining fair value.Under IFRS, revenue from barter trans 19、actions must be measured based on the...
Sales allowances are discounts provided to customers on a one-off basis because of a quality or service issue. For example, a retailer may offer a customer a discount if she discovers a defect in a piece of the clothing she wants to purchase. Sales allowances are recorded in a contra-...
What Is Cash Basis Accounting? Definition and Guide GAAP vs. IFRS FAQ What is the difference between IFRS and GAAP? GAAP stands for generally accepted accounting principles, which are the generally accepted standards for financial reporting in the United States. IFRS stands for International Financial...
including GAAP EPS from continuing operations of$8.81, up 186 percent from the prior year. GAAP net income of$2.0billion was up 181 percent and GAAP net income margin of 61.2 percent increased 3,940 basis points, in each case primarily due to the$1.2 billionafter-tax gain ...
Under US GAAP, all deferred tax assets (DTAs) are recognized and netted out/offset with a valuation allowance when it is more likely than not (>50%) that the company will not be able to use the DTA. But for IFRS, DTAs are only recognized as assets when probable (>50%), so there ...
2 UK GAAP vs. IFRS The basics Inventories IAS 2 Inventories (‘IAS 2’) and SSAP 9 Stocks and Long-term Contracts (‘SSAP 9’) use the principle that the primary basis of accounting for inventories is cost unless the net realisable value ...