Non – GAAP (Generally Accepted Accounting Principles) Non – GAAP is not a standard one. Necessary adjustments are made for conveying significant information. Securities and Exchange Commission (SEC) issues rules and regulations. Advantages of Non – GAAP include − Provides Quality information. Pro...
Definition of GAAP GAAP is the acronym for generally accepted accounting principles. GAAP consists of the following: Basic underlying accounting principles, assumptions, and concepts such as the cost principle, matching principle, full disclosure principle, and more. Detailed reporting standards and other...
Accrual accounting methods.GAAP uses accrual accounting, which records revenue when a service or good is sold but not when payment is received; direct expenses for goods sold are recorded when a sale is transacted, and indirect expenses are recorded when expenses are paid. Depreciation and capital...
Nonmonetary transactions Subsequent events Industry-specific accounting, such as airlines, extractive activities, and health care The industry-specific accounting that is allowed or required under GAAP may vary substantially from the more generic standards for certain accounting transactions. The FASB has ...
Companies report their earnings according to GAAP, or generally accepted accounting principles, which is the common set of accounting principles that all companies are expected to follow. To get a clearer picture of core operating earnings, some companies also report adjusted, or non-GAAP, earnings...
Non-GAAP是在美国上市公司财务报告中常常出现的一个术语。要理解什么是Non-GAAP,得先知道GAAP的含义。 所谓GAAP,指的是:Generally Accepted Accounting Principles,即:公认会计准则,它由美国的FASB(财务会计准则委员会)制定,包括一套固定的规则和格式,目的是对公司的财务报告进行标准化,以便于投资者和债权人对公司财务...
Definition:GAAP stands for Generally Accepted Accounting Principles. As the name implies, these principles make up the rules and concepts of financial accounting that are generally accepted in the United States. GAAP is the standard in accounting. The entire point of GAAP is to make financial state...
GAAP, not the jeans, is the Generally Accepted Accounting Principles used to guide the accounting system we use today. Although not laws, the GAAP are as close as you can get, and the accounting industry follows a code of ethics that incorporates the use of the GAAP for all subsequent tran...
National income accounting is a government bookkeeping system that measures a country's economic activity. It provides insight into how an economy is performing. Such a system includes total revenues by domestic corporations, wages paid, and sales and income tax data for companies. ...
GAAPnon-GAAP accountingtransparencyfinancial statementsfinancial reportingcorporate governanceReliable financial reporting is essential to the proper functioning of capital markets. Investors rely on reported financials to make investment decisions and tdoi:http://dx.doi.org/David F. Larcker...