|
Featured Papers from Direct Essays
|
|
|
|
|
|
This is a preview of a paper to view the full text you need to signup and login.
|
Hazy ctique
|
|
|
Earnings releases containing non-GAAP, pro forma numbers that are incomplete or misleading can create inconsistencies with companies’ financial statements and confusion for investors. Corporate CPAs, who prepare numbers for earnings releases and external auditors, when asked to review them for their clients, can ensure that reporting remains consistent with or reconcilable to GAAP-based information by following interim Securities and Exchange Commission and Financial Executives International/National Investor Relations Institute guidelines. Hazy financial reporting can jeopardize the credibility of the accounting profession because the public also may associate ambiguous and inaccurate financial information with corporate CPAs and external auditors. Presentation of earnings and results of operations on the basis of methodologies other than Generally Accepted Accounting Principles is referred to as “pro forma” financial information. Pro forma financial reporting is on the rise. The term pro forma refers to “as if” adjustments to financial information. Financial managers initially employed the term to disclose major, nonrecurring events. There’s a right and wrong way in using the pro forma numbers.
|
|
|
To link to this page, copy the following code to your site:
|
|
Paper Information
|
|
|
Title: Hazy ctique
Words: 791
Rating: None
Pages: 3.2
submitted by: hersheys85
If you think this paper shouldn't be here then
|
|
|
|
|
Signup & Login
|
|
|
If you don't currently have a login then Signup here
|
|
|
|
|
Pre-Written Papers
|
|
|
|
|
|
|
|
Custom Papers
|
|
|
|
|
|
|
|
