Financial statements created using these principles ... of course) with non-GAAP numbers. For example, one-time costs suddenly become recurring costs. Synergies that were expected don't happen.

These findings, while robust, apply only to governments that issue audited financial statements. When the researchers extrapolated to a broader sample — accounting for governments without accessible ...

The Institute of Chartered Accountants of India is set to implement a new accounting standard requiring companies to classify ...

Under GAAP, companies must apply absorption costing for external financial statements ... Total Units Produced For example, if a company incurs $100,000 in direct materials, $50,000 in direct ...

As a result, non-GAAP financial measures are starting to routinely creep into proxy statements. Most companies long ago became sensitized to the need to reconcile and disclose whenever they use ...

In an Industry Letter, the SEC’s Division of Investment Management stated that insurance companies may file financial statements prepared in accordance with statutory accounting principles permitted ...

Accrual accounting is the preferred approach for companies reporting their financial statements ... GAAP if they require financing or if their accounts are scrutinized by a third party, for ...

but for the 884 districts whose financial statements could be found, 89% (785) were using GAAP. As far as the factors associated with GAAP utilization, GASB found that larger governments (i.e., those ...