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Non-GAAP Reporting

In: Financial Statements

Author

Listed:
  • Felix I. Lessambo

    (Fordham University)

Abstract

By their very nature, non-GAAP metrics are not standard, and therefore can be misleading to financial statement readers. Given that non-GAAP metrics are disclosed in Form 10-Q and Form 10-K, they have become part of the financial statements, merely ignoring them is not the proper answer. Non-GAAP financial measures that include or exclude unusual expenses or gains may provide a misleading financial picture. The Securities and Exchange Commission has recently issued a cautionary release on non-GAAP financial measures, and has proposed rulemaking pursuant to the Sarbanes–Oxley Act.

Suggested Citation

  • Felix I. Lessambo, 2022. "Non-GAAP Reporting," Springer Books, in: Financial Statements, edition 2, chapter 0, pages 403-420, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-15663-2_24
    DOI: 10.1007/978-3-031-15663-2_24
    as

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