GAAP Numbers Profit and Loss 
CFO Talks
NOVEMBER 20, 2024
For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.
Global Finance
MARCH 2, 2025
If we think about it, a managerif facing pressure to beat an analyst forecast, or beat last years earnings, or wanting a particular bonushas enough flexibility in the accounting rules to manage those numbers while staying within the rules. You manage your numbers. So, how are we going to track the slippery slope? Horton: Heres one.
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Jedox Finance
OCTOBER 6, 2022
The profit and loss statement is one of the main parts of the annual statement that companies must prepare at the end of a financial year, along with the cash flow statement and accounting balance sheet. This article discusses influential factors, advantages, and common problems considering the profit and loss statement.
The Charity CFO
JANUARY 17, 2022
The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. . How it works in real-life: Let’s say you host a fundraiser in September that generates a significant number of donations. You would show a large “gain” in September and large “losses” in October and November.
The Charity CFO
FEBRUARY 25, 2022
In a nonprofit’s Chart of Accounts, each account is identified in four ways: number, name, category type, and a short description. But the first two, number and name, determine the overall structure and organization of accounts and subaccounts. Those number and name conventions are as follows: . Assets-1000s. Equity-3000s.
PYMNTS
FEBRUARY 6, 2020
The ride-hailing giant, extending its platform model into adjacent businesses such as freight and food delivery, is aiming to deliver a profit earlier than might have been anticipated — as in, the end of this year. billion, representing a 42 percent gain, and that number was in line with expectations. Adjusted revenues were $3.7
PYMNTS
MAY 1, 2017
Take a look at how enterprise cloud adoption, continued use of checks and other factors are swaying the numbers for these companies. But net losses were up for the rim to $6.6 Core net income was also down, while GAAP net loss per share hit $0.17, compared to $0.11 million — compared to $4.2
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