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Non-GAAP measures continue to draw attention

Scott Taub | May 17, 2016

When I’m not writing this column, I spend most of my professional time helping companies with difficult accounting and reporting questions. At the end of many of these consultations, my client often has one final question: “Can we non-GAAP this?”

In one regard, it’s an easy question. A non-GAAP measure is a measure of financial performance or cash flows computed in a way that isn’t completely in accordance with Generally Accepted Accounting Principles. Generally, non-GAAP measures are derived by making adjustments to a GAAP measure for a specific item. And there are no laws or regulations that prohibit particular items from being adjusted out of a non-GAAP measure. So I...

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