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The Corp Fin staff has issued a group of revised and new compliance & disclosure interpretations on the use of non-GAAP financial measures. The CDIs are more detailed and expansive...
The Corp Fin staff has issued a group of revised and new compliance & disclosure interpretations on the use of non-GAAP financial measures. The CDIs are more detailed and expansive in...
The lens through which we view a company affects how we measure success. A more complete picture contributes to a more unified understanding of value.
e.g., the new credit losses standard). A key aspect of CECL, according to Bloomberg, is the requirement that businesses “make a ‘reasonable and supportable’ assessment about the future when they tally expected losses. The uncertainty about the coronavirus could throw what they previously thought of as reasonable out of whack.” As noted in this PubCo post, at a meeting of the SEC’s Investor Advisory Committee, a Committee member commented that, in light of the economic conditions resulting from COVID-19, determining impairment of accounts receivable under these conditions could b...