Use Of NON -GAAP Financial Measures
- Topics:
- Regulatory issues
- Tags:
- Finance,
- Financial,
- Financial Accounting,
- GAAP,
- non-GAAP,
- Regulation G
- Source:
- The Jenner & Block
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Overview: "On January 22, 2003, the SEC issued new Regulation G, governing public disclosures or releases of material information that include a non-GAAP financial measure. Regulation G requires an issuer to reconcile non-GAAP financial measures, such as EBITDA and certain pro forma financial information, to the most directly comparable GAAP financial measure and present the most directly comparable financial measure calculated in accordance with GAAP. At the same time, the SEC released amendments to several of its existing rules to mandate certain disclosures concerning non-GAAP financial measures contained in SEC filings. In addition to the reconciliation and most directly comparable financial measure presentation required under Regulation G, these amendments require disclosure concerning the purpose for presenting a non-GAAP financial measure and the reasons why the information is useful to investors."
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Format: PDF | Size: 54KB | Date: Jan 2003 | Pages: 5
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