Investor Uses, Expectations, and Concerns on Non-GAAP Financial Measures

Peters, Sandra J./ Papa, Vincent T.

ISBN 10: 1942713304 / ISBN 13: 9781942713302

Published by CFA Insititute, 2016

About this Item

100 pages. 10.00x8.00x0.24 inches. In Stock.

Seller Inventory # zk1942713304

Bibliographic Details

• Title: Investor Uses, Expectations, and Concerns on Non-GAAP Financial Measures
• Publisher: CFA Insititute
• Publication Date: 2016
• Language: English
• ISBN 10: 1942713304
• ISBN 13: 9781942713302
• Binding: Paperback
• Condition: Brand New
• Weight: 0.28 kilograms

About this title

Synopsis

Non-GAAP financial measures (NGFMs) are a core part of how companies communicate their performance, and they are meant to supplement measures required by accounting standards (e.g., US GAAP/IFRS). Episodes of abuses or misleading NGFMs reporting have recently been a source of popular commentary in media and also led to intense scrutiny from different securities regulators. This publication sheds light on investor uses, expectations, and concerns on NGFMs, informed by a survey of CFA Institute members—mostly buy-side analyst and portfolio manager respondents. In a follow-up publication, we will articulate actions required to improve communication of these measures and enhance the overall performance reporting framework.