article thumbnail

[05/10/21] Non-GAAP Earnings -Wishful Thinking or Real Profits

Baruch Lev

billion, were almost identical to same – quarter a year earlier, but GAAP (generally accepted accounting principles) earnings—a loss per share of 49 cents—tumbled 126% from a year earlier. most investors regard non-GAAP earnings as more relevant to their decisions than the accounting-based, and largely irrelevant GAAP earnings.

article thumbnail

Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline. Certainly, credit goes to all who are attempting to do something.