February 9, 2024
Marcum advisory partner Kirsten Ulzheimer writes about Non-GAAP financial disclosures for The Legal Intelligencer
The Legal Intelligencer
By Kirsten Ulzheimer, CPA, CFE, CFF, Partner, Valuation, Forensic & Litigation Services
Excerpt:
Financial statements are one mechanism in which to provide insight into a company’s financial health. However, management may not be satisfied that this information clearly reflects their business, including how it is run. Therefore, to supplement financial statements, management may provide another view of their company by disclosing alternative financial measures. This alternative information cannot be used to distort reality and must be presented in accordance with specific rules and guidelines.
