Accounting standards

Conformis Reports Second Quarter 2021 Financial Results

Retrieved on: 
Wednesday, August 4, 2021
Accounting, Financial services, Accounting standards, Business economics, GAAP, Generally Accepted Accounting Principles, Generally Accepted Accounting Practice, BAS, United States Generally Accepted Accounting Principles

Conformis Hip System revenue of $0.9 million for the second quarter of 2021 was up 62% year-over-year and increased 38% from the first quarter of 2021.

Key Points: 
  • Conformis Hip System revenue of $0.9 million for the second quarter of 2021 was up 62% year-over-year and increased 38% from the first quarter of 2021.
  • Product Revenue compared to the second quarter of 2019 was down 21%, a sequential improvement from the 33% decline in the first quarter.
  • Total gross profit increased $36.5 million to $47.5 million, or 84% of revenue, in the second quarter of 2021, compared to $11.0 million, or 57% of revenue, in the second quarter of 2020.
  • In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides certain information regarding the Company's financial results or projected financial results on a non-GAAP "constant currency basis."

Gartner Reports Second Quarter 2021 Financial Results

Retrieved on: 
Tuesday, August 3, 2021
Technology, Data management, Other Technology, Accounting, GAAP, Generally Accepted Accounting Principles, Generally Accepted Accounting Practice, Financial services, Business, Accounting standards, United States Generally Accepted Accounting Principles, Available for sale, Governmental Accounting Standards Board

Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.

Key Points: 
  • Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.
  • Definitions of these non-GAAP financial measures are included in this Press Release under Non-GAAP Financial Measures and the related reconciliations are under Supplemental Information Non-GAAP Reconciliations.
  • Gartner, Inc. (NYSE: IT) is the worlds leading research and advisory company and a member of the S&P 500.
  • Certain financial measures used in this Press Release are not defined by U.S. generally accepted accounting principles (GAAP) and as such are considered non-GAAP financial measures.

Facebook Reports Second Quarter 2021 Results

Retrieved on: 
Wednesday, July 28, 2021
Financial services, Accounting, GAAP, Reconciliation, Business, United States Generally Accepted Accounting Principles, Accounting standards, Financial statements

Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended June30, 2021.

Key Points: 
  • Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended June30, 2021.
  • Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.
  • We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures.
  • For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the "Reconciliation of GAAP to Non-GAAP Results" table in this press release.

Via Appoints Former Goldman Sachs Chief Accounting Officer to Board of Directors

Retrieved on: 
Wednesday, July 21, 2021
Accounting, Accounting standards, Financial services, Business, Financial Accounting Foundation, Financial Accounting Standards Board, GASB, Governmental Accounting Standards Board, Governmental accounting, Generally Accepted Accounting Principles, Teresa S. Polley

NEW YORK, July 21, 2021 /PRNewswire/ -- Via, the global leader in TransitTech, today announces that Sarah Smith has been appointed as an independent member of its board of directors to chair the Audit Committee. Smith is a former member of the Management Committee of Goldman Sachs where she served as Chief Accounting Officer, Controller, and Chief Compliance Officer.  She also serves as a member of the Board of Trustees of the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), and previously served on the US Treasury Department's Advisory Committee on the Auditing Industry. Smith is a Fellow of the Institute of Chartered Accountants in England and Wales.

Key Points: 
  • Smith is a former member of the Management Committee of Goldman Sachs where she served as Chief Accounting Officer, Controller, and Chief Compliance Officer.
  • She also serves as a member of the Board of Trustees of the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), and previously served on the US Treasury Department's Advisory Committee on the Auditing Industry.
  • "We are absolutely thrilled to welcome Sarah to our Board," said co-founder and CEO Daniel Ramot.
  • "I'm delighted to join the board of a company that has built transformative technology and has such an incredible mission.

Via Appoints Former Goldman Sachs Chief Accounting Officer to Board of Directors

Retrieved on: 
Wednesday, July 21, 2021
Accounting, Accounting standards, Financial services, Business, Financial Accounting Foundation, Financial Accounting Standards Board, GASB, Governmental Accounting Standards Board, Governmental accounting, Generally Accepted Accounting Principles, Teresa S. Polley

Sarah Smith joins board of leading TransitTech company to chair the Audit Committee

Key Points: 
  • Smith is a former member of the Management Committee of Goldman Sachs where she served as Chief Accounting Officer, Controller, and Chief Compliance Officer.
  • She also serves as a member of the Board of Trustees of the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), and previously served on the US Treasury Department's Advisory Committee on the Auditing Industry.
  • "We are absolutely thrilled to welcome Sarah to our Board," said co-founder and CEO Daniel Ramot.
  • "I'm delighted to join the board of a company that has built transformative technology and has such an incredible mission.

2 Days Course - Financial Accounting & Reporting Update: November 17-18, 2021 - ResearchAndMarkets.com

Retrieved on: 
Monday, July 19, 2021
Other Professional Services, Accounting, Professional services, Finance, Accounting, Financial accounting, Financial services, Accounting standards, Accounting scholarship, Financial Accounting Standards Board, Integrated reporting

The "Financial Accounting & Reporting Update" conference has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Financial Accounting & Reporting Update" conference has been added to ResearchAndMarkets.com's offering.
  • We are seeing an unprecedented level of major accounting changes from US and international standard-setters.
  • This conference will address the latest developments in key areas.
  • Experts from the Big Four and regional firms will lead the discussion.

FASB Stakeholders Invited to Share Their Views on Future Agenda Priorities

Retrieved on: 
Thursday, June 24, 2021
Consulting, Banking, Professional services, Finance, Accounting, Accounting standards, Business, Economy, Financial Accounting Standards Board, Accounting Standards Board, ITC Limited, Generally Accepted Accounting Principles

The Financial Accounting Standards Board ( FASB ) today published an Invitation to Comment (ITC) that gives stakeholders the opportunity to provide feedback on its future standard-setting agenda.

Key Points: 
  • The Financial Accounting Standards Board ( FASB ) today published an Invitation to Comment (ITC) that gives stakeholders the opportunity to provide feedback on its future standard-setting agenda.
  • The ITC is a FASB staff document; it does not include Board views.
  • Rather, it is intended to solicit broad stakeholder feedback on what the FASBs future agenda priorities should be.
  • The Board will consider the feedback received from the ITC when making any changes to its agenda.

GSX Techedu Announces First Quarter of 2021 Unaudited Financial Results

Retrieved on: 
Wednesday, May 26, 2021
Accounting standards, Accounting, Bas, GAAP, Financial services, GAAP, Net operating loss, Business economics

See "About Non-GAAP Financial Measures" and "Reconciliations of non-GAAP measures to the most comparable GAAP measures" elsewhere in this press release.

Key Points: 
  • See "About Non-GAAP Financial Measures" and "Reconciliations of non-GAAP measures to the most comparable GAAP measures" elsewhere in this press release.
  • The net revenues in the first quarter of 2021 was partially attributable to the paid course enrollments of the fourth quarter of 2020.
  • Basic and diluted net loss per ADS were RMB5.58 and RMB5.58, respectively, in the first quarter of 2021.
  • Non-GAAP basic and diluted net loss per ADS, were RMB5.20 and RMB5.20, respectively, in the first quarter of 2021.

KnowBe4 Announces First Quarter 2021 Financial Results

Retrieved on: 
Wednesday, May 19, 2021
Money, Economy, Accounting, Accounting standards, Intangible assets, Bas, Asset, GAAP, Earnings before interest, taxes, depreciation and amortization, International Financial Reporting Standards

However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP.

Key Points: 
  • However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP.
  • Other companies, including companies in our industry, may calculate similarly-titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.
  • A reconciliation is provided below for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP.
  • Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business.\nWe define non-GAAP operating income (loss) as GAAP operating income (loss) excluding stock-based compensation expense, amortization of acquired intangible assets and acquisition and integration related costs.

Synopsys Posts Financial Results for Second Quarter Fiscal Year 2021

Retrieved on: 
Wednesday, May 19, 2021
Accounting standards, GAAP, Bas

A live webcast of the call will be available on Synopsys' corporate website at www.synopsys.com .

Key Points: 
  • A live webcast of the call will be available on Synopsys' corporate website at www.synopsys.com .
  • Accordingly, Synopsys presents non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate Synopsys' operating results in a manner that focuses on what Synopsys believes to be its core business operations and what Synopsys uses to evaluate its business operations and for internal planning and forecasting purposes.
  • Synopsys' management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.
  • Based upon our review, our projected normalized annual non-GAAP tax rate remains 16% through fiscal year 2021.\nWhenever Synopsys uses a non-GAAP financial measure, it provides a reconciliation of the non-GAAP financial measure to the most closely applicable GAAP financial measure.