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“many companies – including all of the 25 largest US-based nonfinancial companies—are increasingly reporting some form of non-GAAP earnings.”
          -McKinsey & Company-

What is the reason so many companies are using these Non-GAAP metrics? Could it be we now live in a world that every company is so unique that they must use these figures to fully express their financials OR is it a way that companies are diluting their financials to mislead investors? Below you’ll find the perspectives of investors, regulators, and companies to help you further understand the controversial subject of non-GAAP financial metrics.

Continue reading “The Battle Over Non-GAAP Metrics”

Interview with

  • Dr. Progyan Basu, Clinical Professor – Accounting and Information Assurance Department, Robert H. Smith School of Business, University of Maryland.
  • Jason Kardon – Rising senior and scholarship awardee
  • Daniel Klein – Rising senior and scholarship awardee

Interviewed by Srinivas Murty (Srini), Vice President-Product Management, Ez-XBRL Solutions.

Continue reading “Financial Shenanigans and Contexxia”

The issues with tagging for Levels 3 and 4 requirements are varied but not as daunting as some experts have opined. People have bandied around estimates of over 200 hours just for detailed tagging notes (Levels 3 & 4 requirement). Their concerns are understandable but let us look closer at the pieces of the puzzle and see how they can be put together, particularly by putting to use a combination of intelligent heuristic tools and/or processes.

Continue reading “Detailed footnotes – no devils in the details”

Detailed Footnotes in XBRL

The issues with tagging for Levels 3 and 4 requirements are varied but not as daunting as some experts have opined. People have bandied around estimates of over 200 hours just for detailed tagging notes (Levels 3 & 4 requirement). Their concerns are understandable but let us look closer at the pieces of the puzzle and see how they can be put together, particularly by putting to use a combination of intelligent heuristic tools and/or processes.  Continue reading “Detailed Footnotes in XBRL”