Accounting’s Tower of Babel: Key Considerations in Assessing Non-GAAP Earnings
非GAAP收益报告日益普遍，但缺乏可比性和透明度，可能引发对管理层动机的质疑。本文结合相关研究，提出评估非GAAP收益的关键建议，对投资者和分析师有参考价值。
The increasingly pervasive reporting of non-GAAP earnings poses fundamental challenges for investors and analysts. Non-GAAP earnings lack comparability, and related disclosures lack sufficient transparency to add comparability. In addition, non-GAAP earnings disclosures may raise potentially troubling questions about management’s motivation. We incorporate relevant research in our discussion and conclude with key prescriptions in assessing non-GAAP earnings.