FMA gives guidance on non-standard earnings measures for January launch

Mon, 03 Sep 2012

By Paul McBeth Sept. 3 (BusinessDesk) - The Financial Markets Authority has issued a guidance note for companies using non-standard earnings measures when making public announcements. The note on non-Generally Accepted Accounting Principles (GAAP) financial information doesn't replace legal requirements for accounting standards, rather it aims to get some uniformity in the use of alternatives to the statutory profit figure that can be moved about by non-cash items. The market watchdog will start assessing non-standard earnings measures again...

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