Meet Up: Mind the GAAP Gap
Over the last decade, the number of GAAP adjustments has proliferated among publicly traded companies. At times management teams may employ various levers to hide financial and operational risks. In this presentation, Dan Mahoney, Head of Industrials Research at CFRA, explores the pros and cons of the most frequent adjustments, additional improvements that can be made, and which adjustments may be the most useful to investors. Common non-GAAP adjustments include:
This session provides a robust introduction for those with either a beginner and intermediate level of knowledge of forensic accounting and serves as a great refresher for those with more advanced knowledge.
- Restructuring charges
- Stock-based compensation expense
- Pension adjustments
- Purchase accounting
- Adjustments to various cash flow metrics
Head of Industrials Research, CFRA
Dan Mahoney is the Head of Industrials Research for CFRA. He joined CFRA in 2003 as an analyst covering industrial companies. Prior to joining the company, Dan spent four years with Deloitte & Touche's audit and forensic accounting groups.
Dan holds an MBA from the University of Michigan and a BA in Economics and Accounting from the College of the Holy Cross. He previously served as a representative of the investor community on the Financial Accounting Standards Board's Financial Accounting Standards Advisory Council as well as on the International Accounting Standards Board's Capital Markets Advisory Committee.
Statement on COVID-19 from CFA Society Boston
In light of Governor Baker's new guidance and the World Health Organization's pandemic classification of COVID-19, CFA Society Boston will be suspending all in-person programs, events, town halls and committee meetings for the months of March and April. We are actively working to shift to livestream and webinar formats for these meetings during this time. If you are currently registered for an event or committee meeting, you will receive a separate email regarding next steps pertaining to that program/meeting. We thank you for your cooperation and understanding, and hope that this measure will limit exposure for people who are likely to be highly susceptible to the COVID-19 virus. Please be sure to visit our website https://www.cfaboston.org/CFAB/COVID19_Response
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CE CreditCFA Boston has determined that this event qualifies for 1 CE credit hours under the guidelines of CFA Institute's Continuing Education Program. If you are a CFA Institute member, CE credit for your participation in this event will be automatically recorded in your CE tracking tool.