Generally Accepted Accounting Principles

ASML publishes 2020 Annual Reports

Retrieved on: 
Wednesday, February 10, 2021

VELDHOVEN, the Netherlands, February 10, 2021 Today, ASML Holding NV (ASML) has published its 2020 Annual Reports.

Key Points: 
  • VELDHOVEN, the Netherlands, February 10, 2021 Today, ASML Holding NV (ASML) has published its 2020 Annual Reports.
  • ASML will file its 2020 Annual Report based on US GAAP with the US Securities and Exchange Commission (SEC) and its 2020 Annual Report based on IFRS-EU with the Dutch Authority for the Financial Markets (AFM).
  • ASML's Annual Reports are available at www.asml.com where our financial statements can also be downloaded in Excel spreadsheet format.
  • ASML will hold its Annual General Meeting of Shareholders (AGM) in Veldhoven on April 29, 2021.

iAnthus Announces Filing of Amendment and Effectiveness of Form 10 Registration Statement

Retrieved on: 
Friday, February 5, 2021

Following the effective date, iAnthus will be subject to the reporting requirementsof the Exchange Act.

Key Points: 
  • Following the effective date, iAnthus will be subject to the reporting requirementsof the Exchange Act.
  • In addition, the Company is subject to U.S. GAAP reporting requirements with respect to the reports it files with the SEC.
  • iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States.
  • This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

RAVE Restaurant Group, Inc. Reports Second Quarter Financial Results

Retrieved on: 
Friday, February 5, 2021

DALLAS, Feb. 5, 2021 /PRNewswire/ -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the secondquarterended December 27, 2020.

Key Points: 
  • DALLAS, Feb. 5, 2021 /PRNewswire/ -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the secondquarterended December 27, 2020.
  • However, these non-GAAP financial measures should not be viewed as an alternative or substitute for its financial statements prepared in accordance with generally accepted accounting principles.
  • A reconciliation of these non-GAAP financial measures to net income is included with the accompanying financial statements.
  • Founded in 1958, Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] owns, operates, franchises and/or licenses more than 200Pie Five Pizza Co. and Pizza Inn restaurants and Pizza Inn Express kiosks domestically and internationally.

MUFG Bank, Ltd. Announces Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. Under Japanese GAAP for the Nine Months Ended December 31, 2020

Retrieved on: 
Thursday, February 4, 2021

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).

Key Points: 
  • The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).
  • To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.
  • Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the nine months ended December 31, 2020.
  • Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd.

Alan Skelton Named Director of Research and Technical Activities of the Governmental Accounting Standards Board

Retrieved on: 
Friday, January 29, 2021

The Governmental Accounting Standards Board (GASB) today announced the appointment of Alan Skelton to the role of director of research and technical activities.

Key Points: 
  • The Governmental Accounting Standards Board (GASB) today announced the appointment of Alan Skelton to the role of director of research and technical activities.
  • Mr. Skelton has served on the GASBs advisory group, the Governmental Accounting Standards Advisory Council (GASAC), since 2015 and as its vice chair since 2018.
  • Im very pleased to welcome Alan to the GASB to serve as the director of research and technical activities, said GASB Chair Joel Black.
  • Alan shares my passion for the GASBs mission and brings to this role deep technical expertise and practical experience in governmental accounting and financial reporting.

ASML reports €14.0 billion net sales and €3.6 billion net income in 2020

Retrieved on: 
Wednesday, January 20, 2021

ASML is one of the worlds leading manufacturers of chip-making equipment.

Key Points: 
  • ASML is one of the worlds leading manufacturers of chip-making equipment.
  • ASML is a multinational company with offices in more than 60 locations in 16 countries, headquartered in Veldhoven, the Netherlands.
  • The most significant differences between US GAAP and IFRS that affect ASML concern the capitalization of certain product development costs and the accounting of income taxes.
  • ASML will publish its 2020 Annual Report based on US GAAP and its 2020 Annual Report based on IFRS on February10, 2021.

Quanterix Provides Operational and Preliminary Financial Highlights

Retrieved on: 
Wednesday, January 13, 2021

Quanterix Corporation (NASDAQ: QTRX), a company digitizing biomarker analysis to advance the science of precision health, today provided operational and preliminary financial highlights for the fourth quarter and fiscal year ended December 31, 2020.

Key Points: 
  • Quanterix Corporation (NASDAQ: QTRX), a company digitizing biomarker analysis to advance the science of precision health, today provided operational and preliminary financial highlights for the fourth quarter and fiscal year ended December 31, 2020.
  • Quanterix Simoa technology was highlighted in a record 443 new publications in 2020, bringing total Simoa-specific inclusions to over 1,120.
  • This preliminary financial information has not been audited by our independent auditing firm.
  • The non-GAAP financial information presented here should be considered in conjunction with, and not as a substitute for, the financial information presented in accordance with GAAP.

Build-A-Bear Workshop, Inc. Shares Outlook for Fourth Quarter and Fiscal Year 2020 Financial Results

Retrieved on: 
Monday, January 11, 2021

Build-A-Bear Workshop, Inc. (NYSE: BBW) today shared its financial expectations for the fourth quarter and fiscal year 2020, in advance of its planned presentation at the 23rd Annual ICR Conference.

Key Points: 
  • Build-A-Bear Workshop, Inc. (NYSE: BBW) today shared its financial expectations for the fourth quarter and fiscal year 2020, in advance of its planned presentation at the 23rd Annual ICR Conference.
  • For the fiscal 2020 fourth quarter (13 weeks ending January 30, 2021 compared to the 13 weeks ended February 1, 2020), the Company expects:
    Total revenues in the range of $88.0 million to $92.0 million compared to $104.6 million in the fiscal 2019 fourth quarter.
  • The Company noted that it expects to report full results for the fourth quarter and fiscal 2020 year in March, 2021.
  • Note Regarding Non-GAAP Financial Measures:
    In this press release, the Companys financial results are provided both in accordance with generally accepted accounting principles (GAAP) and using certain non-GAAP financial measures.

AmerisourceBergen Announces Updated Fiscal Year 2021 Financial Outlook

Retrieved on: 
Wednesday, January 6, 2021

AmerisourceBergen Corporation (NYSE: ABC) today updated its fiscal year 2021 financial guidance to reflect the Companys continued strong operating income performance.

Key Points: 
  • AmerisourceBergen Corporation (NYSE: ABC) today updated its fiscal year 2021 financial guidance to reflect the Companys continued strong operating income performance.
  • The Company will be participating in upcoming investor discussions in which the updated outlook for fiscal year 2021 will be discussed.
  • All other previously communicated aspects of the Company's fiscal year 2021 financial guidance and assumptions remain the same.
  • This non-GAAP financial measure should be viewed in addition to, and not in lieu of, financial measures calculated in accordance with GAAP.

LeaseCrunch calls on the FASB to not make major changes to lease standard, but identifies two smaller process improvements

Retrieved on: 
Wednesday, December 30, 2020

MILWAUKEE, Dec. 30, 2020 /PRNewswire-PRWeb/ -- LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today asked that the FASB not make large changes to the lease standard but identified two smaller process improvements.

Key Points: 
  • MILWAUKEE, Dec. 30, 2020 /PRNewswire-PRWeb/ -- LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today asked that the FASB not make large changes to the lease standard but identified two smaller process improvements.
  • "Public companies understand the new lease standard now that they have completed their implementations," said LeaseCrunch CEO Ane Ohm.
  • Financial statement users are also gaining comfort in how they understand the impact of the new lease standard on an organization's financial health."
  • LeaseCrunch allows companies to identify policy elections for the leasing standard through templates for both US GAAP and IFRS.