Accounting standards

Yintech Reports Fourth Quarter and Full Year 2019 Unaudited Financial Results

Retrieved on: 
Tuesday, March 17, 2020
Accounting, Business, Economy, Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, GAAP, Reconciliation, Accounting standards, Financial statements, Financial accounting, Auditing, Financial Accounting Standards Board

"With that, we finished the year of 2019 with solid business and financial growth.

Key Points: 
  • "With that, we finished the year of 2019 with solid business and financial growth.
  • We believe this demonstrates our solid financial position and strong commitment to creating long-term value for our shareholders."
  • The financial results reported in accordance with U.S. GAAP and reconciliation of GAAP to non-GAAP results should be carefully evaluated.
  • The Company utilized the non-GAAP financial results to make financial results comparable period to period and to better understand its historical business operations.

Avino Responds to COVID-19 Related Market Uncertainty

Retrieved on: 
Monday, March 16, 2020
Communication, Forward-looking statement, International Financial Reporting Standards, Business, Economy, Articles, Financial statements, Auditing, Accounting standards

These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable.

Key Points: 
  • These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable.
  • We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
  • We believe that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate our performance.
  • Readers should also refer to our management's discussion and analysis available under our corporate profile at www.sedar.com or on our website at www.avino.com .

FASB Issues Guidance to Assist in Transition Away From Interbank Offered Rates to New Reference Rates

Retrieved on: 
Thursday, March 12, 2020
Banking, Accounting, Professional services, Finance, Economy, Money, Finance, Interest rates, Accounting standards, Banking, United States housing bubble, Financial Accounting Standards Board, Reference rate, Libor, Accounting, Accounting Standards Codification

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update ( ASU ) that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform.

Key Points: 
  • The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update ( ASU ) that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform.
  • This new ASU provides stakeholders with the guidance they need to ease the process of migrating away from LIBOR and other interbank offered rates to new reference rates, said FASB Chairman Russell G. Golden .
  • At the same time, the new guidance will also help reduce transition-related costs, he added.
  • LIBOR and other interbank offered rates are widely used benchmark or reference rates in the United States and globally.

TWC Enterprises Limited Announces 2019 Year End Results and Eligible Cash Dividend

Retrieved on: 
Monday, March 9, 2020
Financial regulation, International Financial Reporting Standards, Accounting standards

TWC uses non-IFRS measures as a benchmark measurement of our own operating results and as a benchmark relative to our competitors.

Key Points: 
  • TWC uses non-IFRS measures as a benchmark measurement of our own operating results and as a benchmark relative to our competitors.
  • We also believe these non-IFRS measures are commonly used by securities analysts, investors and other interested parties to evaluate our financial performance.
  • These measures, which included direct operating expenses and net operating income do not have standardized meaning under IFRS.
  • Consolidated operating revenue decreased 1.4% to $163,641,000 in 2019 from $165,941,000 in 2018 due to the sale of Fontainebleau.

Half of Entities Subject to GASB Standards Have Not Started Lease Accounting Compliance

Retrieved on: 
Wednesday, March 4, 2020
Business, Service industries, United States Generally Accepted Accounting Principles, GASB, Deloitte, Accounting, Accounting standards, Governmental Accounting Standards Board, GASB 45

"It's great to see so many entities ramping-up work in coming months to comply with the GASB lease accounting standard.

Key Points: 
  • "It's great to see so many entities ramping-up work in coming months to comply with the GASB lease accounting standard.
  • Blake Rodgers, Audit & Assurance partner, Deloitte & Touche LLP, added, "Because of the diversity in the volume and complexity of lease portfolios, adoption plans for the lease accounting standard vary between entities subject to GASB standards.
  • Do the leases we have include all the data we'll need to use for lease accounting calculations required by GASB 87?
  • Polled professionals self-identified as working at organizations subject to GASB standards about lease accounting implementation.

John W. Auchincloss Named Executive Director, Financial Accounting Foundation

Retrieved on: 
Thursday, February 27, 2020
Accounting, Professional services, Finance, Accounting, Accounting standards, Business, Economy, Financial Accounting Foundation, Governmental Accounting Standards Board, Financial Accounting Standards Board, GASB, Accounting Standards Board, Financial Reporting Council, Generally Accepted Accounting Principles, Teresa S. Polley

The Board of Trustees of the Financial Accounting Foundation ( FAF ) today announced that it has appointed John W. Auchincloss as the executive director of the Foundation.

Key Points: 
  • The Board of Trustees of the Financial Accounting Foundation ( FAF ) today announced that it has appointed John W. Auchincloss as the executive director of the Foundation.
  • The FAF is the organization that oversees the Financial Accounting Standards Board ( FASB ) and the Governmental Accounting Standards Board ( GASB ).
  • In 2019, following the departure of then-president Terri Polley, he was appointed acting president while a national search was conducted for an executive director of the Foundation.
  • Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

i3 Verticals Reports First Quarter 2020 Financial Results

Retrieved on: 
Monday, February 10, 2020
Communication, Forward-looking statement, Accounting, GAAP, Business, Economy, Auditing, Financial statements, Accounting standards, United States Generally Accepted Accounting Principles

The Company expects these adjustments may have a potentially significant impact on future GAAP financial results.

Key Points: 
  • The Company expects these adjustments may have a potentially significant impact on future GAAP financial results.
  • ET on February11, 2020, through February18, 2020, by dialing (719) 457-0820 and entering Confirmation Code 8962025.
  • It is managements intent to provide non-GAAP financial information to enhance understanding of the Company's consolidated financial information as prepared in accordance with GAAP.
  • Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operations, guidance, plans, objectives, future performance and business.

Corning Reports Fourth-Quarter and Full-Year 2019 Financial Results and Affirms Outlook for Long-Term Growth

Retrieved on: 
Wednesday, January 29, 2020
GAAP, Accounting, Generally Accepted Accounting Practice, Generally Accepted Accounting Principles, Economy, Business, Accounting standards

In Life Sciences, full-year 2019 sales were up 7%, with strong fourth-quarter sales, as the business continued to outpace market growth.

Key Points: 
  • In Life Sciences, full-year 2019 sales were up 7%, with strong fourth-quarter sales, as the business continued to outpace market growth.
  • On Feb. 11, Corning will attend the Goldman Sachs Technology & Internet Conference 2020 in San Francisco.
  • Non-GAAP financial measures are not in accordance with, or an alternative to, U.S.generally accepted accounting principles (GAAP).
  • The company believes presenting non-GAAP financial measures assists in analyzing financial performance without the impact of items that may obscure trends in the companys underlying performance.

Financial Accounting Foundation Announces Search for New Member of Governmental Accounting Standards Board

Retrieved on: 
Thursday, January 23, 2020
Public policy, Government, State, Local, Finance, Public policy, Consulting, Banking, Accounting, Professional services, Accounting standards, Business, Economy, Governmental Accounting Standards Board, Financial Accounting Foundation, Financial Accounting Standards Board, Generally Accepted Accounting Principles, Accounting Standards Board, GASB, Accounting, Governmental accounting, GASB 45, the Financial Accounting Foundation, the Governmental Accounting Standards Board

The Financial Accounting Foundation ( FAF ) today announced it has opened the search for the next member of the Governmental Accounting Standards Board ( GASB ).

Key Points: 
  • The Financial Accounting Foundation ( FAF ) today announced it has opened the search for the next member of the Governmental Accounting Standards Board ( GASB ).
  • A full job description and list of requirements can be found on the Financial Accounting Foundation careers website .
  • Established in 1972, the Financial Accounting Foundation is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
  • Established in 1984, the Governmental Accounting Standards Board is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP).

Joel M. Black Appointed Chair of the Governmental Accounting Standards Board

Retrieved on: 
Tuesday, January 7, 2020
Accounting, Professional services, Finance, Accounting, Accounting standards, Economy of the United States, Business, Financial Accounting Foundation, Governmental Accounting Standards Board, Financial Accounting Standards Board, GASB, Governmental accounting, Accounting Standards Board, Generally Accepted Accounting Principles, GASB 34

The Board of Trustees of the Financial Accounting Foundation ( FAF ) today announced that it has appointed Joel M. Black as the next chair of the Governmental Accounting Standards Board ( GASB ).

Key Points: 
  • The Board of Trustees of the Financial Accounting Foundation ( FAF ) today announced that it has appointed Joel M. Black as the next chair of the Governmental Accounting Standards Board ( GASB ).
  • He was appointed to the GASBs Governmental Accounting Standards Advisory Council (GASAC) in 2019.
  • Joel Black has a longstanding and demonstrated commitment to the mission and work of the GASB and will make an excellent chair, said FAF Chair Kathleen L. Casey .
  • Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).