Using limited data to come as close as possible to an accurate description of how well a company is performing
Using limited data to provide the best looking snapshot of how a company is performing
Exposing every detail of how a company runs its business
Putting lipstick on a pig
Consolidated financial results for all units of a business
An estimate of financial results for a future time period
The latest diet fad
Another term for non-GAAP results
When you want to find a really good bottle of wine
When a company has an unusual, one-time expense and you want to understand the overall health of the company over time
Before an audit
It’s not useful. It’s mainly a way for companies to make their financial results look better than they are
Anything above net profit on an income statement
Anything above EBIT on an income statement
The title of the new Leonardo DiCaprio movie
Anything above gross profit on an income statement
Is the expense spread out over time?
Is this expense silly?
Does the expense directly relate to manufacturing or selling the product or service?
Does the expense belong on the Cash Flow Statement
Cost to host our software with Amazon Web Services (AWS)
Rob Asscherick's new carbon fiber bike wheels
How much cash was used for the stock repurchase program.
The ROI on Mike Hack's robot suits.
Revenues, expenses, and profits for a period of time.
Revenues, expenses, and profits since the company was founded.
When Umberto says so.
When a customer signs an order form (contract)
When product or services are delivered to the customer
At the point of invoice.
When the accounting books are “closed” for the time period
Each and every Friday!
When the invoice is paid
When the related product or service is delivered to the customer
Monthly rent for an offshore data center
Large purchase of equipment for an offshore data center
Salaries for c-level executives
Sales, administrative, and general expenses
Increased sales and decreased gross margin
Decreased selling expenses and decreased gross margin
Increased sales revenue and decreased selling expenses
Increased length of happy hour and decreased wine consumption
Here's an interesting quiz for you.