David Sherman Professor of Accounting h.sherman@neu.edu 617.851.8345 Expertise Facebook IPO, financial literacy issues facing corporate management in global businesses, financial reporting, financial services, methods to improve productivity in health care, other service organizations, performance measurement/management David Sherman in the Press SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures The inquiries could prompt more companies’ audit committees to more closely review non-GAAP disclosures to ensure the rationale behind the measures are thoroughly explained before filing with the SEC, said H. David Sherman, an accounting professor at Northeastern University and former SEC academic fellow. Where financial reporting still falls short In a perfect world, investors, board members, and executives would have full confidence in companies’ financial statements. They could rely on the numbers to make intelligent estimates of the magnitude, timing, and uncertainty of future cash flows and to judge whether the resulting estimate of value was fairly represented in the current stock price. And […] David Sherman for Northeastern Global News 3Qs: Figuring out Facebook’s financials 3Qs: Figuring out Facebook’s financials Following much anticipation, Facebook filed for an initial public offering (IPO) after U.S. markets closed on Wednesday. We asked David Sherman, professor of accounting in the College of Business Administration, to analyze Facebook’s IPO prospectus and explain what it reveals.
SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures The inquiries could prompt more companies’ audit committees to more closely review non-GAAP disclosures to ensure the rationale behind the measures are thoroughly explained before filing with the SEC, said H. David Sherman, an accounting professor at Northeastern University and former SEC academic fellow.
Where financial reporting still falls short In a perfect world, investors, board members, and executives would have full confidence in companies’ financial statements. They could rely on the numbers to make intelligent estimates of the magnitude, timing, and uncertainty of future cash flows and to judge whether the resulting estimate of value was fairly represented in the current stock price. And […]