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 […]
U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk
“There are probably some dangerous things left off the balance sheet still, and we’ll only find out what in the next crisis,” said David Sherman, an accounting professor at Northeastern University in Boston. “But how many times do we have to go through this to figure it all out?” After failing to agree on common standards […]
Facebook prepares for risks and rewards in its future
Management consultant and business expert Peter Cohan does not plan on investing in Facebook stock any time soon. The author of 10 business books, including Capital Rising and Export Now, took a look at the social media network’s filings for its coming share sale, which could value it as high as $100bn, and knew he […]
