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CITY OF STRONGSVILLE CUYAHOGA COUNTY SINGLE AUDIT FOR THE YEAR ENDED DECEMBER 31, 2004, CITY OF STRONGSVILLE CUYAHOGA COUNTY TABLE OF CONTENTS TITLE PAGE Independent Accountants Report.................................................................................................................
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Non-GAAP basis refers to financial measures that exclude certain items or accounting principles, allowing companies to present their financial results in a manner that may differ from standard GAAP (Generally Accepted Accounting Principles). 'Actual' typically refers to the financial results reported on a GAAP basis.
Companies that choose to report non-GAAP financial measures or provide additional information alongside their GAAP financial statements may be required to file non-GAAP basis and actuals.
Filling out non-GAAP basis and actual typically involves reconciling the non-GAAP measures with the corresponding GAAP measures, explaining the adjustments made, and providing the necessary disclosures as per regulatory guidelines.
The purpose of non-GAAP basis and actual is to provide investors and other users of financial information with additional insights into a company's financial performance and to facilitate comparisons between companies that may utilize different accounting principles.
The information reported on non-GAAP basis and actual should include the reconciliations between non-GAAP measures and their corresponding GAAP measures, explanations of the adjustments made, and any necessary disclosures required by the regulatory authorities.
The deadline to file non-GAAP basis and actual in 2023 may vary depending on the jurisdiction and regulatory requirements. It is advisable to consult the applicable regulatory authority or seek professional guidance to determine the specific deadline.
The penalty for the late filing of non-GAAP basis and actual may vary depending on the specific jurisdiction and regulatory framework. Penalties can range from monetary fines to regulatory sanctions. It is recommended to consult the relevant regulatory authority for accurate penalty information.
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