PPT-“The GAP in GAAP”

The IMA Northern Lights Regional Conference April 27 2012 Olen L Greer PhD CMA Professor of Accountancy Heartland Regional Council Professional Education Conference When September 19 and 20 2012. Technical Update. Mark Thomas. , Partner . KPMG LLP. May 19, 2015. Learning Objective:. Be familiar with the new accounting pronouncements and understand its effect to the California State University System financial statements. Liabilities under. US . Generally Accepted Accounting Principles vs. International Financing Reporting Standards. Rebecca Fay. Julia . Makarieva. Brenna Palazzo. The Fundamental Differences. US GAAP. Statutory Accounting. Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . Mark Thomas, Partner, KPMG LLP. Learning . Objective. Be familiar with . certain of the . new accounting pronouncements and understand . the effects on the auxiliary organizations financial . statements. The . information contained on this site may . include company information that does not conform with generally accepted accounting principles (GAAP).  . Management believes the use of these non-GAAP measures are meaningful to investors because they provide insight with respect to operating results of the company and additional metrics for use in comparison to competitors.  These measures should not be viewed as an alternative to GAAP measures of performance.  Furthermore, these measures may not be consistent with similar measures used by other companies.  . Nathanael Bryant. , Financial Systems & Reporting Analyst. Systemwide Financial Standards & Reporting, CO. Learning Objectives. Review requirements for completing capital asset reporting by state fund in Asset Management (AM).  . . . STATE . OF.  . CONNECTICUT. 20x8. . COMPREHENSIVE. ANNUAL. . FINANCIAL. REPORT. Fiscal Year Ended. June 30, 20x8. . Kevin Lembo. State Comptroller. Overview of OSC Requests. . Generally Accepted Accounting Principles. Defined as the set of accepted industry rules, practices and guidelines for financial accounting . Includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements.  . . . STATE . OF.  . CONNECTICUT. 20x8. . COMPREHENSIVE. ANNUAL. . FINANCIAL. REPORT. Fiscal Year Ended. June 30, 20x8. . Kevin Lembo. State Comptroller. Overview of OSC Requests. November 2017. Cautionary Statements Regarding Forward-Looking Information. This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by Exelon Corporation, Exelon Generation Company, LLC, Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company, . Criselle Espiritu, Financial Reporting Analyst SFSR, . Chancellor’s Office. Learning . Objectives. Know the GAAP Accounting and Reporting Manual updates and key changes. Know the changes in the supplementary schedule. 1 RESIDEO ANNOUNCES FIRST QUARTER RESULTS First Quarter Highlights - Net Revenue of $1. 2 b illion , down 3 % year - over - year on a GAAP basis and 2% year - over - year on a constant curren Q4 e March 31 May 2014. . Overview. Current UK financial reporting regime. The current UK financial reporting regime. New UK financial reporting regime. The new standards. FRS 100 The application requirements. FRS 101 Reduced Disclosure Framework.