NO.PZ2024030503000090
问题如下：
Question An analyst would most likely conduct additional analysis when faced with which of the following financial presentations?选项：
A.A non-GAAP financial measure that excludes an expense that is likely to recur B.Reporting a non-GAAP financial measure in an SEC filing C.A change from LIFO inventory accounting to FIFO解释：
Solution-
Correct. The exclusion of recurring items from non-GAAP financial measures is strictly prohibited by the SEC and should raise concerns that additional analysis is needed.
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Incorrect. If a company uses non-GAAP measures in its SEC filings, it must display the comparable GAAP measure with equal prominence and provide a reconciliation between the two.
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Incorrect. LIFO reporting provides sufficient information in the Notes to convert from LIFO to FIFO so a formal change should not alter an analyst’s opinion about the company.
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b为什么不用，因为提交的时候已经附带了GAAP的，而且还包括了调整，所以就不需要做额外分析了？ a中去掉了一个可能再发生的，因为不是non-recurring, 所以需要再做一次不去掉的？c inventory的调整，不需要做额外分析？啥意思？
