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Quantitative Finance · Glossary

What is Non-GAAP measure?

Definition 1.4 The Desk and the Firm · Chapter 1 — The Economics of a Trading Firm

A non-GAAP measure is a figure of performance or position that a company publishes alongside its statutory accounts but that excludes amounts the accounting standards include, or includes amounts they exclude: adjusted revenue, core profit, adjusted earnings. Securities regulators require it to be labelled, defined and reconciled to the nearest statutory figure.

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