{"id":1669,"date":"2020-02-18T07:25:07","date_gmt":"2020-02-18T12:25:07","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1669"},"modified":"2020-02-18T07:25:07","modified_gmt":"2020-02-18T12:25:07","slug":"an-example-of-disclosing-changes-in-information-presented-outside-the-financial-statements","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/an-example-of-disclosing-changes-in-information-presented-outside-the-financial-statements\/","title":{"rendered":"An Example of Disclosing Changes in Information Presented Outside the Financial Statements"},"content":{"rendered":"<p>In <a href=\"https:\/\/seciblog.pli.edu\/?p=1667\">this post<\/a> we discussed the SEC\u2019s new Release about the use of metrics.\u00a0 One of the points the SEC emphasized in this release was consistency.\u00a0 If a company changes how a metric is computed or changes its presentation to discontinue use of a previously presented metric, it should make appropriate disclosure about the change and the reasons for the change.<\/p>\n<p>This <a href=\"https:\/\/s21.q4cdn.com\/114365585\/files\/doc_financials\/2019\/Q3\/FAQ-on-Adjusted-Revenue-Transition.pdf\">Investor FAQ Document from Square<\/a> provides an example of such a disclosure.\u00a0 While this example is about a non-GAAP measure rather than a pure metric, it is an example of making disclosures about changes in the presentation of information outside the financial statements.<\/p>\n<p>You will see that this document starts with two fundamental questions:<\/p>\n<p style=\"padding-left: 30px;\">What change is being made to Square\u2019s reporting?<\/p>\n<p style=\"padding-left: 30px;\">Why were you using the Adjusted Revenue measure?<\/p>\n<p>While there is no formal standard about such disclosure, it is clearly important to tell investors about such changes in a full and forthright manner.<\/p>\n<p>As always, your thoughts and comments are welcome.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this post we discussed the SEC\u2019s new Release about the use of metrics.\u00a0 One of the points the SEC emphasized in this release was consistency.\u00a0 If a company changes how a metric is computed or changes its presentation to discontinue use of a previously presented metric, it should make appropriate disclosure about the change &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/an-example-of-disclosing-changes-in-information-presented-outside-the-financial-statements\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">An Example of Disclosing Changes in Information Presented Outside the Financial Statements<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[242],"tags":[],"coauthors":[154],"class_list":["post-1669","post","type-post","status-publish","format-standard","hentry","category-reporting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1669"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1669\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1669"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}