Hi Victor & Rusmin,
When reading the Annual Reports of US companies, I always come across this GAAP & Non-GAAP earnings.
I understand that it is their US accounting rules but for the purpose of analysing the financials of the company, which should we follow?
Personally, I will always collect the GAAP financials number but I will also take note of Non-GAAP earnings for some companies. It depend on your understanding of the company, if you think that the non-gaap give a better picture of the company then use it. In most cases, I used the Gaap.
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