~/library / gaap-vs-non-gaap-in-60-seconds
GAAP vs non-GAAP explained in 60 seconds, with a Broadcom example
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$ cat guide.md
- The same quarter can produce two different profit numbers, and the difference is not an accounting trick.
- GAAP follows the standard; non-GAAP excludes items management considers non-operational, most often stock-based compensation and acquisition effects.
- Broadcom's reported figures are used to show the size of the gap rather than describe it in the abstract.
- Sixty seconds, because the concept does not need longer once the two numbers are on screen together.