[startupcfo]

Can a veteran CPA who did it both ways explain the logic behind this? What was it before and what is it now?

AUD - 93
BEC - 87
FAR - 77
REG - 77

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Corporate finance leader

BEC - 87 | 02/28
REG - 70 | 06/10, REMATCH | 08/30
AUD - XX | 09/10
FAR - XX | 12/10

[JeremiahFletcher]

Before you had a high burden of proof to show that its beyond a doubt that it was outside of the ordinary course of business (unusual) and that it would be unexpected irregardless of relationship to the business (infrequent). Now, we don't have extraordinary items.
Presentation wise, it used to be below operating income and presented net of tax, but now because its part of operating income its presented as a part of the normal operating income (or within any line item it is best associated with) and then taxes are handled separately.

AUD - 92
BEC - 89
REG - 86
FAR - 92
One and done!

[Author]

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