GAAP vs. Non-GAAP

GAAP (or IFRS) figures follow accounting standards; non-GAAP ("adjusted") figures exclude items management deems non-recurring or non-operating (stock-based compensation, restructuring). The gap between the two is a standard analyst scrutiny point.

Go deeper

This term comes up constantly in accounting interviews and on the desk.

IB technical questions guide

Related Accounting terms

Go further than reading

The written material is free. These are the ways to get it applied to your own work.

Browse the full glossary — 150+ finance recruiting and technical terms, in plain English.