Facebook Marketing For Dummies, 4th edition

... accepted accounting principles (GAAP) favor presenting comparative financial statements for two or more years, but I’ve seen financial reports of private businesses that not present information for ... net of income taxes ($20,000,000) Earnings before cumulative effect of changes in accounting principles $247,000,000 Cumulative effect of changes in accounting principles, net of income taxes ($456,000,000) ... during the year for the business example I introduce in Chapter Notice the middle three columns in Figure 5-1, for each of the three basic types of activities of a business One column is for changes...