Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: Tech Companies and Non-GAAP; Tesla CFO Retiring; The Gen X Blues | 06.10.15

Tech Startups Woo Investors With Unconventional Financial Terms — but Do Numbers Add Up? [WSJ]
Plain ol' GAAP "revenue" just won't do. Tech companies prefer things like "billings" or "bookings" or "annual recurring revenue." 

Tesla Motors CFO to Retire This Year [WSJ]
Deepak Ahuja will retire once his replacement is found. You can dream, Elon Musk fanboys!

Target Dividend Statement Appears, Disappears From Website [Bloomberg]
The company told CNBC that "didn’t issue a press release about a dividend increase," which is probably pretty irritating given the company's recent history. 

Letter: Madoff accountant's sentence too light [Lohud]
Ronald from Suffern says David Friehling's sentence of home detention is "contemptible," and "this canary deserves a cage — permanently!"

Gen X Was Right: Reality Really Does Bite [Bloomberg]
A trend consultant named Faith Popcorn (yes, really) says, "6 in 10 boomers and millennials think their generations are special but only one-third of Gen Xers do. You wouldn’t want to be a Gen Xer."

Deloitte Digital Adds Sapient Exec as it Expands Creative Offering [AdAge]
Deloitte's creative digital agency is planning more acquisitions, according to Principal Andy Main. It launched in 2012 and is already one of the country's largest with revenue of $110 million.  

China: Doctors remove 420 kidney stones from patient [BBC]
Not a record, apparently. "In 2009, a doctor in India removed 172,155 stones from a patient's left kidney during a three-hour surgery, according to Guiness World Records."