In the hertz fraud, the company tried to explain its use of non-GAAP financial measures by Comparing the validity of the amounts to pre-tax GAAP income.
Non-GAAP profits are an opportunity accounting approach used to measure the income of an organization. Non-GAAP earnings are seasoned forma figures, which exclude "one-time" transactions, such as organizational restructuring.
Non-GAAP earnings are an alternative technique used to measure the profits of an employer. Many companies record non-GAAP income in addition to their earnings as calculated via typically universal accounting concepts (see US GAAP (usually normal Accounting concepts)).
Learn more about Non-GAAP here: https://brainly.com/question/24111147
#SPJ4
