01—Abstract
Summary
Summary of the 8-K filed September 27, 2012. Cited figures are marked; the original filing is the authoritative source.
Accenture plc (ACN) filed an 8-K on September 27, 2012, to announce its financial results for the fourth quarter and full fiscal year ended August 31, 2012.
The filing primarily references a press release (Exhibit 99) containing these results. Investors should note that the press release includes non-GAAP financial measures such as free cash flow and net revenue changes excluding foreign currency fluctuations, which Accenture's management believes offer valuable insights into the company's liquidity and operational performance.
While these non-GAAP metrics are presented as supplemental to U.S. GAAP, they are intended to provide a more meaningful comparison of performance by removing the impact of capital expenditures and currency exchange rate volatility. Investors are encouraged to review the full press release for detailed reconciliations between GAAP and non-GAAP figures to gain a comprehensive understanding of Accenture's financial condition.
02—Key points
Key Highlights
- Accenture announced its Q4 and full fiscal year 2012 financial results on September 27, 2012.
- The filing references a press release (Exhibit 99) containing the detailed financial results.
- Non-GAAP financial measures are included in the press release for enhanced investor understanding.
- Key non-GAAP metrics disclosed include free cash flow and net revenue changes excluding foreign currency impacts.
- Management believes these non-GAAP measures provide meaningful insights into liquidity and operational performance.
- Reconciliations between GAAP and non-GAAP measures are available within the press release.
- The information provided is furnished, not filed, meaning it is for informational purposes and not subject to formal SEC review in the same way as filed reports.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to announce Accenture's financial results for its fourth quarter and full fiscal year ended August 31, 2012, by referencing an accompanying press release (Exhibit 99).
What non-GAAP financial measures are disclosed by Accenture?
Accenture discloses non-GAAP financial measures including free cash flow (operating cash flow less property and equipment additions) and percentage changes in net revenues on a local currency basis, excluding the impact of foreign currency exchange rate fluctuations.
Why does Accenture provide non-GAAP financial information?
Accenture's management believes that these non-GAAP financial measures provide meaningful additional information regarding the company's liquidity and facilitate a more meaningful comparison of its net revenues by excluding the effects of foreign currency exchange rate fluctuations.
Where can I find the detailed financial results and reconciliations?
The detailed financial results and reconciliations between GAAP and non-GAAP financial measures are provided in the press release, attached as Exhibit 99 to this 8-K filing.
04—Continue