To provide finance and accounting professionals with the specialized knowledge they need to apply non-GAAP guidance and metrics to disclosures and financial statements.

SPEAKERS:

Sheri Fabian, National Assurance Partner – SEC Services, BDO
Lisa Habash, National Assurance Senior Manager – SEC Services, BDO

• Overview of Non-GAAP Measures & KPIs
  – Item 303(a)
  – SEC rules
     – Regulation G
     – Form 8-K
  – Regulation S-K 10(e) and Regulation G Requirements
  – Disclosures with respect to non-GAAP measures
• SEC Staff Guidance
  – SEC Staff C&DI
     – Misleading
     – Prominence
     – Recurring
     – Business combinations
     – Segments
  – Disclosures due to changes in KPI calculations
• SEC Comment Letter Trends
  – SEC enforcement actions
  – Other SEC guidance
  – Disclosures and considerations

To provide finance and accounting professionals with the specialized knowledge they need to apply non-GAAP guidance and metrics to disclosures and financial statements.

SPEAKERS:

Sheri Fabian, National Assurance Partner – SEC Services, BDO
Lisa Habash, National Assurance Senior Manager – SEC Services, BDO

• Identify the reconciliation requirements for Non-GAAP financial measures under Regulation G

• Recognize the importance of presenting GAAP measures with equal or greater prominence than Non-GAAP measures

• Understand how the SEC evaluates and addresses potentially misleading Non-GAAP disclosures

• Identify examples of Non-GAAP financial measures, such as EBITDA and Adjusted Operating Margin

• Distinguish GAAP-compliant measures, such as revenue recognized per GAAP, from Non-GAAP measures

• Understand the SEC’s emphasis on consistent application of Non-GAAP measures across reporting periods

• Recognize how adjustments to Non-GAAP measures and KPIs should be disclosed transparently, including explanations of changes between periods

• Understand the SEC’s disclosure requirements for KPIs, including clear definitions, management use, and investor relevance

• Recognize what information is not mandatory, such as comparisons to industry benchmarks

• Identify practices deemed misleading by the SEC, such as excluding non-recurring charges while including non-recurring gains

• Learn the importance of reconciling Non-GAAP measures to the most comparable GAAP measures to enhance investor understanding

• Overview of Non-GAAP Measures & KPIs
  – Item 303(a)
  – SEC rules
     – Regulation G
     – Form 8-K
  – Regulation S-K 10(e) and Regulation G Requirements
  – Disclosures with respect to non-GAAP measures
• SEC Staff Guidance
  – SEC Staff C&DI
     – Misleading
     – Prominence
     – Recurring
     – Business combinations
     – Segments
  – Disclosures due to changes in KPI calculations
• SEC Comment Letter Trends
  – SEC enforcement actions
  – Other SEC guidance
  – Disclosures and considerations