Non-GAAP Measures, Metrics & Disclosures Self-Study Webinar

Live Webinar

Self-Study

$99.00

CPE Credits: 1.5 Hours

Topic: SEC Reporting

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Overview

Objective

Emphasis

Overview

While the SEC's non-GAAP measures and metrics have been around for some time, they still cause headaches for businesses when it comes to disclosures and financial statements. In this self-study webinar, we will address how companies are currently applying non-GAAP guidance and metrics, and what can be done in response to SEC comment letters to avoid costly fines and penalties. Topics include:
<ul>
<li>
Non-GAAP measures and KPIs</li>
<li>
SEC guidance and interpretations</li>
<li>
Recent comment letter trends</li>
</ul>

Objective

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

Detailed Learning Objectives

• 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
<div>
 </div>

Emphasis

<ul>
<li>
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</li>
<li>
SEC Staff Guidance 
– SEC Staff C&DI 
   – Misleading 
   – Prominence 
   – Recurring 
   – Business combinations 
   – Segments 
– Disclosures due to changes in KPI calculations</li>
<li>
SEC Comment Letter Trends 
– SEC enforcement actions 
– Other SEC guidance 
– Disclosures and considerations</li>
</ul>

Live Webinar

Self-Study

$99.00

CPE Credits: 1.5 Hours

Topic: SEC Reporting

Add To Cart

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Prerequisite

None

Level of Knowledge

Intermediate

CPE Credit

1.5 Hours

NASBA Field of Study

Accounting