Event Description

This course provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, as well as comment letter analysis from several of the Big Four accounting firms. Non-GAAP financial measures continue to rank at the top of the most frequent comment letters issued by the SEC. As a result, it’s important to understand the guidance with respect to these measures to ensure that an entity’s financial statements remain GAAP compliant and are not misleading.

Designed For

CPAs in need of a review of non-GAAP financial measures with an emphasis on comments from the SEC and FASB, as well as comment letter analysis from some of the Big Four accounting firms.

Objectives

Differentiate between a GAAP financial measure and a non-GAAP financial measure Recognize examples of different types of non-GAAP financial measures Identify which SEC guidance is applicable to different types of non-GAAP financial measures Recognize disclosures within the scope of Regulation G Identify key requirements included within both Regulation G and Regulation S-K related to these measures

Major Subjects

Comment letter analysis from several Big Four accounting firms Non-GAAP financial measures Comments from the SEC and FASB

Prerequisites

None

Instructions

None