transcript   Transcript

Non-GAAP Measures and Metrics: Getting it Right

Recorded on: Apr. 1, 2016
Running Time: 01:05:46

Full Transcript:



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CPE credit (NASBA QAS Self-Study) is available by completing and passing the program’s CPE Review & Exam.

Lecture Topics  [01:05:46]

Upon the successful completion of this program, the participant will be able to:

  • Recall the major reasons why companies use non-GAAP measures to report financial performance and cash flow.
  • Outline in detail the SEC’s guidance for the use of non-GAAP measures.
  • Recognize situations in which non-GAAP measures create concerns for regulators and investors.

Course Overview:

This program will focus on:

  • The definition of a non-GAAP measure.
  • Regulations G and S-K Item 10(e).
    • Application
    • Requirements
    • Differences
  • Items that must accompany a non-GAAP measure.
    • In an earnings release
    • In Forms 10-K and 10-Q
  • Results of operations using non-GAAP measures.
    • Liquidity measures
  • Best practices for use of non-GAAP measures and metrics.
  • Frequent SEC comments on the use of non-GAAP measures and metrics.

 

CPE Program Level:

Overview

Intended Audience:

Outside and in-house counsel, accountants, directors, auditors and other allied professionals responsible for public company financial reporting.

Prerequisites:

A general understanding of non-GAAP measures and metrics and their use in public company financial reporting.

Advanced Preparation:

None

Instructional Method:

QAS Self-Study

Updated:

May 2016

Speaker(s)
Carol A Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
George M Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
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