1-Hour Program

See Credit Details Below

Overview

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

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

  • Recall the non-GAAP financial measure guidance contained in Regulation G, Regulation S-K Item 10(e), Compliance and Disclosure Interpretations (C&DIs), and the CorpFin Financial Reporting Manual.
  • Outline the key performance indicators and metric guidance provided in Financial Release 87.
  • Apply the non-GAAP and metric guidance by reviewing actual SEC comment letters received by the two company examples presented.
    • Example 1 – Bowlero
    • Example 2 – Brown Foreman
  • Use the list of most frequent SEC non-GAAP financial measures comments to help avoid SEC comments.

Course Overview:

This program will focus on:

  • Review of the SEC’s guidance for the use of non-GAAP measures and metrics:
    • Regulation G
    • Regulation S-K Item 10(e)
    • Compliance and Disclosure Interpretations
    • CorpFin Financial Reporting Manual
    • Financial Release 87 – key performance indicators and metrics
  • Discussion of frequent comment issues for non-GAAP measures
  • Detailed real-world examples of company disclosures and subsequent SEC comments
  • Explanation of the basis for each SEC comment
  • Detailed examples of company responses and follow-on SEC comments
  • Discussion of how to avoid non-GAAP measures and metrics comments

CPE Program Level:  Update 

Intended Audience:  CPAs, accountants, attorneys, and other allied professionals who deal with SEC reporting and disclosure and related accounting issues, including chief financial officers (CFOs), controllers and their staff, internal auditors, partners of public accounting firms and their staff, in-house counsel, and outside attorneys.

Prerequisites:   A basic understanding of the SEC’s non-GAAP requirements.

Advanced Preparation:  None

Instructional Method: QAS Self-Study

Updated: June 2022

Credit Information: 1 CPE credit is available upon completion of this program’s 3 content-review questions and a minimum passing score of 70% on the 5-question final exam.

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Credit Details

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