Using Non-GAAP Measures and Metrics to Explain the Impact of COVID-19 – A Year-End and Quarter 4 Update

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:

• Recognize the SEC’s non-GAAP measure guidance and specific COVID-19-related issues.
• Describe COVID-19-related non-GAAP measures and metrics reported by companies.
• Recall SEC comments and enforcement cases concerning the use of COVID-19-related non-GAAP measures, as well as alternatives to non-GAAP measures and metrics to explain the impact of COVID-19.

  Course Overview:

  This program will focus on:

• The SEC’s non-GAAP measure guidance and specific COVID-19-related issues.
• COVID-19-related non-GAAP measures and metrics reported by companies.
• SEC comments regarding 2020 Quarter 3 company reporting.
• Alternatives to non-GAAP measures and metrics to explain the impact of COVID-19.

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 in-house counsel, outside attorneys, chief financial officers (CFOs), controllers and their staff, internal auditors, and partners of public accounting firms and their staff. 

Prerequisites:  None 

Advanced Preparation:  A general understanding of the SEC’s guidance regarding non-GAAP measures and metrics, and specific COVID-19- related issues.

Instructional Method:  QAS Self-Study

Updated:  February 2021

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.