myCPE
myCPE

Non-GAAP Financial Measures - What You Need to Know 2.5 Credits

Non-GAAP Financial Measures - What You Need to Know 2.5 Credits

  • Kelen Camehl

    CPA (US), MBA

  • Rating

    4.4

  • Reviewed on

    February, 2025

  • Subject Area

    Accounting

Learning mode

E-Book
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

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

Course Overview

A non-GAAP financial measure is a numerical measure of a registrant's historical or future financial performance, financial position, or cash flow.

What Drove the Increase in Use of Non-GAAP Financial Measures?

U.S. GAAP can be hard and sometimes difficult to interpret even for seasoned professionals with years of experience. A problem with GAAP is its emphasis on producing a single number, net income, that is supposed to be useful to the company, as well as its investors and creditors. But sophisticated investors don’t care about reported net income. They want to know its components to be able to distinguish operating items from nonoperating items, items that are likely to be recurring and which are likely to be nonrecurring.

This Online CPE course provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, and comment letter analysis from several of the Big 4 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 for these measures to ensure that an entity’s financial statements remain GAAP compliant and are not misleading.

This Accounting CPE course focuses on SEC Compliance & Disclosure Interpretations.  This course also provides illustrative examples of SEC Comment Letters, Prominent presentation, and Tax impacts.

This Online Continuing Education course includes following key topics:

  • What is a Non-GAAP Financial Measure? 
  • Why Do Regulators Care About Non-Financial Measures?
  • What are NOT Non-GAAP Financial Measures?
  • Where Do Non-GAAP Financial Measures Show Up?
  • SEC Compliance & Disclosure Interpretations
  • Regulation

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2.5 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 2.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 2.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 2.5 PL Eligible
Accounting for Certified Government Financial Manager (CGFM) 2.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 2.5 CPE Eligible
Financial accounting for Certified Valuation Analyst (CVA) 2.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 2.5 CPD Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 2.5 CPE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2.5 CPE Eligible
Accounting for CIPM 2.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 2.5 CE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2.5 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 2.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 2.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 2.5 PL Eligible
Accounting for Certified Government Financial Manager (CGFM) 2.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 2.5 CPE Eligible
Financial accounting for Certified Valuation Analyst (CVA) 2.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 2.5 CPD Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 2.5 CPE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2.5 CPE Eligible
Accounting for CIPM 2.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 2.5 CE Eligible

Additional Information

Credits

2.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Author

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".    

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".    

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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JB

Jaymie Burkart, CPA (US)

5

This was a great Ebook. It was pertinent to my job and provided great real-world examples.

GP

Gregory Patton, CPA (US)

5

It was clear and included a number of actual examples.

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