MYCPE ONE

Normalizing EBITDA: Adjustments & Operational Performance 1 Credit

Normalizing EBITDA: Adjustments & Operational Performance 1 Credit

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On Demand
  • Access the course at your convenience
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  • Attend the live interactive session
  • Answer the polling questions
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Learning Objectives

  • Explain the purpose of EBITDA normalization and its role in evaluating operating performance.
  • Identify common EBITDA adjustments and distinguish potentially recurring costs from legitimate one-time items.
  • Analyze stock-based compensation, restructuring, integration, strategic initiative, and pro forma M&A add-backs for consistency and support.
  • Assess adjusted EBITDA presentations for transparency, documentation, recurring exclusions, projected synergies, and other red flags.

Course Overview

Adjusted or normalized EBITDA is widely used to present a clearer view of sustainable operating performance, yet every adjustment introduces judgment. When recurring costs are repeatedly labeled as one-time items, or projected synergies are treated as if already realized, normalized EBITDA can become less transparent rather than more informative.

This course examines how EBITDA normalization works and how professionals can evaluate common adjustments responsibly. Participants will review EBITDA fundamentals; analyze one-time versus recurring expenses; assess common add-backs such as restructuring costs, stock-based compensation, integration expenses, and strategic initiatives; and consider pro forma adjustments used in mergers and acquisitions. The course also addresses transparency, reconciliation to GAAP metrics, consistency in presentation, and red flags that may indicate aggressive normalization.

Major Topic:

  • EBITDA fundamentals and operating profitability
  • Purpose and rationale for EBITDA normalization
  • One-time versus recurring expense analysis
  • Common EBITDA add-backs and adjustments
  • Pro forma adjustments in mergers and acquisitions
  • Non-GAAP disclosures and normalization red flags

Through practical scenarios and a structured review framework, participants will learn to challenge whether an adjustment is genuinely non-recurring, determine whether it has appeared in prior periods, and assess whether it reflects normal operations. The goal is to help professionals interpret adjusted EBITDA with greater discipline so that valuation, covenant, risk, and performance decisions better reflect economic reality.

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On Demand Credits for All Qualifications

License details Credits Status
Finance for Certified Public Accountants (CPA-US) 1 CPE Approved
Finance for Chartered Professional Accountant in Canada 1 CPD Eligible
Corporate Finance for Certified Management Accountants (CMA) 1 CE Eligible
Finance for Chartered Global Management Accountants (CGMA) 1 CE Eligible
Financial Statement Analysis for Chartered Financial Analyst (CFA) 1 PL Eligible
Financial planning or analysis for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Finance for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Financial Planning and Analysis for Certified Treasury Professional (CTP) 1 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 1 CPE Eligible
Chartered Accountant - ICAEW 1 CPE Eligible
General finance principles and financial concepts for Certified FP&A Professional (FP&A) 1 CPE Eligible
Finance for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Finance for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
Financial Statement Analysis for Certificate in Investment Performance Measurement (CIPM) 1 PL Eligible
Chartered Accountants - Scotland 1 CPE Eligible
Chartered Accountants - Ireland (CAI) 1 CPE Eligible

Additional Information

Credit

1

Course Level

Intermediate

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

MY-CPE LLC 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 through its website: www.nasbaregistry.org. (MY-CPE LLC 1600 Highway 6 South, Suite 250, Sugar Land, TX 77478, Email: support@my-cpe.com, Phone: 646-688-2884)

Take your valuation expertise to the next level with MYCPE ONE’s CTP CE Courses, designed specifically for Certified Treasury Professionals. Our courses go beyond meeting your CPE requirements—they’re crafted to deepen your skills and expand your understanding. With a wide range of engaging topics, we ensure you stay ahead in the ever-evolving world of valuation. Strengthen your knowledge and stay competitive with MYCPE ONE by your side!

About Instructor

Justin Muscolino

Justin Muscolino | MBA

Owner, Justin Muscolino

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 Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. He has served as Head of Compliance Training at Bank of China, Macquarie Group’s Head of Americas Compliance Training and JPMorgan Chase’s Compliance Training Manager.Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.

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. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

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 accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

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 professional organizations 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.

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Normalizing EBITDA: Adjustments & Operational Performance

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