myCPE
myCPE

SEC Reporting Essentials: Climate Disclosures, Non-GAAP Measures, and MD&A 8 Credits

SEC Reporting Essentials: Climate Disclosures, Non-GAAP Measures, and MD&A 8 Credits

  • Rating

    4.7
  • Published on

    November, 2024
  • 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

  • Recognize the evolution of SEC climate-related disclosures.
  • Identify different types of climate-related risks.
  • Differentiate between Scope 1, 2, and 3 emissions.
  • Explain both qualitative and quantitative climate-related disclosures.
  • Review assurance requirements and compliance dates for various entities.
  • Differentiate between GAAP and non-GAAP financial measures.
  • Recognize key SEC regulations, including Regulation G and S-K, and their relevance to financial disclosures.

Course Overview

As businesses and financial reporting evolve, staying compliant with regulatory changes is more crucial than ever. The Securities and Exchange Commission (SEC) continuously updates its rules to ensure transparency, fairness, and accuracy in financial reporting. For public companies, understanding and adhering to these changes is not just a legal requirement—it's a step towards maintaining investor trust and market stability.

Why Should You Care About SEC Regulations?

If you're responsible for financial reporting or management at a public company, chances are you've encountered the SEC's stringent regulations, particularly around topics like climate-related disclosures, non-GAAP financial measures, and Management’s Discussion and Analysis (MD&A). These are key areas where companies face the most scrutiny, and failure to comply can lead to comment letters from the SEC, impacting your company’s reputation and investor confidence.

This CPE course offers an in-depth dive into three critical SEC regulations that every public company must understand:

  1. Climate-Related Disclosures: The SEC’s final rules on climate disclosures were released on March 6, 2024. Companies are now required to balance transparency with the cost of implementation. What are the essential requirements, and how can businesses prepare for these changes?

  2. Non-GAAP Financial Measures: Companies often use non-GAAP measures to present a clearer picture of financial performance. However, improper use can lead to significant regulatory issues. This chapter explores SEC and FASB compliance requirements, offering insights into common mistakes and how to avoid them.

  3. Management’s Discussion and Analysis (MD&A): The MD&A section is one of the most commonly cited areas in SEC comment letters. Why is it so critical, and how can companies enhance this section to meet SEC expectations? This chapter unpacks the regulatory requirements and common pitfalls companies face in MD&A disclosures.

By the end of this course, you'll gain essential knowledge on these topics, ensuring you are well-equipped to navigate the evolving landscape of SEC regulations, stay compliant, and avoid mistakes in your financial reporting.

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 8 CPE Approved
Certified Internal Auditors (CIA) 8 CPE Eligible
Certified Management Accountants (CMA) 8 CPE Eligible
Chartered Financial Analyst (CFA) 8 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Eligible
Certified Government Financial Manager (CGFM) 8 CPE Eligible
Certified Fraud Examiner (CFE) 8 CPE Eligible
Internal Audit Practitioner (IAP) 8 CPE Eligible
Certified Financial Forensics (CFF) 8 CPD Eligible
Certified Valuation Analyst (CVA) 8 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 8 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 8 CPE Eligible
CIPM 8 PL Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 8 CPE Eligible
Certified FP&A Professional (FP&A) 8 CE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 8 CPE Approved
Certified Internal Auditors (CIA) 8 CPE Eligible
Certified Management Accountants (CMA) 8 CPE Eligible
Chartered Financial Analyst (CFA) 8 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Eligible
Certified Government Financial Manager (CGFM) 8 CPE Eligible
Certified Fraud Examiner (CFE) 8 CPE Eligible
Internal Audit Practitioner (IAP) 8 CPE Eligible
Certified Financial Forensics (CFF) 8 CPD Eligible
Certified Valuation Analyst (CVA) 8 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 8 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 8 CPE Eligible
CIPM 8 PL Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 8 CPE Eligible
Certified FP&A Professional (FP&A) 8 CE Eligible

Additional Information

Credits

8

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.

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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Sohail Butt, CPA (US)
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Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    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 - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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