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Non-GAAP Financial Measures - What You Need to Know

  • Accountant
  • CPA/ABV
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC

Published: November, 2022

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Constant Currency
  • Free Cash Flow
  • What Drove the Increase in Use of Non-GAAP Financial Measures
  • SEC Final Rule – Conditions for Use of Non-GAAP Financial Measures
  • SEC Final Rule – Discussion of the Definition of Non-GAAP Financial Measures
  • The SEC is Watching

Course Description

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

Learning Objectives

  • 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

Recommended For

  • This Online Accounting CPE course is recommended for CPAs, Accountant, Accounting Firm, Accounting Managers, Accounts Director, Bookkeepers & Accountants & Tax Preparers, Chief Accounting Officer, CPA – Midsize firm, Young CPA, Staff of Accounting Firm and other accounting professionals desiring to upgrade their knowledge regarding Non-GAAP Financial Measures.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2.5 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 2.5 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 2.5 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 2.5 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 2.5 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2.5 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 2.5 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 2.5 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 2.5 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 2.5 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 2.5 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 2.5 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
  • 2.5 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
  • 2.5 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 2.5 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    2.5
  • Instructional Method :
    QAS Self Study
  • 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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Kelen Camehl, CPA (US), MBA

Advisor, Kelen Camehl CPA

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ 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 has also remained involved in CPA exam content development for nearly 10 years and has 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 over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX.  Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment.  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.

About Company


Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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