SEC Top focus Areas: Non-GAAP Financial Measures

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

What is a Non-GAAP financial measure?

4 mins
Example Non-GAAP financial measures

10 mins
Why do regulators care?

17 mins
when does regulation G Not apply?

21 mins
Misleading concerns

31 mins

Course Description

Publicly traded companies as well as some private companies are required to prepare their financial statements under Generally Accepted Accounting Principles (GAAP) such as International Financial Reporting Standards (IFRS). These are a common set of accounting rules, standards, and practices. Among other things, GAAP, such as IFRS, helps make financial statements relevant, reliable, understandable, comparable, and consistent for investors and other stakeholders.

In addition to GAAP, some companies also report alternative financial measures such as “adjusted net income,” “free cash flow” and “adjusted earnings per share”. These are typically referred to as non-GAAP or non-IFRS financial measures and a company must identify them as such. 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 concerning these measures to ensure that a company’s financial statements remain GAAP compliant and are not misleading.

This online CPE Accounting Course provides an overview of Non-GAAP financial measures with a particular emphasis on comments from the SEC, and the FASB, as well as comment letter analysis from several of the Big 4 accounting firms.

Learning Objectives

To distinguish between a GAAP and a non-GAAP financial measure.
To recognize examples of different types of non-GAAP financial measures.
To identify SEC guidance applicable to types of non-GAAP financial measures.
To recognize disclosures within the scope of Regulation G and Regulation S-K.

Recommended For

This online CPE webinar is recommended for CPA, CMA, CIA, QIAL, IAP, CFE, CVA, ABV, CBA/MCBA, CGFM, FPAC, CFA, CIPM, CFF, CFIRS, CWS, and other accounting and attestation practitioners who want to understand Non-GAAP financial measures with a particular emphasis on comments from the SEC.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Bookkeepers & Accountants & Tax Preparers
Certified Public Accountant (CPA)
Chartered Accountant
Chartered Global Management Accountant
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

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

Additional details

Course Level :

Basic
Credits :

1
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

Kelen Camehl CPA

www.linkedin.com/in/kelencamehl

Faq

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