This course provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, as well as 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 with respect to these measures to ensure that a company’s financial statements remain GAAP compliant and are not misleading.

Learning Objectives
  • Discover and distinguish between a GAAP and a non-GAAP financial measure.
  • Recognize examples of different types of non-GAAP financial measures.
  • Identify SEC guidance applicable to types of non-GAAP financial measures.
  • Recognize disclosures within the scope of Regulation G and Regulation S-K.
Last updated/reviewed: August 11, 2023
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Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to SEC Top Focus Areas: Non GAAP Financial Measures2:08
  What is Non GAAP Financial Measure7:10
  Types of Non Financial GAAP Measures4:34
  Issues with GAAP Measures4:49
  REVIEW QUESTIONSquiz
  Regulation G and Regulation S-K7:56
  Regulation S-K and Regulation G Prohibited Disclosures3:16
  SEC Compliance and Disclosure Interpretations6:18
  REVIEW QUESTIONSquiz
CONTINUOUS PLAY
  SEC Top Focus Areas: Non GAAP Financial Measures36:10
SUPPORTING MATERIAL
  Slides: SEC Top Focus Areas - Non GAAP Financial MeasuresPDF
  SEC Top Focus Areas - Non GAAP Financial Measures Glossary/IndexPDF
REVIEW AND TEST
 FINAL EXAMexam