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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: May 13, 2022

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:08Introduction to SEC Top Focus Areas: Non GAAP Financial Measures
  7:10What is Non GAAP Financial Measure
  4:34Types of Non Financial GAAP Measures
  4:49Issues with GAAP Measures
  quizREVIEW QUESTIONS
  7:56Regulation G and Regulation S-K
  3:16Regulation S-K and Regulation G Prohibited Disclosures
  6:18SEC Compliance and Disclosure Interpretations
  quizREVIEW QUESTIONS
CONTINUOUS PLAY
  36:10SEC Top Focus Areas: Non GAAP Financial Measures
SUPPORTING MATERIAL
  PDFSlides: SEC Top Focus Areas - Non GAAP Financial Measures
  PDFSEC Top Focus Areas - Non GAAP Financial Measures Glossary/Index
REVIEW AND TEST
 examFINAL EXAM