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SEC Hot Topics - MDandA and Non-GAAP Financial Measures (Course Id 2027)

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Author : Kelen Camehl, CPA, MBA
Course Length : Pages: 51 ||| Word Count: 32,593 ||| Review Questions: 16 ||| Final Exam Questions: 25
CPE Credits : 5.0
IRS Credits : 0
Price : $44.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2027

Description :

This course provides an overview of two of the most popular SEC topics which result in comment letters from the SEC.  This includes a discussion of management’s discussion and analysis (MD&A) as well as Non-GAAP Financial Measures.  These two areas consistently rank in the Top 10 for the most frequent comment letters issued to public companies by the SEC.    

Usage Rank : 0
Release : 2022
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 25-Jun-2022
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 2027

Keywords : Accounting, SEC, Hot, Topics, MDandA, Non-GAAP, Financial, Measures, cpe, cpa, online course
Learning Objectives :

Chapter 1
Management’s Discussion & Analysis

Upon completion of this chapter, you will be able to:
  • Identify the SEC Regulation applicable to MD&A
  • Recognize the primary objective and focus areas related to MD&A
  • Identify key information that should be included within a company’s MD&A
  • Recognize the types of transactions that should be discussed in MD&A
  • Identify methods to enhance the presentation of MD&A

Chapter 2
Non-GAAP Financial Measures

Upon completion of this chapter, you will be able to:
  • Differentiate between a GAAP financial measure and a non-GAAP financial measure
  • Recognize examples of different types of non-GAAP financial measures
  • Identify which SEC guidance is applicable to different types of non-GAAP financial measures
  • Recognize disclosures within the scope of Regulation G
  • Identify key requirements included within both Regulation G and Regulation S-K related to these measures
Course Contents :

Chapter 1 - Management’s Discussion & Analysis

Chapter Learning Objectives

Introduction

Where Do I Go For Guidance?

Objective of MD&A

Item 303 – Full Fiscal Year Requirements

Item 303 – Liquidity and Capital Resources

Item 303 – Liquidity and Capital Resources – Illustrative Examples

Review Questions

Item 303 – Results of Operations

Item 303 – Results of Operations – Illustrative Examples

Review Questions

Item 303 – Critical Accounting Estimates

Item 303 – Critical Accounting Estimates – Illustrative Examples

Item 303 – Interim Reporting Requirements

Item 303 – Interim Reporting Requirements – Illustrative Examples

SEC Views – How to Improve MD&A

Big 4 Views – Comment Letter Analysis on MD&A

Summary

Review Questions

 

Chapter 2 - Non-GAAP Financial Measures

Chapter Learning Objectives

Introduction

What is a Non-GAAP Financial Measure?

Examples of Non-GAAP Financial Measures

Where Do Non-GAAP Financial Measures Show Up?

Review Questions

What Drove the Increase in Use of Non-GAAP Financial Measures

Why Do Regulators Care About Non-Financial Measures?

Where Do I Look to For Guidance?

Regulation G

Review Questions

Regulation S-K

SEC Compliance & Disclosure Interpretations

Misleading Concerns

Earnings Management

Prominent Presentation

Tax Impacts

EBIT & EBITDA

Free Cash Flow

Segment Information

The SEC is Watching

Illustrative Examples – SEC Comment Letters

Review Questions

 

Glossary of Key Terms

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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