Author : | Kelen Camehl, CPA, MBA |
Course Length : | Pages: 112 ||| Word Count: 52,930 ||| Review Questions: 28 ||| Final Exam Questions: 40 |
CPE Credits : | 8.0 |
IRS Credits : | 0 |
Price : | $71.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2402 |
Description : | This course offers a comprehensive overview of key SEC regulations, combining insights from three critical areas. Chapter 1 covers the SEC’s recent final rules on climate-related disclosures for public companies, released on March 6, 2024, addressing the balance between investor demands for transparency and implementation costs. Chapter 2 explores the hot topic of non-GAAP financial measures, emphasizing compliance with SEC and FASB guidelines, supported by comment letter analysis from the Big 4 accounting firms. Chapter 3 explores the management’s discussion and analysis (MD&A) section of financial statements, detailing SEC regulatory requirements and common issues highlighted in their frequent comment letters. Together, these chapters provide essential knowledge for navigating the evolving landscape of SEC regulations. |
Usage Rank : | 70000 |
Release : | 2024 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Securities and Exchange Commission (SEC) Defined, How It Works
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 14-Nov-2024 |
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 - NASBA Registry - 2402 |
Keywords : | Accounting, SEC, Reporting, Essentials, Climate, Disclosures, Non-GAAP, Measures, MD and A, cpe, cpa, online course |
Learning Objectives : |
Chapter 1
Chapter 2
Chapter 3
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Course Contents : | Chapter 1 - ESG Regulations Chapter Overview Learning Objectives Introduction How Did We Get Here? Climate Introduction Review Questions Climate-Related Disclosure Resources The Need for Enhanced/Standardized Climate-Related Disclosures Summary of Climate-Related Disclosures Climate-Related Risks (1) Actual & Potential Impacts of Climate-Related Risks (2) Description of Expenditures from Mitigation/Adaptation Activities (3) Review Questions Transition Plans, Scenario Analysis, & Internal Carbon Prices (4) BOD Oversight of Climate-Related Risks (5) Risk Management Process (6) Targets and Goals (7) Scope 1 & Scope 2 GHG Emissions (8) Attestation Over GHG Emissions Disclosures (9) Review Questions Financial Statement Effects (10, 11, & 12) Financial Impact Metrics Expenditure Effects Financial Estimates and Assumptions Opportunities Financial Statement Disclosure Requirements Inclusion of Disclosures in the Financial Statements (Rule 14-01(a)) Registrants Subject to Climate-Related Disclosure Rules and Affected Forms Compliance Dates Alternatives Considered Review Questions Chapter 2 - Non-GAAP Financial Measures Chapter Overview 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 Chapter 3 - MD&A Regulations Chapter Overview 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 Conclusion Review Questions Glossary of Key Terms |