5.0 CPE 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.
Learning Objectives
- 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.
- Discover and 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.
Last updated/reviewed: March 6, 2024
34 Reviews (176 ratings)
Reviews
Anonymous
(retired)
Excellent course. Very clear information related to SEC regulations over non-gaap information. Explains the rationale to the SEC's concerns. I recommend the course.
Anonymous
()
It was very insightful to dig into the various reporting requirements that we have been taught in school and learn more of the "why". This course reiterated the importance of being very cautious when using non-GAAP measures, as insightful as they can seem to be. I recommend this course for anyone who is involved in reporting for a company that relies even a little on non-GAAP measures.
Anonymous
()
SEC Hot Topics - MD&A and Non-GAAP Financial Measures (Text Based Course) thanks for the course SEC Hot Topics - MD&A and Non-GAAP Financial Measures (Text Based Course)SEC Hot Topics - MD&A and Non-GAAP Financial Measures (Text Based Course)
Anonymous
(CAO)
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Anonymous
(Director Net Revenue)
The source material was well formatted and laid out. Very easy to follow and understand. Great background on the history of these topics and how the SEC is looking at them.
Anonymous
(Accountant III)
Course provided relevant information that will be useful to those involved in the process of preparing MD&A or disclosures with non-GAAP performance measures.
Margaret Hammond
( at Margaret Hammond)
Interesting discussion of two hot topices in recent SEC comment letter trends. Good overview of the actual guidance required on MD&A and Non-Gaap.
Jamie Keller
( at Pegasystems)
Interesting material. The test was a bit challenging with some specific data-driven questions (i.e. Big 4 ranking of comment letter topics).
Anonymous
(CFO)
Relevant and timely information in the course. Well written materials allow for the easy reading and understanding of these concepts.
Michael DeVito
( at Dassualt Falcon Jet)
Relevant and timely information in the course. Well written materials allow for the easy reading and understanding of these concepts.
Julia Kramer
(Financial Behavior and Leadership Consul.. at Signature Financial Planning)
Excellent discussion and explanations and examples of key issues important to helping stay in compliance with the SEC
Anonymous
(Consultant)
The pdf was easy to review and organized well. The topics are a good overview of the regulations. Relevant examples.
Anonymous
()
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Anonymous
(Senior Accountant)
Surprised to see non-GAAP disclosure is allowed in the MD&A as GAAP-only statements may not tell the whole story
Anonymous
(Partner)
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Anonymous
(Director of Accounting)
Good overview of two massive issues in the profession right now as it relates to filings. Helpful content.
Joseph Tregellas
( at TriNet)
A good in depth look at SEC reporting and how MD&A is structured to give the readers the best information.
Anonymous
(NA)
good ***********************************************************************************************
Anonymous
()
The information included in the handout is clear and easy to understand the objective of the course
Anonymous
()
Useful summary of the various issues that can arise with MD&A and Non-GAAP Financial Measures.
Anonymous
()
Good description for consideration in reading and writing public financial statements.
Erin McCorry
(Accounting Manager at Ascend Wellness Holdings)
Definitely informative and an interesting read for financial reporting knowledge.
Anonymous
(Director of Financial Accounting)
Similar to another MD&A course. Would like more discussion on Non-GAAP measure.
Anonymous
(Analyst)
Now I know why MD&A and Non-GAAP Fiancial measures are hot topics for the SEC.
Anonymous
()
Informational course that was well organized and met learning objectives.
Anonymous
(Accountant)
This course provided a decent overview of MD&A including non-GAAP items,
Anonymous
()
Great course: MD&A and Non-GAAP Financial Measures (Text Based Course)
Susan Nielsen
( at MasterControl)
A helpful refresher of some critical reporting sections. Thank you!
Locksley Simmons
( at Merrill Lynch)
Always good to review your rules before starting to write MD&A.
Nichole Karr
(Director - Audits at BMM Testlabs)
Material was easy to follow and allowed for a quick test taking
Anonymous
()
I loved reading about the views of the SEC and big four firms.
Sara Lee
( at None)
This course on MD&A was informative without being boring.
Anonymous
(Senior Revenue Manager)
I enjoyed this course, and I found it very informative.
Anonymous
()
Provided a good overview of MD&A and the SEC's views.
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
.
Kelen CamehlCPA, MBA
About Illumeo
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