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.

Learning Objectives
  • Recognize how the SEC climate-related disclosures have evolved.
  • Identify types of climate related risks.
  • Discover and differentiate between Scope 1, 2, and 3 emissions.
  • Recognize qualitative and quantitative climate-related disclosures.
  • Identify assurance requirements and compliance dates for different types of entities.
  • Explore 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.
  • 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.
Last updated/reviewed: Aug 07, 2024
3 Reviews (16 ratings)

Reviews

5
Anonymous Author
Great course. It was a lot to go through. I don't work with a lot of public companies, so it was interesting to learn more about MD&A, even though it doesn't directly relate to anything I normally do.
4
Anonymous Author
A comprehensive guide to understand the new regulation for climate related disclosures.
3
Anonymous Author
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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
COURSE MATERIAL
  SEC Reporting Essentials: Climate Disclosures, Non-GAAP Measures, and MD&A (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONS: Chapter 1quiz
  REVIEW QUESTIONS: Chapter 2quiz
  REVIEW QUESTIONS: Chapter 3quiz
 FINAL EXAMexam