Non-GAAP reporting has become a hot topic for the SEC. Non-GAAP performance measures, sometimes referred to as pro-forma measures, are one of the top two concerns of recent SEC comment letters. Business models are evolving and becoming more complex resulting in a proliferation of Non-GAAP measures to effectively communicate transparent financial performance. The SEC has written numerous comment letters and provided guidance on the information requirements of disclosing a non-GAAP performance measure.
This one-day seminar offered via Executive Education is designed for financial executives, managers, analysts, and investment advisors responsible for preparing and interpreting Non-GAAP accounting information. This seminar provides an in-depth review of what Non-GAAP financial performance measures are and how to report Non-GAAP financial performance measures within SEC guidelines. Participants will gain an understanding of the SEC guidelines for Non-GAAP reporting, particularly Regulation G, as well as understand how Non-GAAP performance measures relate to U.S. GAAP reporting standards and required disclosures. In addition, participants will be able to perform a quality analysis of the usefulness of Non-GAAP disclosures.
Through the use of class exercises, illustrative examples, and cases these concepts are discussed and applied to Non-GAAP reporting to emphasize the impact on a firm's results and perception. This seminar is designed to give participants insight into factors affecting Non-GAAP performance measures, including guidance issued by the SEC. The information and experience gained will enable participants to assess the impact on their companies, provide meaningful reporting measures that are appropriate under SEC guidelines, and come to appropriate determinations of the usefulness of Non-GAAP measures for stakeholders.
6/22/2017 Santa Clara
Venue and Hotel Details
- Institutional and historical background on reporting Non-GAAP performance measures
- Research on Non-GAAP reporting
- Relevance of Non-GAAP Reporting
- Analysis of Non-GAAP Disclosures
- Opportunistic versus Altruistic Motivations
- Non-GAAP earnings measures - understand the rationale and use of common adjustments
- Relations to core earnings and cash flow measures
- Other Non-GAAP financial performance measures
- Understanding SEC Regulation G and C&DIs on the use of Non-GAAP financial measures
- Reporting requirements
- Audit concerns
- Cases and exercises
- Examine examples of Non-GAAP financial performance measures
- Management Discussion and Analysis
- Press Releases
- SEC filings
- SEC comment letters
- Identify elements of high quality, effective communication of Non-GAAP reporting.
- Develop a High Quality Non-GAAP financial reporting measure
Level of Knowledge:
Field of Study:
Group Live, Instructor-Led Course
Dr. Ervin Black, Ph.D., Director, Steed School of Accounting and W.K. Newton Chair and Professor of Accounting, University of Oklahoma
* Discounts cannot be combined and must be applied at time of initial registration.
** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.