SEC Reporting: Non-GAAP Financial Measures
Description
Over 90% of companies use non-GAAP financial measures in SEC filings, earnings releases, and other public disclosures to better “tell their story.” However, if they decide to present such measures, they better make sure they don’t run afoul of SEC reporting requirements. And judging by the fact that non-GAAP financial measures has been the number one area of SEC comment letters over the past several years, it seems most could use a refresher of the rules! Luckily, this non-GAAP measures CPE course will do just that!
Take a journey with us to the Upside Down with this Stranger Things-inspired CPE-eligible eLearning course (1.5 CPE). It covers everything you need to know about non-GAAP financial measures. The self-study course begins by defining non-GAAP financial measures, giving common examples used by companies, and explaining why companies use them. We’ll then walk through the applicable SEC guidance and requirements set out in Regulation G and Item 10(e) of Regulation S-K. Next, you’ll learn about the most common types of SEC staff comments related to non-GAAP financial measures and the focus of their Corporation Finance Interpretations (CFIs). The course concludes with looking at "real-life" example filings and the related SEC comment letters.
Topics covered in this non-GAAP measures CPE course include:
- Introducing non-GAAP financial measures
- Applicable regulations and interpretations
- Issues related to non-GAAP measures
- Examples from SEC comment letters
Some people believe that non-GAAP financial measures provide investors with valuable insight. Others believe it helps companies paint a "rosier picture" than what is reality. Regardless of which side of the fence you are on, this eLearning course will help you understand the requirements and ensure that you don't draw the ire of the SEC!
Interested in group discounts for your team? Contact us to learn more.
Learning Objectives
By the end of this course, you should be able to:
- Identify non-GAAP financial measures in SEC filings, earnings releases, or other public disclosure
- Recall the SEC regulations and requirements governing non-GAAP financial measures
- Recall the issues noted by SEC staff in their comment letters related to non-GAAP financial measures
Additional Information
| Last Updated | 06/01/2026 |
|---|---|
| CPE Credit | 1.50 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Intermediate |
| Prerequisites | Basic knowledge of SEC regulations and reporting requirements for listed companies |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$180
1h 30m
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