Course Overview
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.    

Chapter 1 – Management’s Discussion & Analysis
This chapter provides an overview of the rules and regulations with respect to management’s discussion and analysis (MD&A).  This chapter also provides interpretive guidance from the SEC as well as important observations from several of the Big 4 accounting firms.  
Chapter Learning Objectives
Upon completion of this chapter, you will be able to:
•    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
Chapter 2 – Non-GAAP Financial Measures
This chapter provides an overview of non-GAAP financial measures with a particular emphasis on comments from the SEC, the FASB, as well as comment letter analysis from several of the Big 4 accounting firms.  Non-GAAP financial measures continue to rank at the top of the most frequent comment letters issued by the SEC.  As a result, it’s important to understand the guidance with respect to these measures to ensure that an entity’s financial statements remain GAAP compliant and are not misleading.  
Chapter Learning Objectives
Upon completion of this chapter, you will be able to:
•    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

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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