Using Non-GAAP Measures and Metrics to Explain the Impact of COVID-19 – A Q3 Update

  • 1:00 PM - 2:00 PM
  • Eastern Time (US & Canada)
  • By: Practising Law Institute
  • Webinar
  • Attorneys/Legal Services

This Briefing will review second quarter developments and examples in how companies are using non-GAAP measures and metrics in the complex process of communicating how the disruption and uncertainty created by COVID-19 have impacted their businesses.  Discussion will include the most recent SEC guidance and cautions regarding the use of COVID-19 related non-GAAP measures and metrics, along with examples from earnings releases and filings and recent SEC comments.  A brief refresher about non-GAAP measure and metric guidance and expected future developments will also be included.  Join Cheryl L. Linthicum, Professor of Accounting and former Associate Dean, College of Business, the University of Texas at San Antonio, and SEC Institute workshop leader George M. Wilson as they do a deep dive into the guidance and the practical issues companies will face in the next quarter as they address the impact of COVID-19 in their reporting.

In this Briefing, participants will:

    Review examples of COVID-19 related non-GAAP measures and metrics reported by companies
    Review the SEC’s guidance for the use of non-GAAP measures and metrics in communicating the impact of COVID-19
    Discuss SEC comments on what companies reported in Q2 of 2020
    Explore alternative approaches to the use of non-GAAP measures and metrics to explain the impact of COVID-19
    Review hypothetical non-GAAP examples
    Discuss the use of preliminary GAAP/non-GAAP results


Program Level:  Update

Intended Audience:  Attorneys and accountants who deal with SEC reporting and disclosure and related accounting issues, including in-house counsel, outside attorneys, CFOs, controllers and their staff, internal auditors, partners of public accounting firms and their staff

Prerequisites:  None

Advanced Preparation:  None

  • CLE Credit Comments: CLE credit is available in many jurisdictions. Please see the registration page for more information.