Skip to main content

Sec Hot Topics - MD&A and Non-GAAP Financial Measures ON DEMAND

Available Until

Your Desk

5.0 Credits

Member Price $145.00

Non-Member Price $167.00


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.


Objective of MD&A. Liquidity and Capital Resources. Results of Operations. Critical Accounting Estimates. Interim Reporting Requirements. Comment Letter Analysis on MD&A. Non-GAAP Financial Measures. Why Do Regulators Care About Non-Financial Measures? Boilerplate Concerns. Prominent Presentation. SEC Comment Letters.



Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.


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. 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.






Leader Bios

Kelen Camehl, Western CPE

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

Return to Top

Non-Member Price $167.00

Member Price $145.00