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! Take a journey with us to the Upside Down with this Stranger Things-inspired CPE-eligible eLearning course (1.5 CPE) covering 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 Compliance and Disclosure Interpretations (C&DIs). The course concludes with looking at "real-life" example filings and the related SEC comment letters. Some people believe that non-GAAP financial measures provide investors with valuable insight, while others believe it helps companies paint a "rosier picture" than what is reality. Regardless of which side of the fence you are on with respect to non-GAAP financial measures, this eLearning course will help you understand the requirements and ensure that you don't draw the ire of the SEC!