PwC's accounting podcast
Mind the GAAP! Here are 5 things you need to know about non-GAAP financial measures
Apr 9, 2019 · 20 min
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Are you using non-GAAP financial measures? Need an update on the SEC’s rules and interpretative guidance around reporting this information? Then listen to this week’s episode. Diane Howell, a partner in PwC’s national office, joins Heather Horn to discuss 5 things companies should know about non-GAAP measures, including:

  • 0:53 - A helpful refresher on the definition of a non-GAAP measure and common examples
  • 1:47 - The drivers behind why companies report non-GAAP measures and why they believe the measure is useful
  • 4:51 - An overview of the SEC’s rules and interpretative guidance around the use of non-GAAP measures
  • 9:20 - Insights into how the SEC reviews non-GAAP information included in SEC filings, including how they view prominence, reconciliations, and individually tailored measures. Diane also discusses recent related comment letters and enforcement cases.
  • 15:51 - Best practices for reporting high quality non-GAAP measures
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