Non-GAAP financial measures: 5 things you need to know

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Mind the GAAP! Here are 5 things you need to know about non-GAAP financial measures.

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

You can also subscribe to our podcast series to stay current on other key technical accounting matters, business issues, current standard setting, and regulatory updates.


About our guest

Diane Howell is a partner in PwC’s National office specializing in SEC reporting. She serves numerous foreign and domestic clients in the oil and gas, technology, gaming, advertising, airlines, farming and utilities sectors. Prior to her current role, Diane worked in China (Beijing and Shanghai) for 5 years and Moscow for 6 years advising clients regarding technical accounting, reporting and auditing matters related to SEC registered and exempt offerings in the US.


About our host

Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of a range of multimedia events, including PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as the power and utilities industry webcasts. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

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Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

IFRS & US Standard Setting Leader, National Professional Services Group, PwC US

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