September 2022 only - note the timings:
In response to specific demand, this particular online US GAAP training is being delivered live in 3 individual sessions which run on consecutive days. But please note the sessions for this event will run each day from 01:00 – 05:00 London (UK)/ 08:00 - 12:00 Singapore time (GMT +8).
You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the US GAP training topic, you are looking for, or if you would like an online classroom in another time zone, please tell us.
Updated to reflect the ongoing economic crisis as a result of the COVID-19 pandemic, this four-session workshop provides an in-depth review and practical guidance – from disclosure requirements to organization, and from drafting tips to illustrative examples – for preparing Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A). MD&A is critically important because it appears or is incorporated by reference in each annual report, quarterly report and registration statement filed by companies with U.S.-traded securities. Topics covered include Regulation S-K requirements and FR 36, FR 60, and FR 72; the SEC’s Compliance and Disclosure Interpretations on MD&A; the IASB Management Commentary framework; key performance indicators and non-GAAP financial measures; safe harbors to present forward-looking information and non-GAAP measures; disclosure concerning trends, commitments, events, and uncertainties related to the COVID19 pandemic; qualitative versus quantitative disclosure; critical accounting policies and estimates; impairment testing and disclosures; fair value changes and related disclosures; sensitivity and value-at-risk analyses; market risk disclosures; discussion and analysis of operating results, liquidity, capital resources and cash flow; materiality and assessments of likely outcomes; and how MD&A will differ when the financial statements are prepared in accordance with IFRS versus U.S. GAAP. Illustrations, sample documents, exercises and profiles of SEC enforcement cases involving deficient MD&A are used to promote awareness of applicable MD&A requirements. The course includes practical recommendations for improving MD&A, including the development of disclosure and reporting strategies that complement the company’s business strategies. Finally, the course examines Integrated Reporting – the combined reporting of financial, non-financial, and corporate responsibility information using a forward-looking approach driven by the business model – for which the International Integrated Reporting Council developed a framework. Examples will be used to relate and demonstrate the guiding principles for Integrated Reporting, including the discussion of the business model, operating context and risk, strategic objectives, business strategy, operating performance, and future outlook. Practice examples are used to provide practical application of the underlying principles for MD&A reporting.
The course will answer questions such as:
- How has the recent economic crisis as a result of COVID-19 pandemic affected companies’ MD&A disclosures?
- Where do I find the requirements for the content of MD&A?
- How do I prepare MD&A?
- What should I look for when reviewing an MD&A?
- Who uses MD&A, and for what?
- What differentiates a superior MD&A from one that is deficient?