SEC Reporting and Disclosure Effectiveness Course

Agenda

Agenda topics, timing and speakers subject to change.

 
 

Thursday, March 28 | 8:30 am – 5:30 pm

 

8:30 am - 9:00 am

Registration and Breakfast
 

 

9:00 am – 9:15 am

Introduction and Course Overview

 
 

9:15 am – 10:30 am

Business and Risk Factors (10-K/10-Q)
  • Description of Business - S-K requirements/what’s changed 
  • What else to consider? Business strategies, acquisitions, segments, joint ventures
  • Use of infographics and technology to enhance communications
  • Business description - best practice examples
  • Risk factors – S-K requirements, plain English
  • Categorization and updating considerations, interim reporting
  • Risk factors - best practice examples
  • Cross-referencing and incorporation by reference
 
 

10:30 am – 10:45 am

Break

 
 

10:45 am – 12:30 pm

MD&A – Purpose and Objectives
  • S-K requirements (Item 303)
  • Evolution of interpretive guidance (FRs - 36, 72, 83)
  • Prospective information – 2 part disclosure test (FR 36)
  • Restructuring charges - effects on future earnings/cash flows (SAB Topic 5-P)
  • MD&A overview section
  • Overview - best practice examples
 
 

12:30 pm – 1:00 pm

Lunch
 
 

1:00 pm – 3:00 pm

MD&A – Results of Operations
  • Results of operations analysis
  • Discussion of revenue trends 
  • Impact of acquisitions, divestments, and foreign currency rates
  • Income tax effects, effective tax rates
  • Discussion by segment or product line
  • Use of infographics and technology to enhance communications
  • Results of operations - best practice examples
MD&A – Liquidity and Capital Resources
  • Analysis of the cash flows – operating, investing, and financing
  • Contractual obligations (on and off-balance sheet)
  • Availability of funds to meet near-term and longer-term requirements
  • Debt structure and covenants/credit ratings
  • Liquidity and capital resources - best practice examples
 
 

3:00 pm – 3:15 pm

Break

 

3:15 pm – 4:15 pm

Additional Requirements
  • SAB 74 disclosures – new accounting standards
  • Critical accounting estimates
  • Market risk analysis/risk management
  • Best practice examples
Use of Non-GAAP measures and KPIs
  • SEC guidance – Reg G, Item 2.02 Form 8-K, Reg S-K Item 10(e), C&DI 
  • SEC areas of concern
  • Use of Non-GAAP/KPIs in earnings release and MD&A
  • Best practice examples
 
 

4:15 pm – 4:30 pm

Recent Disclosure Effectiveness Trends
  • SEC Disclosure Update and Simplification
  • FASB Disclosure Framework
 
 

4:30 pm – 5:30 pm

Panel Discussion – Bringing it All Together (Controllers, Legal, IR Perspectives)
  • Making corporate reporting more effective, insightful and efficient – leading practices and lessons learned
 
 

5:30 pm

Adjournment

 
 

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