Agenda topics, timing and speakers subject to change.
Friday, May 10 | 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)
- Development of Business - S-K requirements, what else to consider?
- Business discussion - best practice suggestions and examples
- Risk factors – S-K requirements, use of plain English
- Cybersecurity disclosures
- Risk factor categorization and updating considerations
- Generic risk factors
- Risk factors - best practice suggestions and examples
10:30 am – 10:45 am
Break
10:45 am – 12:30 pm
MD&A – Purpose and Objectives
- S-K requirements/evolution of interpretive guidance
- Purpose and objectives
- Prospective information – 2 part disclosure test
- SEC comment letter example
- MD&A overview section
- Overview - best practice suggestions and examples
12:30 pm – 1:00 pm
Lunch
1:00 pm – 3:00 pm
MD&A – Results of Operations
- Results of operations analysis
- Materiality definition and considerations
- Results of operations - Impacts to consider
- SEC areas of concern
- Best practice suggestions and examples
MD&A – Liquidity and Capital Resources
- Evaluation of cash flows, trends and uncertainties
- Financing arrangements and debt instruments
- Contractual obligations (on and off-balance sheet)
- Capital structure
- Availability of funds to meet near-term and longer term requirements
- SEC areas of concern
- Liquidity and capital resources - best practice suggestions and examples
3:00 pm – 3:15 pm
Break
3:15 pm – 4:00 pm
Additional Requirements
- Disclosures regarding new accounting standards (SAB 74)
- Critical accounting estimates
- SEC areas of concern
- Accounting standards and critical accounting estimates - best practice suggestions and examples
- Market risk disclosures
- Market risk disclosures – best practice suggestions and examples
- Safe harbor provisions
Use of Non-GAAP measures and KPIs
- SEC guidance for furnished vs filed disclosures
- Use of Non-GAAP/KPI’s in earnings release and MD&A
- SEC areas of concern
- Best practice suggestions and examples
4:00 pm – 4:30 pm
Recent Disclosure Effectiveness Trends
- SEC Disclosure Update and Simplification – recent changes
- FASB Disclosure Framework – current status
- SEC Request for Comment – Earnings release vs 10-Q
- Form 10-Q MD&A
Intel Disclosure Effectiveness Initiatives
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
Back to SEC Reporting and Disclosure Effectiveness Course