SEC releases new version of Financial Reporting Manual

The US Securities and Exchange Commission released a new version of its Financial Reporting Manual. This 267-page manual is intended for the SEC staff but, because it contains useful information for registrants, it has been posted to the SEC's website. The manual provides the SEC staff's interpretations of form requirements and portions of Regulations S-X and S-K, including guidance on topics such as the form and content of a registrant's financial statements, providing separate financial statements of businesses acquired or to be acquired and investments in entities accounted for by the equity method, pro forma financial information, Management's Discussion and Analysis, and non-GAAP financial measures. (Access the Financial Reporting Manual on the SEC website.)