Chapter 1 Section 11: SEC Reporting Requirements

Question 1

Form 10-K

Answer 1

Filed annually and includes audited statements
60 days for large accelerated filers
75 days for accelerated filers
90 days for everyone else

Question 2

Form 10-Q

Answer 2

Filed quarterly with unaudited statements
40 days for all accelerated filers
45 days for everyone else

Question 3

Form 11-K

Answer 3

Annual report of employee benefit plans

Question 4

Forms 20-F and 40-F

Answer 4

Filed by foreign private issuers

Similar to 10-K

Question 5

Form 6-K

Answer 5

Filed semi-annually by foreign private issuers.

Similar to 10-Q

Question 6

Form 8-K

Answer 6

Filed to report major corporate events

Question 7

Forms 3, 4, and 5

Answer 7

Required for anyone who owns more than 10%

Question 8

How many of each statement need to be presented in audited financial statements?

Answer 8

2 B/S

3 I/S and CF

Question 9

What is XBRL?

Answer 9

Extensible Business Reporting Language
data tags to describe financial information for business and financial reporting. It tells computers how to interpret the context of the text.

Question 10

What is a taxonomy?

Answer 10

It defines the tags used for individual items of business and financial data. There is a separate one for GAAP, IFRS, and others