Chapter 6 - SEC Reporting Requirements

Question 1

Characteristics of a Form 10-K:

Answer 1

Filed annually

Includes MD&A and audited financials

Question 2

Filing deadlines for a Form 10-K:

Answer 2

Large Accelerated = 60 days
Accelerated = 75 days
All others = 90 days

Question 3

Characteristics of a Form 10-Q:

Answer 3

Filed quarterly

Includes MD&A and unaudited financials

Question 4

Filing deadlines for Form 10-Q:

Answer 4

Large accelerated = 40 days
Accelerated = 40 days
All others = 45 days

Question 5

Form 11-K is for:

Answer 5

Employee benefit plans

Question 6

Form 20-F and Form 40-F are:

Answer 6

Non-U.S. Annual report (10-K) and the Canadian Annual report (10-K)

Question 7

Form 6-K is:

Answer 7

Filed semiannually for foreign private auditors

Question 8

Form 8-K is:

Answer 8

Filed for major events

Question 9

Forms 3,4 and 5 are:

Answer 9

Filed by directors, officials, or beneficial owners who own 10% or more of a company

Question 10

Requirements for Interim Reporting:

Answer 10

SEC must review
Balance Sheet
Income Statement
Statement of Cash Flows
Can omit the summary of sig. accounting policies

Question 11

Requirements for Annual Reporting:

Answer 11

Must be audited
2 balance sheets
3 income statements
1 statement of cash flows

IFRS: 2 BS, 2 statement of comprehensive income, and 2 statements of cash flows