Day 9 - SEC Flashcards
The Form 8-K is required to be filed by all companies registered with the SEC to report what?
Reports major corporate events including:
- Corporate asset acquisitions/disposals
- Accountant changes
- FS changes
- Management changes
- Changes in securities
Note: Qtrly results are reported on the Form 10-Q
MCQ-08590
What form is not required to be included with audited FS, in accordance with the SEC?
Form 6-K - is filed semiannually by foreign private issuers and contains unaudited FS
MCQ-06078
Define: Accelerated Filer
An Accelerated Filer is an Issuer:
- with a public equity float of greater than or equal to $75 million
- previously filed at least one Form 10-K (must be filed within 60 days)
- not eligible to file Qtrly and annual reports on Forms 10-QSB and 10-KSB
MCQ-06618
Define: Form 10-Q
Qrtly report filed with the SEC that contains unaudited FS prepared using US GAAP reviewed by an independent accountant
Can also contain Interim Period MD&A, and certain disclosures
MCQ-08721
When must a larger accelerated filer file Form 10-Q?
within 40 days for large corporations and 45 days for small corporations
MCQ-07215
Define: Form 3
is required to be filed by directors, officers, or beneficial owners of a class of equity securities of a registered company
Note: does not contain FS
MCQ-06077
Under Regulation S-X, an entity’s annual FS filed with the SEC should include, at a minimum, two:
Balance Sheets for the two most recent fiscal years
&
Three fiscals years of Statements of Income, Changes in Owners Equity, and Cash Flows
MCQ-06080
A company that is not subject to seasonal fluctuations is filling the Form 10-Q. In addition to the most recent qtr end, which of the following periods is the company required to present on the BS on Form 10-Q?
The end of the preceding fiscal year
MCQ-06619
What is the Form 8-K used for?
Major corporate events:
- Corporate asset acquisitions/disposals
- Accountant changes
- FS changes
- Management changes
- Changes in securities
MCQ-08999
In preparing its interim FS, assuming that no changes in accounting principle were implemented, ABC Inc. would apply GAAP:
to the most recent annual report
GAAP that were used in the most recent annual report of ABC, Inc. should be applied to interim FS of the CY unless a change in Accounting Principle is adopted in the CY
MCQ-04466
SEC Regulation S-X
Sets forth the form and content of and requirements for Interim and Annual FS to be filed with the SEC
MCQ-03975
SEC Regulation S-B
Sets forth the disclosure requirements for Small Business issuers
MCQ-03975
SEC Regulation S-K
Sets forth Non-Financial reporting requirements for various SEC filings used by Public Companies
MCQ-03975
SEC Regulation S-T
Sets forth rules governing electronic filings
MCQ-03975
