F2- M6 - SEC Reporting Requirements Flashcards
Form _____ must be filed annually by U.S. registered companies (issuers)
Form 10-K
The filing deadline for Form 10-K is ____ days after the end of the fiscal year for large accelerated filers;
60
The filing deadline for Form 10-K is _____ days after the end of the fiscal year for accelerated filers;
75
The filing deadline for Form 10-K is _____ days after the end of the fiscal year for all other registrants.
90
The Form 10 K includes (3)
(1) financial disclosures, including a summary of financial data, 2) management’s discussion and analysis (MD&A), and 3) audited financial statements prepared using U.S. GAAP.
Does form 10 K financials have to be audited
Yes
Form ______ must be filed quarterly by U.S. registered companies (issuers)
Form 10-Q
The filing deadline for Form 10-Q is _____ days after the end of the fiscal quarter for large accelerated filers and accelerated filers
40
he filing deadline for Form 10-Q is ____ days after the end of the fiscal quarter for all other registrants
45
Form 10-Q Includes (3)
This form contains 1) unaudited financial statements prepared using U.S. GAAP, 2) interim period MD&A, and 3) certain disclosures.
Does form 10-Q financials have to be audited
No
_______ outlines the form and content of and requirements for interim and annual financial statements to be filed with the SEC.
Regulation S-X
Form _____ is annual report for employee benefit plan
Form 11-K
Form _______ is for non US Companies - (10K)
Form 20 -F
Form _______ is for Canadian Companies - (10K)
Form 40 - F
Form _______ is for reporting major events
Form 8k
Form _____ is for semi annual and unaudited
Form 6-k
Periods that must be presented for GAAP
2 BS, 3 IS, and CF - GAAP
The SEC’s Interactive Data Rule requires U.S. public companies and foreign private issuers that use U.S. GAAP, as well as foreign private issuers that use IFRS, to present financial statements and any applicable financial statement schedules in an exhibit prepared using _______
XBRL (everything is linked)
What is the criteria to be categorized as a large filer public float ___________
Public Float of $700 million or more
What is the criteria to be categorized as a Accelerated Filer, public float _______ and _______
Between $75 million to $700 million and Revenues over 100 million
What is the criteria to be categorized as a All other Filers, public float of ________ and _________ or __________
Between $75 million to $700 million and revenue under 100 million OR. Less than $75 million and revenues under 100 million
____________ may require an additional disclosure or define accounting to be followed by issuers
Financial Reporting Releases (FRRs)
The accounting principles are set forth by the SEC in FRRs that are codified in the ______
Financial Reporting Releases (FRRs)
_________ are intended to achieve dissemination of administrative interpretations and practices of the SEC staff in reviewing financial information in SEC filings.
Staff Accounting Bulletins
_____________ communicate enforcement actions involving accountants.
Accounting and Auditing Enforcement Releases (AAERs)
_________ are published to solicit the public’s views on securities issues so that it can better evaluate the need for future rulemaking.
Concept releases
Public equity float refers to the amount of equity available to investors for trading. The Securities and Exchange Commission (SEC) stipulates that companies with less than ________ in public equity float meet the SEC’s definition of a smaller reporting company.
$250 million
____________ requires that companies file periodic reports to update financial information on their companies.
Securities Exchange Act of 1934
In addition to the most recent quarter end balance sheet, a company is required to present the ________ for the end of the ____________ on the Form 10-Q..
balance sheet; preceding fiscal year
the SEC requires cover pages to include the following for each class of security (3)
1) The exchange on which each class of security is traded.
2) Trading Symbol for each class of security.
3) Title of each class of security.
Which of the following works very closely with the FASB’s Emerging Issues Task Force (EITF)?
The Chief Accountant
Publicly-held companies are required to present basic EPS and dilutive EPS on the face of the income statement for (2)
Income from continuing operations.
Net income.
____________ are intended to achieve dissemination of administrative interpretations and practices of the SEC staff in reviewing financial information in SEC filings.
Staff Accounting Bulletins
Financial disclosures for SEC filings are referred to as the __________________,
Basic Information Package (BIP)
BIP requirements are common to 10-K and to the annual report to shareholders. ________________ is not commonly considered to be part of the BIP.
Two-year comparative financial information
