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CPA Far > Public Company Reporting > Flashcards

Public Company Reporting Flashcards

1
Q

Which item does the per share amount get reported on the face of income statement

A

Income from continuing operations

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2
Q

Basic EPS

A

Net income - preferred stock dividends / weighted average shares

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3
Q

2 determinations in weighted average

A

Prorate per how long held in year
Stock splits & dividends

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4
Q

Who comes up with US securities law

A

SEC

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5
Q

Sec prescribed

A

Accounting standards

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6
Q

Sec investigates but does not

A

Prosecute

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7
Q

A large accelerated filer market value is

A

700M or more

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8
Q

Large accelerated filings 10-K timeframe ; 10-Q

A

60 days ; 40 days

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9
Q

Accelerated filer market value

A

250M-700M

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10
Q

Accelerated filer and SRC market value

A

75M-250M

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11
Q

Nonaccelerated filer and SRC

A

75m-700m & under 75m

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12
Q

Accelerated filer & accelerated filer and SRC annual revenues

A

100m and up

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13
Q

Accelerated filer & accelerated filer and SRC 10-k & 10-q

A

75 days ; 40 days

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14
Q

Non accelerated filer & SRC 10k & 10q

A

90 days ; 45 days

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15
Q

Form S-1

A

Initial registration form for new securities

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16
Q

10-Q

A

Quarterly report emphasized on timeliness and is unaudited

17
Q

10-K

A

Annual report filed in 4th quarter that’s audited

18
Q

Form 8-K

A

Disclose of relevant events. Not ordinary business; 4 days to report

19
Q

3 items on 10-Q

A

Revised financial statements
MD&A
Quan and qual risks

20
Q

MD&A includes

A

Results of operations
Liquidity
Capital resources

21
Q

Quan and qual risk includes

A

Exchange rates
Commodity price
Interest

22
Q

Item 7 on 10-K

23
Q

Item 7a on 10-K

A

Quan and qual risks

24
Q

Items 8 on 10-K

A

Financial statements

25
Q

Relevant events for 8-K (EBAC)

A

Enter or terminate an agreeement
Bankruptcy
Acquire or disposal of asset
Change in ceo or auditor

26
Q

Two types of earning per share

A

Basic & diluted

27
Q

Basic and diluted EPS are reported

A

Separately

28
Q

If you have any of these 4 you have a complex capital structure

A

Stock options
Preferred stock
Convertible stock
Convertible debt

29
Q

Basic earning per share is always

A

Reported on income statement under income from continuing operations

30
Q

Weighting average number of shares is determined by

A

Portion controlled during year
Stock splits

31
Q

If a conversion decrease eps

A

Dilutive (include in eps)

32
Q

10-Q part 1 item
1
2
3

A

Financial statements
MDA
Quan & Qual

33
Q

10-K part 2
7
7A
8

A

MDA
Quan & Qual
FS & supplemental data

CPA Far (19 decks)

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