SEC reporting and other accounting topics

Question 1

A change in reporting entity requires

Answer 1

retrospective application to all prior periods presented to report information for the new entity.

Question 2

Examples of changes in the reporting entity?

Answer 2

(1) presenting consolidated or combined statements in place of statements of individual entities, (2) changing the specific subsidiaries included in the group for which consolidated statements are presented, and (3) changing the entities included in combined statements.

Question 3

Regulation S-X

Answer 3

regulations for Financial statement information

Question 4

Regulation S-K

Answer 4

Regulations for Non-financial statement information

Question 5

MD & A section of 10Q

Answer 5

Part 1, item 2 companies disclose information about their liquidity, commitments, events or uncertainties that are likely to result in a material increase or decrease in liquidity

Question 6

Some commonly required disclosures of summary of accounting policies include:

Answer 6

(1) the basis of consolidation
2) depreciation methods
(3) amortization of intangible assets,
(4) inventory pricing, (5) recognition of profit on long-term construction-type contracts
(6) recognition of revenue from franchising and leasing operations
(7) the policy for defining cash equivalents.

Question 7

Form 10Q part 1 item 1 includes the

Answer 7

Financial Statements

Question 8

Form 10Q Part 1 Item 2 is

Answer 8

Management Discussion and Analysis.

Question 9

Form 10Q part 1 Item 3 is

Answer 9

Quantitative and Qualitative Disclosures about Market Risk

Question 10

Form 10K part 1, item 7 is

Answer 10

Management Discussion and Analysis

Question 11

Form 10K Part 1, Item 7A is

Answer 11

Quantitative and Qualitative Disclosures about Market Risk

Question 12

Form 10K part 1, Item 8 is

Answer 12

Financial Statements and supplementary data