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FAR1 > SEC Reporting Requirements > Flashcards

SEC Reporting Requirements Flashcards

1
Q

SEC requires more than ____ forms be filed

A

50

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2
Q

Statement required when a company issues new securities

A

Registration Statement

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3
Q

Filed annually by US registered companies.

A

Form 10-K

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4
Q

Filing deadline for Form-10K is __ days after the end of the fiscal year for large accelerated companies, __ days after the end of the fiscal year for accelerate companies, and __ days after the end of the fiscal year for all others

A

60; 75; 90

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5
Q

Form-10K is:

A

audited

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6
Q

Large accelerated filer has common equity held by non-affiliates of _____ million or more

A

700

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7
Q

Accelerated filer has common equity held by non-affiliates of ____ million or more, but less than ____ million

A

75; 700

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8
Q

Filed quarterly by US registered companies and is unaudited

A

Form 10-Q

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9
Q

Filing deadline for Form- 10Q is __ days after the end of the fiscal quarter for large accelerated filers and ___ days after the end of the fiscal quarter for all other registrants

A

40; 45

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10
Q

Employee benefit plan(s)

A

Form 11-K

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11
Q

Filed annually by specific Canadian companies registered with the SEC.

A

Form 40-F

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12
Q

Filed annually by foreign private issuers (excluding Canadians).

A

Form 20-F

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13
Q

Form 40-F and Form 20-F are similar to:

A

Form 10-K

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14
Q

Form 40-F and 20-F may be prepared using three different methods which are:

A

GAAP, IFRS, other comprehensive body of accounting principles

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15
Q

Filed semi-annually by foreign private issuers

A

Form 6-K

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16
Q

Is similar to Form 10-Q and is unaudited

A

Form 6-K

17
Q

Filed to report major corporate events

A

Form 8-K

18
Q

Filed by directors, officers, or beneficial owners of more than 10% of a class of equity securities of a registered company (3)

A

Forms 3, 4, 5

19
Q

____ sets forth the form and content of and requirements for interim and annual financial statements

A

SEC

20
Q

Interim financial statements filed with the SEC must be ______ by an independent public accountant

A

reviewed

21
Q

Statements presented to the SEC (3):

A

Balance sheet, income statement, statement of cash flows

22
Q

Interim financial statements should reflect adjustments for _____ ________

A

fair presentation

23
Q

Condensed interim financial statements are _____ by the SEC

A

accepted

24
Q

Disclosures should be made so the interim information is not ________

A

misleading

25
Q

Annual financial statements have an _____ requirement

A

audit

26
Q

____ balance sheets must be presented and ____ statements of income, changes in owner’s equity, and cash flows to comply with annual reporting requirements

A

2; 3

27
Q

IFRS requires ___ balance sheets, statements of comprehensive income, statements of changes in equity, and statements of cash flows and related notes

A

2

28
Q

XBRL (Extensive Business Reporting Language) uses XML data ______ to describe financial information for business and financial reporting

A

tags

29
Q

Machine-readable code that gives a standard definition for each line item in an income statement, cash flow statement, balance sheet, or other financial or non-financial data, including data contained in the notes

A

tags

30
Q

Provides contextual information that allow data to be recognized and processed by software

A

tags

31
Q

GAAP, IFRS, global ledger, industry specific, and company specific tags are examples of:

A

taxonomy

32
Q

Requires US public companies and foreign private issuers that use GAAP, as well as foreign private issuers that use IFRS, to present financial statements and any applicable financial statement schedules in and exhibit prepared using XBRL

A

SEC’s Interactive Data Rule

33
Q

_____ disclosures must include the primary financial statements, notes, and financial statement schedules

A

Tagged

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