SEC Reporting Requirements Flashcards
SEC requires more than ____ forms be filed
50
Statement required when a company issues new securities
Registration Statement
Filed annually by US registered companies.
Form 10-K
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
60; 75; 90
Form-10K is:
audited
Large accelerated filer has common equity held by non-affiliates of _____ million or more
700
Accelerated filer has common equity held by non-affiliates of ____ million or more, but less than ____ million
75; 700
Filed quarterly by US registered companies and is unaudited
Form 10-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
40; 45
Employee benefit plan(s)
Form 11-K
Filed annually by specific Canadian companies registered with the SEC.
Form 40-F
Filed annually by foreign private issuers (excluding Canadians).
Form 20-F
Form 40-F and Form 20-F are similar to:
Form 10-K
Form 40-F and 20-F may be prepared using three different methods which are:
GAAP, IFRS, other comprehensive body of accounting principles
Filed semi-annually by foreign private issuers
Form 6-K
Is similar to Form 10-Q and is unaudited
Form 6-K
Filed to report major corporate events
Form 8-K
Filed by directors, officers, or beneficial owners of more than 10% of a class of equity securities of a registered company (3)
Forms 3, 4, 5
____ sets forth the form and content of and requirements for interim and annual financial statements
SEC
Interim financial statements filed with the SEC must be ______ by an independent public accountant
reviewed
Statements presented to the SEC (3):
Balance sheet, income statement, statement of cash flows
Interim financial statements should reflect adjustments for _____ ________
fair presentation
Condensed interim financial statements are _____ by the SEC
accepted
Disclosures should be made so the interim information is not ________
misleading
Annual financial statements have an _____ requirement
audit
____ balance sheets must be presented and ____ statements of income, changes in owner’s equity, and cash flows to comply with annual reporting requirements
2; 3
IFRS requires ___ balance sheets, statements of comprehensive income, statements of changes in equity, and statements of cash flows and related notes
2
XBRL (Extensive Business Reporting Language) uses XML data ______ to describe financial information for business and financial reporting
tags
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
tags
Provides contextual information that allow data to be recognized and processed by software
tags
GAAP, IFRS, global ledger, industry specific, and company specific tags are examples of:
taxonomy
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
SEC’s Interactive Data Rule
_____ disclosures must include the primary financial statements, notes, and financial statement schedules
Tagged
