F2- M6 - SEC Reporting Requirements

Question 1

Form _____ must be filed annually by U.S. registered companies (issuers)

Answer 1

Form 10-K

Question 2

The filing deadline for Form 10-K is ____ days after the end of the fiscal year for large accelerated filers;

Answer 2

60

Question 3

The filing deadline for Form 10-K is _____ days after the end of the fiscal year for accelerated filers;

Answer 3

75

Question 4

The filing deadline for Form 10-K is _____ days after the end of the fiscal year for all other registrants.

Answer 4

90

Question 5

The Form 10 K includes (3)

Answer 5

(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.

Question 6

Does form 10 K financials have to be audited

Answer 6

Yes

Question 7

Form ______ must be filed quarterly by U.S. registered companies (issuers)

Answer 7

Form 10-Q

Question 8

The filing deadline for Form 10-Q is _____ days after the end of the fiscal quarter for large accelerated filers and accelerated filers

Answer 8

40

Question 9

he filing deadline for Form 10-Q is ____ days after the end of the fiscal quarter for all other registrants

Answer 9

45

Question 10

Form 10-Q Includes (3)

Answer 10

This form contains 1) unaudited financial statements prepared using U.S. GAAP, 2) interim period MD&A, and 3) certain disclosures.

Question 11

Does form 10-Q financials have to be audited

Answer 11

No

Question 12

_______ outlines the form and content of and requirements for interim and annual financial statements to be filed with the SEC.

Answer 12

Regulation S-X

Question 13

Form _____ is annual report for employee benefit plan

Answer 13

Form 11-K

Question 14

Form _______ is for non US Companies - (10K)

Answer 14

Form 20 -F

Question 15

Form _______ is for Canadian Companies - (10K)

Answer 15

Form 40 - F

Question 16

Form _______ is for reporting major events

Answer 16

Form 8k

Question 17

Form _____ is for semi annual and unaudited

Answer 17

Form 6-k

Question 18

Periods that must be presented for GAAP

Answer 18

2 BS, 3 IS, and CF - GAAP

Question 19

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 _______

Answer 19

XBRL (everything is linked)

Question 20

What is the criteria to be categorized as a large filer public float ___________

Answer 20

Public Float of $700 million or more

Question 21

What is the criteria to be categorized as a Accelerated Filer, public float _______ and _______

Answer 21

Between $75 million to $700 million and Revenues over 100 million

Question 22

What is the criteria to be categorized as a All other Filers, public float of ________ and _________ or __________

Answer 22

Between $75 million to $700 million and revenue under 100 million OR. Less than $75 million and revenues under 100 million

Question 23

____________ may require an additional disclosure or define accounting to be followed by issuers

Answer 23

Financial Reporting Releases (FRRs)

Question 24

The accounting principles are set forth by the SEC in FRRs that are codified in the ______

Answer 24

Financial Reporting Releases (FRRs)

Question 25

_________ are intended to achieve dissemination of administrative interpretations and practices of the SEC staff in reviewing financial information in SEC filings.

Answer 25

Staff Accounting Bulletins

Question 26

_____________ communicate enforcement actions involving accountants.

Answer 26

Accounting and Auditing Enforcement Releases (AAERs)

Question 27

_________ are published to solicit the public’s views on securities issues so that it can better evaluate the need for future rulemaking.

Answer 27

Concept releases

Question 28

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.

Answer 28

$250 million

Question 29

____________ requires that companies file periodic reports to update financial information on their companies.

Answer 29

Securities Exchange Act of 1934

Question 30

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..

Answer 30

balance sheet; preceding fiscal year

Question 31

the SEC requires cover pages to include the following for each class of security (3)

Answer 31

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.

Question 32

Which of the following works very closely with the FASB’s Emerging Issues Task Force (EITF)?

Answer 32

The Chief Accountant

Question 33

Publicly-held companies are required to present basic EPS and dilutive EPS on the face of the income statement for (2)

Answer 33

Income from continuing operations.

Net income.

Question 34

____________ are intended to achieve dissemination of administrative interpretations and practices of the SEC staff in reviewing financial information in SEC filings.

Answer 34

Staff Accounting Bulletins

Question 35

Financial disclosures for SEC filings are referred to as the __________________,

Answer 35

Basic Information Package (BIP)

Question 36

BIP requirements are common to 10-K and to the annual report to shareholders. ________________ is not commonly considered to be part of the BIP.

Answer 36

Two-year comparative financial infor­mation