SEC Reporting/Interim periods

Question 1

Management’s Discussion & Analysis (MD&A)

Answer 1

1 Liquidity
2 capital Resources
3 Results of operations
4 Effect of changing prices

Question 2

10-K

Answer 2

Annual report to the SEC, must be audited by independent public accountant
60 days large accelerated filers ($700+ million)
75 days accelerated filers ($75-$700 million, revenue of $100+ million)
90 days nonaccelerated filers (under $75 million, revenue under $100 million)

Question 3

10-Q

Answer 3

Quarterly report, must be reviewed by independent public accountant. Only necessary in Q1-Q3. 10-K counts for Q4
40 days large accelerated/accelerated filers
45 days nonaccelerated filers

Question 4

8-K

Answer 4

current report to disclose material events
filed within 4 days after material occurrence
-change in control of registrant
-acquisition/disposition of a significant amount of assets not in the ordinary course of business
-bankruptcy or receivership
-resignation of director
-change in registrant’s certifying accountant

Question 5

20-F

Answer 5

annual report filed by foreign private issuers
similar to 10-K

Question 6

Interim periods are treated primarily as

Answer 6

an integral part of an annual period.
Results should be based on the same accounting principles as annual statements

Question 7

Interim period tax expense equals

Answer 7

estimated annual effective tax rate
* YTD ordinary income (loss) pretax
- tax expense (benefit) recognized in previous interim periods