SEC Reporting Requirements

Question 1

SEC requires more than ____ forms be filed

Answer 1

50

Question 2

Statement required when a company issues new securities

Answer 2

Registration Statement

Question 3

Filed annually by US registered companies.

Answer 3

Form 10-K

Question 4

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

Answer 4

60; 75; 90

Question 5

Form-10K is:

Answer 5

audited

Question 6

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

Answer 6

700

Question 7

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

Answer 7

75; 700

Question 8

Filed quarterly by US registered companies and is unaudited

Answer 8

Form 10-Q

Question 9

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

Answer 9

40; 45

Question 10

Employee benefit plan(s)

Answer 10

Form 11-K

Question 11

Filed annually by specific Canadian companies registered with the SEC.

Answer 11

Form 40-F

Question 12

Filed annually by foreign private issuers (excluding Canadians).

Answer 12

Form 20-F

Question 13

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

Answer 13

Form 10-K

Question 14

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

Answer 14

GAAP, IFRS, other comprehensive body of accounting principles

Question 15

Filed semi-annually by foreign private issuers

Answer 15

Form 6-K

Question 16

Is similar to Form 10-Q and is unaudited

Answer 16

Form 6-K

Question 17

Filed to report major corporate events

Answer 17

Form 8-K

Question 18

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

Answer 18

Forms 3, 4, 5

Question 19

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

Answer 19

SEC

Question 20

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

Answer 20

reviewed

Question 21

Statements presented to the SEC (3):

Answer 21

Balance sheet, income statement, statement of cash flows

Question 22

Interim financial statements should reflect adjustments for _____ ________

Answer 22

fair presentation

Question 23

Condensed interim financial statements are _____ by the SEC

Answer 23

accepted

Question 24

Disclosures should be made so the interim information is not ________

Answer 24

misleading

Question 25

Annual financial statements have an _____ requirement

Answer 25

audit

Question 26

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

Answer 26

2; 3

Question 27

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

Answer 27

2

Question 28

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

Answer 28

tags

Question 29

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

Answer 29

tags

Question 30

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

Answer 30

tags

Question 31

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

Answer 31

taxonomy

Question 32

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

Answer 32

SEC's Interactive Data Rule

Question 33

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

Answer 33

Tagged