Overview:
Form 10-K is the major year-end reporting process for companies filing an annual report with the SEC. Recent requirements make it crucial to fully understand the legal, accounting and disclosure rules. Using recent 10-Ks filed with the SEC, this interactive, hands-on workshop will give you the ability to:
- Master the Form 10-K process
- Understand the SEC's Smaller Reporting Company System
- Stay updated on the SEC's disclosure guidance
- Avoid SEC triggers for comments and regulatory actions
Objective:
To provide accountants and other financial professionals with a detailed knowledge of how to complete Form 10-K. Participants will gain practical experience by working through examples of actual 10-Ks on an item-by-item basis.
Emphasis:
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Overview of the Form 10-K requirements
– Benefits of the registrant category of "smaller reporting company"
– SEC's effort toward "simplification" and plain English
– Regulations S-K and S-X -
Detailed review of each 10-K item, specifically:
– Item 1: Business
– Item 1A: Risk factors
– Item 1B: Unresolved SEC staff comments
– Item 2: Properties
– Item 3: Legal proceedings
– Items 4 & 5: Shareholder and common stock information
– Item 6: Selected financial data
– Item 7: Management Discussion and Analysis (MD&A)
– Item 7A: Market risk disclosures
– Item 8: Financial statements and supplementary data
– Item 9: Changes and disagreements with auditors
– Items 9A and 9A(T): Controls and procedures
– Item 9B: Other information
– Items 10 to 14: Directors, executive compensation, relationships and audit fees - CEO and CFO certifications and the evolving Sarbanes-Oxley picture
