SEC Accounting & Reporting: A Two-Day Boot Camp Self-Study Webcast

To provide you with a thorough overview of the SEC filing and financial reporting requirements and process from the accountant's perspective. You will get insight into the do's and don'ts when preparing your filings, dealing with the SEC staff and learning how to avail yourself of SEC reference materials.

DETAILED LEARNING OBJECTIVES

• Identify the purpose and function of the Securities Act of 1933

• Recognize the types of SEC forms used for securities registration and periodic reporting

• Distinguish between the roles of different SEC divisions

• Describe the responsibilities of the Division of Corporation Finance

• Explain the function of the Division of Enforcement

• Understand the purpose of the Division of Investment Management

• Identify the types of information required in a Form 10-K filing

• Recall the required components of Form 10-Q and its filing frequency

• Describe the conditions under which companies qualify as large accelerated, accelerated, or non-accelerated filers

• Recognize the SEC’s criteria for smaller reporting companies and their disclosure requirements

• Explain the purpose and structure of Form 8-K

• Identify the triggering events that require filing of Form 8-K

• Understand the contents and organization of proxy statements (DEF 14A)

• Describe the SEC’s executive compensation disclosure requirements

• Recognize the pay versus performance disclosure under Regulation S-K

• Understand the use and content of SEC comment letters

• Describe how and when a company must respond to SEC comment letters

• Identify accounting guidance for contingencies under ASC 450

• Recognize when a loss contingency should be disclosed or accrued

• Explain the SEC’s focus on IPO valuation and cheap stock issues

• Understand the use of the Black-Scholes model in equity compensation valuation

• Describe the role of third-party valuation reports in IPOs

• Identify material climate-related disclosures required by the SEC

• Recognize the criteria that make climate risks material to financial reporting

• Describe how the SEC treats voluntary ESG disclosures

• Understand the definition and purpose of SPACs

• Recognize the steps a SPAC takes to go public and complete a merger

• Define the de-SPAC process and related SEC filings

• Identify the required filings for de-SPAC transactions such as Form S-4 or F-4

• Describe SEC concerns around sponsor compensation and dilution in SPACs

• Understand the 24-month timeline for SPAC business combinations

• Recognize the consequences if a SPAC fails to complete a merger

• Explain the reporting obligations of the combined company after a de-SPAC transaction

• Distinguish between Regulation S-K and Regulation S-X in SEC reporting

• Understand the types of narrative and financial disclosures governed by SEC regulations

• Describe the executive compensation disclosures required in the Summary Compensation Table

• Recognize when and how shareholder proposals must be included in proxy materials under Rule 14a-8

• Identify required disclosures for director qualifications and voting procedures in proxy statements

• Understand the SEC’s requirement for MD&A in Form 10-K and 10-Q filings

• Recognize the SEC’s review process and comment letter system for registration statements and periodic reports

• The SEC's Organizational Structure
• SEC Related Terminology
• Filings & Forms
  – The Securities Act of 1933 Forms
  – The Exchange Act of 1934 Forms
• Regulations S-K & S-X
  – Overview of a filing on form 10-K
  – Regulation S-K
  – SEC amends MD&A and other financial disclosure rules
• The Securities Act of 1933—A Detailed Explanation of Forms & Filing Requirements
  – Form S-1
  – Form 10
  – Jumpstart Our Business (JOBs) Startup Act
• The Securities Act of 1934—A Detailed Explanation of Forms & Filing Requirements
  – Form 10-K, including small reporting companies
  – Annual report to shareholders
  – Form 10-Q, including small reporting companies
  – Form 8-K 
  – Proxy Statements
• The SEC Comment Letter Process
• IPOs & Cheap Stock Issues
• Climate-related Disclosures for Investors
• Special Purpose Acquisition Companies (SPACs)
• Final Rule on Disclosures of Cybersecurity Risks
• Miscellaneous SEC Proposed Rules