Overview:
Form 10-K is the major year-end reporting process for companies filing an annual report with the SEC. Current requirements make it crucial to fully understand the legal, accounting and disclosure rules. Using recent 10-Ks filed with the SEC, this 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:
- Benefits of the registrant category “smaller reporting company”
- Regulations S-K and S-X
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Detailed review of each 10-K item, specifically:
– Items 1: Business; and 1A: Risk factors
– Item 1B: Unresolved SEC staff comments
– Item 2: Properties
– Items 3: Legal proceedings; and 4: Mine safety disclosures
– Item 5: Market for common equity and stockholder matters
– Item 6: Selected financial data
– Item 7: MD&A of financial condition and results of operations
– Item 7A: Quantitative/qualitative disclosures – market risk
– Item 8: Financial statements and supplementary data
– Item 9: Changes and disagreements with accountants on financial information and disclosures
– Items 9A and 9A(T): Controls and procedures; and 9B: Other information
– Item 10: Directors, executive officers and corporate governance
– Item 11: Executive compensation
– Item 12: Security ownership of certain beneficial owners and management
– Item 13: Certain relationships and related transactions and director independence
– Items 14: Principal accounting fees/services; and 15: Exhibits - CEO and CFO certifications and complying with Sarbanes-Oxley