In: Accounting
Briefly describe (not just list) two filings that a public company is required to file with the SEC.
(1)
Form 10-K
Comprehensive analysis of the company is provided to investors in form 10-K. It includes audited financial statements which are more detailed. Companies are required to submit annual filing in form 10-k within 90 days of the end of their fiscal year. The Form 10-K is comprised of several parts:
(2)
Form 10-Q
Summary version of Form 10-K is called as Form 10-Q. Company's latest developments and future planning are detailed in it. The financial statements in Form 10-Q are unaudited. The 10-Q Form is reauired to be submitted within 45 days of the end of each of the first three quarters of a company's fiscal year
(3)
Form 8-K
Companies are required to submit Form 8-K if a major company
event occurs after the filing of Form 10-K or Form 10-Q.
Followinf are the Major company events necessitating the filing of
Form 8-K: