Ideal for self-study or on-site training!
Confidently comply with the latest SEC reporting requirements with this comprehensive course. It clarifies new, difficult and important reporting and disclosure requirements while giving you examples and tips for ensuring compliance. Learn to apply Regulations S-X, S-K and other SEC guidance, prepare or review financial statements and their related disclosures, and more. This course benefits financial reporting managers and those charged with corporate governance of registrants or companies planning to go public as well as senior staff, managers and partners in public practice with SEC registrants as clients.
Highlights include an overview of going public and the function of the SEC and PCAOB; a review of Regs S-X and S-K and significant FRRs, AAERs, SABs and SLBs; use of actual filings of a publicly-traded company to analyze, item by item, the forms to file in the 2008 reporting cycle (Forms 10-K, 10-Q, 8-K and Schedule 14A); the advantages of Regulation S-B; the latest SEC developments and “hot buttons.”
Objectives:Prerequisite: Ability to prepare standard financial statements and evaluate financial statement disclosures
Videocourse Details
In this video, John C. Compton, CPA, CGFM, Managing Director at Compton Consulting, LLC, in Greensboro, NC, discusses SEC reporting with Elizabeth S. Gantnier, CPA, Director of Quality Control at Stegman & Company in Baltimore, MD, and an instructor for this course; David W. Hinshaw, CPA, Member of Dixon Hughes, PLLC, in High Point, NC; and Robert W. Walter, Esq., a Colorado-based attorney focusing on securities, disclosure and financing matters and an instructor for this course.
*(205-min. video) The DVD disk contains the video presentation and a viewable copy of the Manual.
**The Additional Manual is for group study training only. Unlike other formats, it has no exam
answer sheet and cannot be used to earn self-study credit.
736775
OVERVIEW
Course Objectives
Introduction
This comprehensive course is intended to enable managers and partners in public practice with SEC registrants as clients as well as financial reporting managers of registrants or companies planning to go public comply with current SEC reporting requirements. It clarifies new, difficult, and important reporting and disclosure requirements while providing examples and tips.
Wide-ranging, the course covers:
Course Components
The complete video-based course consists of:
Course Manual Organization
This course manual is organized as follows.
Chapter 1
The SEC and the Laws It Administers
Learning Objectives
After completing this chapter you will
The Securities Statutes
The Securities Act of 1933 (Securities Act or the 1933 Act) and the Securities Exchange Act of 1934 (Exchange Act or the 1934 Act) are the principal securities statutes. In addition, the SEC administers six other principal acts: the Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Investor Protection Act of 1970, and the Public Company Accounting Reform and Investor Protection Act of 2002 (Sarbanes-Oxley). The Securities and Exchange Commission (SEC or Commission) also serves as an adviser to the United States District Courts in connection with Federal Bankruptcy Act reorganization proceedings involving registrants.
The primary objectives of these securities statutes (and of the SEC’s duties under the Bankruptcy Reform Act of 1978) are summarized below.
Securities Act of 1933
The Securities Act of 1933 defines "security" as
any note, stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, reorganization certificate or subscription, transferable share, investment contract, voting trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas or other mineral rights, or, in general, any interest or instrument commonly known as a "security," or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
The Securities Act, sometimes referred to as the "truth in securities" act, has two primary objectives. First, it requires an issuer offering securities to the public in interstate commerce or through the mail, unless specifically exempted, to file a registration statement with the SEC containing financial and other information about the issuer and the offering. Registration of securities, however, does not imply approval of the issue by the Commission or insure investors against loss, but rather serves to provide consistent information investors may use to make informed investment decisions.
Second, the Securities Act contains antifraud provisions that apply to the sale of securities, whether or not registered, and imposes civil liabilities and criminal penalties on persons involved with registration statements containing false and/or misleading information.
Common Securities Act forms are discussed in Chapter 5.
Securities Exchange Act of 1934
The Securities Exchange Act of 1934 (1934 Act or Exchange Act), as amended, is primarily concerned with the trading and ongoing reporting related to registered securities. Section 12 of
