Description

This course provides a deep dive into SEC Form 10-K. This course addresses the key requirements and regulatory aspects, including filing deadlines and their significance for investors. This course also addresses the financial statements section, covering the balance sheet, income statement, cash flow statement, and footnote disclosures, along with best practices for preparation. The course also focuses on the Management’s Discussion and Analysis (MD&A) section, exploring its importance in the explanation of financial results and addressing common drafting challenges. Finally, this course discusses risk factors, internal controls, and corporate governance disclosures, highlighting their role in enhancing transparency.

Chapter 1 – Introduction to SEC Form 10-K Requirements
This chapter provides a comprehensive introduction to SEC Form 10-K, highlighting its critical role in financial reporting for public companies. We’ll address the purpose of the form as well as the key regulatory requirements and compliance aspects, including specific filing deadlines and the potential consequences of non-compliance. This chapter emphasizes the significance of Form 10-K for investors and stakeholders, showcasing how it serves as a vital tool for informed decision-making.

Chapter 2 – Detailed Analysis of the Financial Statements Section
This chapter provides an overview of the financial statements included in SEC Form 10-K, focusing on their structure and significance in assessing a company’s financial health. We will break down each primary statement, highlighting key components, classifications, and their relevance for analysis. The chapter also examines the role of accounting policies and estimates in shaping financial results as well as the importance of footnote disclosures. Finally, we’ll identify common pitfalls in financial reporting and outline best practices for ensuring accuracy and clarity, emphasizing the role of internal review processes in maintaining high-quality disclosures.

Chapter 3 – Management’s Discussion and Analysis (MD&A)
This chapter provides an in-depth look at Management’s Discussion and Analysis (MD&A), highlighting its critical role as a narrative supplement to financial statements that offers essential context for understanding a company’s financial performance and position. It covers key elements of MD&A, such as liquidity, capital resources, and results of operations. The chapter also presents best practices for drafting effective MD&A as well as common challenges, including managing forward-looking statements, estimating critical accounting estimates, and navigating legal considerations.

Chapter 4 – Risk Factors, Controls, and Corporate Governance Disclosures
This chapter addresses risk factors, controls, and corporate governance disclosures in SEC Form 10-K. It begins with an analysis of the “Risk Factors” section, focusing on how companies identify and communicate risks relevant to their operations. The chapter also examines internal control over financial reporting (ICFR), executive compensation disclosures, as well as the importance of corporate governance disclosures, with a specific emphasis on audit committees, board composition, and the role of strong governance in boosting investor confidence.