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Public company reporting

BAR Chapter 19 · Area II · Blueprint II.J

A public company reports under two rule books at once: GAAP for the numbers and the SEC's rules for which statements to file, when, in what form and with what narrative. The Blueprint asks you to recall the requirements of Regulation S-X and Regulation S-K, the purpose and key features of XBRL, the criteria for identifying reportable segments and the segment disclosures. Summit Outdoor Brands has just listed its shares, so its first annual report on Form 10-K is our guide.

In this chapter

1. The SEC reporting system and its forms
2. Regulation S-X: the financial statements
3. Regulation S-K: the narrative
4. XBRL business reporting
5. Identifying reportable segments
6. Segment disclosures
7. Entity-wide disclosures and putting the 10-K together

This chapter has 7 lessons, 50 practice MCQs with explanations and 10 simulations, plus flashcards and a recall sheet.

What this chapter covers

• Regulation S-X and S-K
• XBRL
• reportable segments and their disclosures

Chapter 18: Leases: lessor accounting and special cases · Chapter 20: Employee benefit plan financial statements