Slayer CPA
SectionsBlogLog In
Financial Accounting and Reporting/Blueprint/1.D

Public company reporting topics

Area 1: Financial Reporting (30-40%)

Your Progress

0 of 65 questions attempted

Topics

  • SEC Forms 10-Q / 10-K / 8-K
  • Earnings per share

Lessons

  • Public Company Reporting and EPSFree

Study Frameworks

EPS Dilution: Include Potential Shares?

Are there potentially dilutive securities outstanding (stock options, convertible bonds, convertible preferred)?
Yes
For stock options: is the average market price > exercise price (in-the-money)?
Yes
Treasury stock method: Incremental shares = Shares from exercise − Shares repurchased with proceeds. Is the net effect dilutive (reduces EPS)?
Yes
Include in diluted EPS denominator
No
Antidilutive — exclude from diluted EPS
No
For convertible securities: does the if-converted method reduce EPS (add back interest/dividends to numerator, add converted shares to denominator)?
Yes
Include in diluted EPS using if-converted method
No
Antidilutive — exclude from diluted EPS
No
Diluted EPS = Basic EPS (no potentially dilutive securities)

Basic EPS

(Net Income − Preferred Dividends) / Weighted-Average Common Shares Outstanding

Diluted EPS

(Net Income − Pref. Dividends + Convertible Adjustments) / (WACSO + Dilutive Potential Shares)

Include effects of stock options (treasury stock method), convertible bonds, and convertible preferred stock if dilutive

SEC Periodic Filing Requirements

FormFrequencyKey ContentsFiling Deadline (Large Accelerated)
10-KAnnualAudited financial statements, MD&A (Item 7), market risk disclosures (7A), FS and supplementary data (Item 8), business description, risk factors60 days after fiscal year-end
10-QQuarterly (Q1-Q3)Unaudited financial statements (reviewed), MD&A, quantitative/qualitative market risk disclosures. No Q4 filing (covered by 10-K)40 days after quarter-end
8-KEvent-driven (within 4 business days)Material events: acquisitions/dispositions, bankruptcy, auditor changes, officer departures, delisting, material agreements4 business days after the triggering event
Practice These Topics(65 questions)