Section 1: 30–40%1D
Public Company Reporting Topics
Public companies have additional reporting obligations beyond private companies. The FAR exam tests interim reporting (how to apply annual tax rates to shorter periods), segment reporting quantitative thresholds, and the unique SEC filing requirements that public companies must follow.
What AICPA Wants You to Know
- 1Apply the integral view of interim reporting and the annual effective tax rate method
- 2Identify what must be disclosed in interim financial reports (ASC 270)
- 3Apply the quantitative thresholds for segment reporting (ASC 280)
- 4Describe SEC filing requirements: 10-K, 10-Q, 8-K and their key contents
- 5Explain the management's discussion and analysis (MD&A) requirement