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How often do publicly traded corporations typically prepare financial statements for external reporting purposes?
quartwly
Does the SEC requires that publicly owned corporations submit financial statements to it each year?
yes
What is the difference between reporting and non reporting entities?
A "non-reporting" entity refers to companies whose stock is publicly traded but which is exempt from reporting to the Securities & Exchange Commission. Usually these companies report publicly by posting financial information on the OTC Markets website voluntarily. These postings, however, are not subject to audit requirements or more generally to SEC reporting requirements. A "reporting" entity refers to companies whose stock is publicly traded and must file financial and other information with the Securities & Exchange Commission.
What depreciation method is most commonly used among publicly owned corporations?
Stright-Line
Can publicly available financial statements be used to accurately predict future stock price movements?
no
What US government agency gives authority over the financial reporting requirements of publicly traded corporations?
When it comes to the financial reporting of publicly owned corporations, the SEC has the final authority. SEC stands for U.S. Securities and Exchange Commission.
WHAT IS government agency that has final authority over the financial reporting of publicly owned corporations is thE?
IRS
How often do publicly traded corporations typically prepare financial statements for external reporting purposes?
quartwly
Does the SEC requires that publicly owned corporations submit financial statements to it each year?
yes
What is the difference between reporting and non reporting entities?
A "non-reporting" entity refers to companies whose stock is publicly traded but which is exempt from reporting to the Securities & Exchange Commission. Usually these companies report publicly by posting financial information on the OTC Markets website voluntarily. These postings, however, are not subject to audit requirements or more generally to SEC reporting requirements. A "reporting" entity refers to companies whose stock is publicly traded and must file financial and other information with the Securities & Exchange Commission.
Most corporations today are publicly owned?
TRUE!!
What percentage of US workers are employed by publicly held corporations?
50%
What is statutory report?
Regulatory requirements that mandate reporting of financial and non-financial information to varied government agencies is called statutory reporting. IAS, IFRS, Basel II, and Sarbanes-Oxley are just some of the better-known examples of the regulatory compliance's. Each industry has its own additional set of statutory reporting laws and regulations. Bankers and insurance companies have numerous fiscal filing requirements in each state in which they do business. Publicly held companies have additional sets of SEC reporting requirements that must be met.
What are some examples of publicly held US corporations?
Publicly-held corporations are those whose shares are traded on a public stock exchange. At the time of this writing (November, 2010), the five largest US publicly-held corporations are:Exxon-Mobil Corporation (XOM)Apple, Inc. (AAPL)Microsoft Corporation (MSFT)Berkshire-Hathaway, Inc. (BRK.A)Wal-Mart Stores, Inc. (WMT)
What depreciation method is most commonly used among publicly owned corporations?
Stright-Line
Which corporations allows its shares to be purchased by anyone who chooses to invest in the business?
publicly owned corporation
Does stockholder have the right to see copy of income and expense reports?
The question applies only to corporations because only corporations issue publicly traded stock. Stockholders that own shares of the corporation's stock only have the right to see publicly disclosed financial statements. That includes an Income Statement and a Balance Sheet Statement. These are issued at least annually but usually quarterly. Legally, the corporation can only issue these statements at times when the information is available to all stoholders. Detailed expense reports are not issued to stockholders. You can find most Financial Statements online at nasdaq.com.
