Wall Street Exam Analyzing Financial Reports Questions With 100% Verified Answers

Wall Street Exam Analyzing Financial Reports Questions With 100% Verified Answers Q.10-K - ANSWER--annual financial statements -latest share count on front cover -selected financial data, detailed footnotes, MD&A -most detailed overview of companies' financial operations and regulations governing them Q.10-Q - ANSWER--less detailed footnotes and MD&A than 10-K -less details about stock options -usually missing critical information on options tranches requiring the use of a prior 10-K to calculate diluted shares Q.8-K - ANSWER--issued 4 times a year; the first glimpse into a company's financial statements -earnings press releases are less detailed than 10-K/10-Q's with the exception of potentially fuller GAAP vs Non-GAAP reconciliations, and arrive several weeks before those filings -often contain key terms of the deal, announcement data, and other relevant information for acquisitions Q.Proxy - ANSWER--if it is the most recent filing from the ones listed above, it will contain the latest basic share count -contains management compensation and major shareholders -useful when analyzing an acquisition because companies provide shareholders a lot of technical details regarding the deal when soliciting shareholder approval Q.20-F - ANSWER--annual report filed by certain foreign issuers of securities trading in the U.S. Q.Primary filings for common analyses - ANSWER-10-K, 10-Q, 8-K, Proxy, 20-F Q.Primary filings for M&A analysis - ANSWER-10-K, 10-Q, earnings release 8-Ks, Proxy, S-4, 14-D, S-1 Q.S-4 - ANSWER--registration statement -required when two existing public companies merge and securities are to be issued in connection with the merger -includes detailing of the lead-up to the merger and usually has extensive disclosures and exhibits regarding all the analyses that the companies and their respective investment banking advisor performed to arrive at the price ranges that framed the negotiations -will contain comprehensive deal data Q.14-D - ANSWER--tender offer filings -filed when the acquirer makes a tender offer -will contain deal terms, etc. Q.S-1 - ANSWER--registration statement for securities issued in an IPO -when all else fails, the information may eventually become public if one of the parties undergoes an initial public offering or a high yield debt offering -included disclosures: current shareholders, historical financials, description of the business plan, and intentions for the capital raised Q.10-K vs Annual Report - ANSWER--annual report is similar but not a required SEC filing -10-K is more detailed and unfettered Q.10-K Part I - ANSWER-1. Business: company business, strategy, product offering, seasonality, and geographical footprint 1A. Risk factors: summary of industry- and company- specific risks 1B. Unresolved Staff Comments 2. Properties 3. Legal Proceedings 4. Mine Safety Disclosures Q.10-K Part II - ANSWER-5. Market for Equity, Related Stockholder Matters, Purchases of Equity 6. Selected Financial Data 7. MD&A 7A. Quantitative and Qualitative Disclosures about Market Risk 8. Financial Statements and Supplementary Data 9. Changes in & Disagreements w/ Accountants 9A. Controls/Procedures 9B. Other Info Q.Red Meat of 10-K - ANSWER--Item 6: key financial statistics for a company's most recent 5-10 fiscal year period -Item 7: Summary and analysis of the company's financial results for the completed year -Item 8: consolidated financial statements, corresponding notes, and letter from independent auditor