Modified on 2010/08/23 11:01 by Grigs — Categorized as: Uncategorized
Cash Flow Statement
Statement of Financial Accounting Standards (SFAS)
10 K Defintion
What does 10 K mean? A 10K is an annual cumulative financial statement required by the Securities and Exchange Commission (SEC) under the
Securities Exchange Act of 1934
for all publicly traded companies. The 10-K filing deadline for financial data is always due 90 days after the end of the fiscal year of that company. The form 10-k is often more extensive and comprehensive than the 10Q which is the quarterly filing required by the SEC.
A 10-K form requires that a company provide a balance sheet, income statement, cash flow statement, and a statement of stockholder's equity. The 10 K form should also disclose any major changes made since the last financial filing. These disclosures may include a change from one accounting method to another, or a discussion of a contingent liability such as an ongoing litigation. The SEC also requires that a company provide relevant financial data from the exact same filing time during the past year. This makes information readily comparable from one period to the next so that investors can have a good picture or idea of where the company is heading.