Form 10-K - Explained
What is a Form 10-K?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
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Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is a Form 10-K?
A Form 10-K summarizes in detail the companys performance in a report for a five-year period. For public companies (or reporting companies), the report is sent to Securities and Exchange Commission (SEC) as part of the companys on-gong reporting and disclosure requirements. It is more comprehensive than annual report, and bears important information for the new investors of the company.
How is the 10-K Report Used?
A 10-K report has been imposed as mandatory requirement for the companies by the Federal Government to help investors make informed decisions about their investments in the company. The 10-K includes five sections:
- Overview of company
- Risk factors, present and future
- Last five years financial data including Management Discussion &Analysis
- Supplementary data and audited financial statements
- Signed letters of top tier management for data accuracy assurance
The 10-K report is pubic information available on various resources, including Investor Relations section of the company's website.