What is financial accounting with reference?

Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.

What is group financial reporting?

Group financial statements: Group financial statements are financial statements that include the financial information of more than one component. “Group financial statements” also refers to combined financial statements aggregating the financial information of components that are under common control.

What is SEC reporting in accounting?

SEC Filings are regulatory documents that companies and issuers of securities must submit to the Securities and Exchange Commission (SEC) on a regular basis. The purpose is to provide transparency and information to investors, analysts, and regulators.

What does financial reporting include?

Financial reporting includes: external financial statements (income statement, statement of comprehensive income, balance sheet, statement of cash flows, and statement of stockholders’ equity) notes to the financial statements.

What is group accounting?

Group Accounting is Procountor’s chargeable additional service that enables group consolidation, group accounting and group financial statements. Group Accounting enables also real-time reporting of the group. More information about ordering and pricing of Group Accounting can be found here.

What is Group in financial accounting?

Group financial statements are financial statements that include the financial information for more than one component. A component is an entity or business activity for which financial information is separately prepared, and which is included in the group financial statements.

What are SEC reporting requirements?

SEC rules require your company to file annual reports on Form 10-K and quarterly reports on Form 10-Q with the SEC on an ongoing basis. These reports require much of the same information about the company as is required in a registration statement for a public offering.

Who is required to file with SEC?

Even if a company doesn’t have to register its securities for an offering, it still may have to file reports with the SEC if the company lists its securities on an exchange or has more than $10 million in assets and a class of equity securities with either 2,000 or more record holders or 500 or more record holders that …