Advanced financial accounting PowerPoint presentation. In this presentation we will discuss disclosure requirements get ready to account with advanced financial accounting disclosure requirements. We have the management discussion and analysis that’s often referred to as the M D and A discusses a company’s financial condition and results from operations. The MD and a are part of the basic information package required in major filing with the SEC, the Securities and Exchange Commission. Items currently required in the MD and a the management discussion and analysis include liquidity, capital resources, results of operations, off balance sheet arrangements, tabular disclosure of contractual obligations, disclosure requirements, pro forma disclosures, pro forma disclosures, financial presentations generally taking the form of summarized financial statements. demonstrate the effect of major transactions that happen after the end of the fiscal period or that happened during the year, but are not fully reflected in the company’s historical cost financial statements.
So we have the historical cost financial statements. If something happened, you know, outside of the fiscal year, like after the fiscal year, then you would think that we’d say, oh, we’re not going to include that in the financial statements, but we may then need a disclosure for it or if something happened in the fiscal year, but it is not reflected in basically the historical cost that is recorded within the financial statements may need a disclosure there as well. So let’s read that one more time. They demonstrate the effect of major transactions that happened after the end of the fiscal period or that happened during the year but are not fully reflected in the company’s historical cost financial statements