MGMT 1A Lecture Notes - Lecture 3: Registration Statement, Form 10-Q, Starbucks
Document Summary
Mgmt 1a lecture 3 notes - history of accounting standards and journal entry. How are publicly traded companies regulated: sec (securities exchange commission, agency established in 1933 to administer laws and regulations related to the exchange of securities and publication of financial information by us businesses. Recent ipo, including afs has to be audited by an external company i. i: 10-k, 10--q, 8-k. This is the current report of companies when there are major events that shareholders should know. for example, completion of acquisition, bankruptcy, changes in registrant"s certifying accountant d. Ipo: the greater the interest for the company that is going to be public, the higher the price of the stock: sarbanes-oxley act of 2002, response to enrone bankruptcy. This is the largest corporation bankruptcy in us history. Ifrs was less specific and more broad than gaap: public accounting firms, generally accepted auditing standards (gaas)
