By Lita Epstein
The second one variation contains over 25 percentage new and up-to-date details including:New info at the separate accounting and monetary reporting criteria for private/small companies as opposed to public/large businessesUpdated info that displays the 2007 legislations on foreign monetary reporting standardsNew content material to compare SEC and different governmental regulatory alterations during the last 3 yearsNew information regarding how the analyst-corporate connection has really replaced the taking part in fieldThe influence of company communications and new technologiesNew examples that replicate the present trendsUpdated web pages and assets
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Additional info for Reading Financial Reports For Dummies
Going public gives the stock a set market value and creates more potential buyers for the stock. ✓ Company value: Company owners benefit by knowing their firm’s worth for a number of reasons. If one of the key owners dies, state and federal inheritance tax appraisers must set the company’s value for estate tax purposes. Many times, these values are set too high for private companies, which can cause all kinds of problems for other owners and family members. Going public sets an absolute value for the shares held by all company shareholders and prevents problems with valuation.
Companies with over $75 million in assets must file their reports within 60 days. The annual report includes the information presented in the quarterly reports and much more, including a full business description, details about the management team and its compensation, and details about any filings done during the year. Most major companies put a lot of money into producing glossy reports filled with information and pictures designed to make a good impression on the public. The marketing or public relations department, rather than the financial or accounting department, writes much of the summary information.
A failed IPO or a failure to live up to shareholders’ expectations can change what may have been a good business for the founders into a bankrupt entity. Although founders may be willing to ride out the losses for a while, shareholders rarely are. Many IPOs that raised millions before the Internet stock crash in 2000 are now defunct companies. Filing and more filing: Government and shareholder reports Public companies have an unending stream of reports they must file with the SEC. They must file financial reports quarterly as well as annually.