No fluff, no fabricated war stories. Just the standards that decide whether your filing holds up, explained by someone who files them. For the named accounting failures we dissect, see the case studies.
Generac issued Amazon a warrant over 1,693,745 shares at $200.9266, against up to $8bn of purchases. The stock had closed at $175.11 that same day. The $340m being quoted is the aggregate exercise price, the cash Amazon would pay in, not the value it receives. Three of these warrants reached EDGAR in twenty-four days.
Read the articleThe wires reported a $3.21bn loss on $138.7m of revenue. Net cash used in operations was $55.6m. Almost all of the gap is one warrant issued to a customer, remeasured upward because the company became more valuable. Plus the $3.6bn that comes off revenue later. In plain language.
Read the articleThe announcement says $12,930,300,000. The 8-K says ~$11.9bn of purchase price and up to ~$1.0bn of employee retention. One becomes goodwill, the other becomes expense. Plus the rule that means investors may never see the target's accounts. In plain language.
Read the articleOperating income of $15,955m on one basis and $20,095m on another. Half the difference is amortisation with a published schedule of $27,583m still to come; half is stock compensation with no schedule at all. Plus three disclosures larger than any figure in the release. In plain language.
Read the articleRevenue up 58%, net income up 255%, and free cash flow down 47%. Of the $8,149m of “record adjusted free cash flow”, $7,163m is add-backs. Inventories doubled, payables rose $16,093m, and the cycle is still negative. In plain language.
Read the articlePeople are arguing about whether the profit is real. The filing has numbers for it: $23.7bn of pre-tax profit from investments rising in value, $366bn promised, and four ways the company helps customers buy. In plain language.
Read the articleStock compensation of $147.6m against a $117.3m operating loss, 97.8% of the rise in overhead, and $161.6m of cash paid to settle tax on a charge reported as non-cash. One mechanism, one filing.
Read the article70.8% of the wider loss came from the tax line. Gross profit stopped covering operating expenses. 58.3% of floorplan capacity sits with the manufacturer's own finance arm. A forensic read of the filings.
Read the article82.7% of capital went to one segment. The profitable segment covers 58% of what the other two lose. Two acquisitions paid in the same shares on opposite terms. A forensic read of the filings.
Read the articleThe de-SPAC closed July 17. The 10-Q came due 28 days later. What the filings show, and why the 12b-25 was the disciplined move.
Read the articleA day-by-day close calendar that gets the 10-Q filed on time. Without heroics in the final 48 hours.
Read the articleASC 815-40's indexation and settlement tests. The same ones behind the 2021 SPAC restatements.
Read the articleASC 205-40 made going-concern management's job, every period. The trigger, the window, and the disclosure.
Read the articleWhat separates the three rungs of the ICFR severity ladder. And which one you have to disclose.
Read the articleA playbook for Corp Fin comment letters: timeline, drafting, auditor coordination, and the round-two mistakes.
Read the article8 unresolved issues, 48 hours to filing, an auditor threatening a qualified opinion. How triage delivered a clean opinion.
Read the articleQuarterly 40-slide decks, "looks good" feedback, and no real oversight. Redesigning the package changed the conversation.
Read the articleA 25-day close and $400K of monthly intercompany variance, all traced to a Day 1 chart-of-accounts decision.
Read the articleA 12% EBITDA margin on paper, $200-300K of cash consumed each quarter. What the P&L was hiding.
Read the article12 VC pitches, 0 term sheets. What the numbers said that the pitch deck didn't.
Read the articleCompliance was perfect and strategy was absent. When a ₹200Cr family business actually needs its first CFO.
Read the article25% EBITDA on paper, $500-800K of cash burned each quarter. What a 72-hour diagnostic found.
Read the article3 material weaknesses, 14 significant deficiencies, 12 months to IPO. Remediation in 8 months for $180K.
Read the article15 comments, 10 business days. How categorization closed the letter in two rounds with zero stock impact.
Read the articleBig 4 quoted ₹50L. A materiality analysis got the VCs what they needed for ₹13L.
Read the articleWhen Rule 14a-6(a) requires a preliminary Schedule 14A, which agenda items are exempt, and how the 10-calendar-day rule really behaves in practice.
Read the articleNasdaq 5620(a), NYSE American Section 704, DGCL 211(c): what happens when a listed company misses its annual meeting deadline, and the cure path.
Read the articleEarnout payments split across investing, financing, and operating under ASC 230. How to classify contingent consideration and avoid restatement.
Read the articleA cash flow classification error with no net income impact can still force restatement. SAB 99, Big R vs. little r, and Item 4.02 explained.
Read the articleNot 12 months from year-end. Why ASC 205-40's one-year-from-issuance horizon means annual filers need 14-15 months of runway, and how to compute yours.
Read the articleASC 205-40-50-6's double-probable test for management's plans: what qualifies (committed facilities, approved cuts) and what fails (ATMs, LOIs, hope).
Read the articleConvertible notes that convert at a discount to market price fail ASC 815-40's fixed-for-fixed test. What that costs you every quarter, and why.
Read the articleThe ASC 815-40-25 settlement conditions that flip warrants and conversion features from equity to liability, and the contract fixes that reverse it.
Read the articleBuilding a defensible ASC 842 IBR without a credit rating: synthetic rating, yield curve, collateral notching, and the documentation auditors expect.
Read the articleEmbedded leases under ASC 842: the identified-asset and control tests in 842-10-15-3, which contracts to screen, and how to fix missed leases.
Read the articleSmaller reporting companies use the lesser of $120K or 1% of average total assets under Item 404(d). How to compute it and what else changes.
Read the articleA prior-year related-party transaction was never disclosed under Item 404 or ASC 850. The triage sequence: assess, correct, document, remediate.
Read the articleGross vs net revenue under ASC 606: the control test in 55-37, the three indicators, and how to survive the SEC comment letter.
Read the articleAuditor deferring revenue on bundled deals? The ASC 606 SSP allocation rules, the stated-price trap, and how to build a defensible SSP study.
Read the articleASU 2023-07 applies to single-segment companies. What the new segment footnote must contain, effective dates, and how to build it.
Read the articleHow to respond to an SEC comment letter on segment reporting: what the staff asks for, why CODM packages decide the outcome, and the errors that escalate.
Read the articleFrom the Filing Seat
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