At publicly traded firms, the accounting and finance functions are responsible for accurately disclosing reporting) the firm's financial condition to regulatory agencies. For example, firms must file____________________ to the SEC. Financial statements include Statements of Financial Position, Comprehensive Income, Changes in Equity, and Cash Flows.

Question

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Publicly traded firms are required to file quarterly and annual financial statements to the SEC, which include Statements of Financial Position, Comprehensive Income, Changes in Equity, and Cash Flows. Quarterly and annual marketing or manufacturing statements are not required by regulatory agencies. Quarterly and annual profitability margins may be included in financial statements, but they are not the primary focus.

At Publicly Traded Firms, the Accounting and Finance Functions Are