{"id":1629,"date":"2020-01-09T13:36:16","date_gmt":"2020-01-09T18:36:16","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1629"},"modified":"2020-01-09T13:36:16","modified_gmt":"2020-01-09T18:36:16","slug":"disclosure-modernization-an-mda-example-omitting-the-third-year-back","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/disclosure-modernization-an-mda-example-omitting-the-third-year-back\/","title":{"rendered":"Disclosure Modernization &#8211; An MD&#038;A Example Omitting the Third Year Back"},"content":{"rendered":"<p>The SEC\u2019s March 2019 Disclosure Modernization and Simplification rule provided an opportunity to make MD&amp;A less repetitive and hopefully a better communication tool by allowing the third year back to be omitted from the discussion.\u00a0 The rule added this language to instruction 1 in <a href=\"https:\/\/www.ecfr.gov\/cgi-bin\/text-idx?SID=8e0ed509ccc65e983f9eca72ceb26753&amp;node=17:3.0.1.1.11&amp;rgn=div5#se17.3.229_1303\">S-K Item 303<\/a>:<\/p>\n<p style=\"padding-left: 30px;\">Instructions to paragraph 303(a):\u00a01. \u2026..\u00a0 For registrants providing financial statements covering three years in a filing, discussion about the earliest of the three years may be omitted if such discussion was already included in the registrant&#8217;s prior filings on EDGAR that required disclosure in compliance with Item 303 of Regulation S-K, provided that registrants electing not to include a discussion of the earliest year must include a statement that identifies the location in the prior filing where the omitted discussion may be found. \u2026..<\/p>\n<p><strong>If you would like to find an example of a company that has made this change check out this <\/strong><a href=\"http:\/\/www.snl.com\/Cache\/c399077938.html#sE6917C438902A41EE3BDC838FA97D488\"><strong>Procter and Gamble June 30, 2019 Form 10-K<\/strong><\/a><strong>.<\/strong><\/p>\n<p>If you have seen any other examples of this change please let everyone know with a comment on this post, and thanks for doing that!<\/p>\n<p>As always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC\u2019s March 2019 Disclosure Modernization and Simplification rule provided an opportunity to make MD&amp;A less repetitive and hopefully a better communication tool by allowing the third year back to be omitted from the discussion.\u00a0 The rule added this language to instruction 1 in S-K Item 303: Instructions to paragraph 303(a):\u00a01. \u2026..\u00a0 For registrants providing &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/disclosure-modernization-an-mda-example-omitting-the-third-year-back\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Disclosure Modernization &#8211; An MD&#038;A Example Omitting the Third Year Back<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[242],"tags":[],"coauthors":[154],"class_list":["post-1629","post","type-post","status-publish","format-standard","hentry","category-reporting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1629"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1629\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1629"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}