Sample Essay

BP files financial statements with the SEC as it is a requirement for the company if it wants to be listed in theUSstock exchanges and thus be able to access capital through equity in the country. This is required as investors and other financial experts as well as analysts will then be able to access the financial statements of BP to make decisions about whether to invest in the stock.

Basic fundamental analysis takes place primarily by utilizing the information contained within these financial statements. However, foreign private issuers are required by the SEC to submit these statements with reconciliation to the US GAAP. This is useful as GAAP dictate the method of accounting to be utilized by the companies in theUnited Statesand its analysts and investors will also need to transform the IAS dictated BP statements to GAAP to be able to make meaningful comparisons with other companies in an investment decision.

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Essay: BP listing in Stock Exchange
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