This term can refer to a couple things. One can be simply the period used as a benchmark to compare to other periods.
For instance, say you want to measure quarters of a year. The first quarter could be your base period that you compare the other quarters to. Or, you could pick your measure each quarter and use your most successful one to use a sort of goal base period.
The other thing this term can refer to is the method the UIA (Unemployment Insurance Agency) uses to determine if a person qualifies for unemployment, and if they do, how much they can draw. Generally, the UIA uses the wages earned in the first four of the last five yearly quarters (standard base period). The alternative method uses wages earned in the four most recently completed quarters.
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Finance: What are a 10K and 10Q?57 Views
finance a la shmoop what are 10K and 10Q filings well as the pros say 10Q
very much yeah you know we had to go there sorry well they're just filings a [Girl filing her fingernails]
different kind of filings legal filings papers or data
well the 10K is the annual report and the 10Q is the quarterly report their
note the Q in there yeah very clever naming their people well we have no idea
why the K is there like shouldn't it have been a 10A fling equals annual
anyway the filings contain the key elements that report to shareholders the [Man giving presentation to shareholders]
progress or lack thereof that the company has made in the period it's
reporting and these apply to public companies people privates don't
necessarily file... well the K the Q have to contain an updated income statement [Income statement, balance sheet and cash flow statement appear]
balance sheet and cash flow statement along with tons of notes on whatever
business metrics the company regularly reports the number of people made sick
by the lemonade the number a coal miner Barbies sold the number of Disney cruise
passengers infected with Legionnaires disease and so on and if you're the CEO [Person puking off the edge of a cruise ship]
or CFO of the company and you don't get your filings in on time well you'll be
doing a different kind of filing so yeah 10K, 10Q they're really important
don't ignore them...
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