Amendment adopted in January 2003 by SEC requires a company to provide an explanation of its off balance sheet arrangements in a separately captioned subsection of the MD&A section of disclosure documents filed with the SEC.
Aggregate Contractual Commitments.
Public companies, particularly accelerated filers (market capitalization of more than $75 million), are required to disclose their annual reports filed with the SEC in a table with their aggregate amounts of specified categories of contractual obligations shown on a yearly basis.
Disclosure of Critical Accounting Policies.
Public companies are required to provide the following disclosures for each of the identifiable critical accounting estimates in the MD&A: (1) description, (2) significance, (3) sensitivity analysis, (4) historical changes, (5) communication to audit committee, (6) identification of segments, (7) segment-specific effects.