BENEFITS OF DOCUMENT
DESCRIPTION
An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. The front part of the report often contains an impressive combination of graphics, photos, and an accompanying narrative, all of which chronicle the company's activities over the past year and may also make forecasts about the future of the company. The back part of the report contains detailed financial and operational information.
1. An annual report is a corporate document disseminated to shareholders that spells out the company's financial condition and operations over the previous year.
2. It was not until legislation was enacted after the stock market crash of 1929 that the annual report became a regular component of corporate financial reporting.
3. Registered mutual funds must also distribute a full annual report to their shareholders each year.
Annual reports became a regulatory requirement for public companies following the stock market crash of 1929 when lawmakers mandated standardized corporate financial reporting.1 The intent of the required annual report is to provide public disclosure of a company's operating and financial activities over the past year. The report is typically issued to shareholders and other stakeholders who use it to evaluate the firm's financial performance and to make investment decisions.
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Source: Best Practices in Annual Financial Report PowerPoint Slides: Annual Financial Report Presentation Template PowerPoint (PPTX) Presentation, UJ Consulting
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