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Glossary of Financial & Economic Terms |
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Glossary of Financial & Economic Terms |
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Annual report T
An annual report is the annual legal statement which a business produces for its shareholders' in order to present its annual accounts at its AGM. The report will therefore normally include a profit and loss account and balance sheet, and a directors report and auditors report. This is usually a sleek, colorful, high gloss publication. Make sure to look beyond the marketing and dig into the numbers. This is the best way to discover the direction of the company. The 10-K is the version of the annual report which gets submitted to the SEC. It contains more detailed financial information.
External links
source: http://en.wikipedia.org/wiki/Annual_report
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