An annual report is a comprehensive document produced by a company each year that details its financial performance, operations, and corporate activities. It serves as a key communication tool between the company and its shareholders, potential investors, and analysts.
congrats on reading the definition of annual report. now let's actually learn it.
Financial Statements: Summarized records of a business's financial activities and condition, including balance sheets, income statements, and cash flow statements.
Shareholder: An individual or organization that owns shares in a corporation, making them partial owners of the company.
Corporate Governance: The system of rules, practices, and processes by which a company is directed and controlled, ensuring accountability to stakeholders.