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Annual Report

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Annual Report
Yearly record of a public limited company's financial condition.
    
It describes the firm's operations, its Balance Sheet, and its income Statement. According to he Securities & Exchange Commission (SEC) rules, the annual report is distributed to all shareholders. It's an annual publication that public corporations must provide to shareholders to describe their operations and financial conditions. The front part of the report often consists of an impressive combination of graphics, photos and an accompanying narrative, all of which chronicle the company's activities over the past year. The back part of the report contains detailed financial and operational information.
    
An annual report is a required document that is made available to fund shareholders on a fiscal year Basis in the case of mutual funds. It reveals certain aspects of a fund's operations and financial condition. In contrast to corporate annual reports, Mutual Fund annual reports are best described as "plain vanilla" in terms of their presentation.
    
It was after the stock market crash in 1929, legislation was enacted and the annual report became a regular component of corporate financial reporting.
Posted by  Convention of Independent Financial Advisors CIFA
 
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