An obligation to give an account. In the context of limited companies, it's assumed that the directors are accountable to the shareholders, fulfilled partially through annual reports and accounts.
Annual accounts, also known as annual reports, are comprehensive financial statements of an organization typically published annually and required by law for incorporated bodies in the UK.
An annual report is a comprehensive document prepared by a company at the end of its financial year, which summarizes its financial performance, business activities, and strategic goals. It is intended for shareholders, stakeholders, and the general public.
A chairman's report, sometimes referred to as a chairperson's report or chairwoman's report, is a comprehensive overview of a company's activities and prospects, presented by the chair of the company in the annual report and accounts.
A company is a corporate enterprise that has a legal identity separate from that of its members; it operates as a single unit in which all members participate. Companies can have limited or unlimited liability and may be registered or unregistered.
Corporate reports are comprehensive packages of information that describe the economic activities of an organization. For limited companies, these typically take the form of annual reports and accounts, aimed at providing stakeholders with a detailed view of the company's financial health.
An annual report by the directors of a company to its shareholders, which forms part of the accounts required to be filed with the Registrar of Companies under the Companies Act. It includes information on the company's activities, performance, future developments, and other crucial matters.
Disclosure involves the provision of financial and non-financial information to stakeholders interested in the economic activities of an organization. It is standard practice for transparency and accountability in modern businesses.
An earnings report is a document that details the financial performance of a publicly held company over a specific period, typically issued monthly or quarterly. It may be an internal report and does not necessarily have to be the annual report.
An employee report is a simplified version of the statutory annual report and accounts of a company, designed specifically for its employees. Although voluntary, this practice should comply with provisions of the Companies Act relating to non-statutory accounts.
A nonrecurring occurrence that must be explained to shareholders in an annual or quarterly report.
Form 10-K is a comprehensive report filed annually with the Securities and Exchange Commission (SEC) by publicly traded companies in the United States. It includes audited financial statements and additional detailed information that generally exceeds the data offered in the annual report to stockholders.
A pivotal report on corporate governance issued in 1995 by a committee under Sir Richard Greenbury emphasizing executive remuneration and non-executive director involvement.
An interim statement is a financial report of a public corporation covering only a portion of a fiscal year, typically issued quarterly to provide an update on financial performance.
In the USA, the section in the annual report to stockholders and in Form 10-K that is required by the Securities and Exchange Commission. The purpose of the MD&A is to assist investors to understand the impact of changes in accounting and business activity that have affected comparisons with the results of previous years.
Segment reporting is the presentation of financial information in an entity's annual report for different operational segments that meet specific criteria, ensuring transparency and insight into diverse business activities.
