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The elements of a financial statement are Assets, Liabilities, Equity, Investments by owners, Distributions to owners, Revenues, Expenses, Gains, Losses and Comprehensive Income Statements.
The annual report is made with an aim to provide two types of information. One, describing the past events of what has happened to the assets, earnings, dividends, and so on of the firm, and two, which provides insights on future growth and expansion opportunities of the firm.
An annual report is a comprehensive report detailing a company's activities throughout the preceding year. Its purpose is to provide users, such as shareholders or potential investors, with information about the company's operations and financial performance.
The key difference between financial statements and the annual report is that financial statements provide a summary of the company's financial performance over a specific period, while the annual report provides a more comprehensive overview of the company's performance, including non-financial information such as ...
Financial statements can be divided into four categories: balance sheets, income statements, cash flow statements, and equity statements.
The constituents of Annual Report include financial statements, brief history of the company, purpose and values, chairman's statement, Chief Executive Officer and Managing Director's Statement, Board of Directors, Business Model of the Company, Board's Report, Management Discussion and Analysis, Corporate Social ...
Your annual report should include four main components: the chairman's letter, a profile of your business, an analysis of your management strategies, and your financial statements.