In our classes, we teach you how to prepare the basic four financial statements for a business – the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. In reality, a lot more than that may go into a business’s annual report.
The annual report for a large, publicly traded corporation may contain the following sections:
· Summary of general business information.
· Annual performance highlights.
· CEO’s letter to the shareholders.
· Management’s discussion and analysis (MD