key term - Annual report

Definition

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.

Related terms

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.