annual report
Definition
Presentation of a firm's audited accounts for the preceding year, as required in corporate legislation. In addition to the auditor's report, an annual report commonly includes (1) management's review of the operations of the firm and its future prospects, (2) balance sheet, (3) income statement (profit and loss account), (4) cash flow statement, and other supporting documents. Also called annual accounts.
annual report is in the Accounting & Auditing, Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
annual report appears in the definitions of the following terms: all purpose statement, management accounting, expense ratio, annual accounts, directors' report, carcinogen and accountant
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