‘Are you finding hard time preparing your company’s annual report? Still not clear on what an annual report is and how to work it on? Here we go… An annual report is a detailed report on a company’s activities throughout the preceding year. It is created to give their shareholders and other interested people information about the company’s activities and its financial performance. It gives you the footprint of the company’s overall growth and performance in terms of revenue. In many countries it is essential to prepare and disclose such annual reports. Mostly those companies which are having IPO’s and also shareholders, those have to publish their annual report in order to spread awareness among those who are the part of company in terms of growth and productivity.
For any small or big organization, an annual report is an important report which needs to publish at the end of year as it give their stake holders, board of directors, other interested people to know about how company is doing and what is the financial performance of the company where it has loss or gain and what are the road maps ahead to cope up with any loss by the company.
Typical Annual Report may include following
- General Company Information
- Policies defined by Accounts in company
- Balance Sheet
- Inward and outward cash flow
- Any other non – audited information
- Summary of Profit / Loss
- Any notes or information to financial statements
- Statement from board of directors / chair persons
- Review of report
- Auditors reports
Importance of providing Annual report
- We can come to know how good our company is doing, where is lacking what are the profit and loss and in which arena.
- It gives you information about whether the company is making more money or it is spending more
- It helps to define strategy for next plan and what all aspects or factors to be taken in to account for making profit for the organization
- It will help to sync every one and drag them to the same page
Mode of distributing Annual Report
The best mode of distributing Annual report could be through web (i.e. internet) because millions of people are connected online and on their finger-tips they can see such reports. Nowadays, many big or small organization are distributing report in person as physical medium to their stock holders but this may increase the cost so to minimize it many organization has start keeping the reports online which make it easy for stake holders and other to go through the same at any time. ABC Companies provide you with customized solution to develop such Annual report with variety of images, charts, content which when included in your annual report, makes it worth reading the same and it also give you a corporate and interactive feeling while you go through the same. Imagine an annual report with only balance sheet showing profit or loss and you are ask to go through the same will you look in to that? Answer could be No. But on the contrary if you are given choice of keeping charts, images and to find the exact profit or lost amount then will that be helpful or not. Hence, ABC company with its professionals help you out to create such customized annual report, you need to give the data and we will prepare annual reports for you in a way that when it is integrated on your website it will look more interactive than any other annual report at the same time. Moreover, our team will also help you out such that your annual report when it is search on the net will be found first.
Creating and publishing an annual report is a vital process for any company to show companies growth as well as profit or loss. Publishing manual annual report could be time consuming and also costly so online publishing of annual report could be a good way to reach millions of your stakeholders across the globe.