January 2015
Beginner
480 pages
31h 42m
English
We have just examined some of the financial statements that public companies publish, but why do they report their performance? One reaction to the 1929 stock market crash was legislation creating the Securities Exchange Commission (SEC) and requiring that public companies report their financial performance. The annual report is now a regular activity of public firms. Companies send it to current owners (shareholders) and the SEC. They also make it available to prospective owners, financial analysts, and others interested in a company’s performance. It usually contains a minimum of nine sections (with more components of the report available on the company’s Web site):
Company highlights
President’s letter ...
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