The annual financial report provides an overview of a company's entire operations over the course of a year.
The report summarizes financial activity while also including a message from the CEO and projections for the future.
The annual financial report allows all stakeholders to see what is happening within the company, and may also be submitted to regulatory bodies for external reviews.
This step by step guide will provide the CFO - or another person responsible for creating the report - with all the steps they need to compile the report.
See this video below for an explanation of how state-level organizations construct their annual financial reports.