Compare the financial statements of a multinational company,Small and Meduim Enterprise/startups before and after Covid -19, Pandemic situation and mention any 5 findings.
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Answer:
Annual reports are formal financial statements that are published yearly and sent to company stockholders and various other interested parties. The reports assess the year's operations and discuss the companies' view of the upcoming year and the companies' place and prospects. Both for-profit and not-for-profit organizations produce annual reports.
Annual reports have been a Securities and Exchange Commission (SEC) requirement for businesses owned by the public since 1934. Companies meet this requirement in many ways. At its most basic, an annual report includes:
General description of the industry or industries in which the company is involved.
Audited statements of income, financial position, cash flow, and notes to the statements providing details for various line items.
A management's discussion and analysis (MD&A) of the business's financial condition and the results that the company has posted over the previous two years.
A brief description of the company's business in the most recent year.
Information related to the company's various business segments.
Listing of the company's directors and executive officers, as well as their principal occupations, and, if a director, the principal business of the company that employs him or her.
Market price of the company's stock and dividends paid.
Some companies provide only this minimum amount of information. Annual reports of this type usually are only a few pages in length and produced in an inexpensive fashion. The final product often closely resembles a photocopied document. For these companies, the primary purpose of an annual report is simply to meet legal requirements.