Okuzeka
Accounting & Tax vocabulary · Reporting Standards

Annual report

Meaning in accounting & tax, with examples

nounCommon term

In accounting & tax, annual report means: A document a company publishes each year containing its audited financial statements and a review of its business, strategy, risks and governance.

In Turkish: faaliyet raporu, yıllık rapor

How it is used

Listed companies must publish annual reports. Investors read the chair's letter, the management commentary and the financial statements. Many companies also publish a separate sustainability report.

Example sentences

  1. The annual report is published in both Turkish and English.

  2. Can you check the figures in the annual report against the audited accounts?

Common collocations

  • publish an annual report
  • integrated annual report
  • annual report and accounts
  • sustainability report
  • fiscal yearThe twelve-month period a company or government uses for accounting and tax purposes. It may match the calendar year or end in another month.
  • consolidated financial statementsFinancial statements that combine a parent company and all the subsidiaries it controls as if they were one single business.
  • audit opinionThe auditor's formal conclusion, given in the audit report, on whether the financial statements are fairly presented in all material respects.
  • notes to the financial statementsThe detailed explanations that follow the main financial statements, describing accounting policies, estimates and the breakdown of key figures.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Reporting Standards

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This page explains English vocabulary for learners. It is not financial advice.