Financial Reporting: Annual Reports, Form 10-K, Notes, and Corporate Governance
General Questions:
Respond to the following questions thoroughly.
- What financial reports are included in the annual report? What are the major types of information contained in each of these reports? What is a Form 10-K? What information can be found in a Form 10-K document that could not be found in an annual report, if any?
- Of what significance are the notes to the financial statements? Are these notes required?
- Explain the importance of corporate governance to publicly-held company in relation to any interest that it has in being profitable.