Introduction
Truly the best way to begin getting a good grasp of how financial reports are organized and structured is simply by looking through them.
This chapter will examine annual reports, which follow a fairly common structure:
Letter to Stockholders
Financial Highlights
Management’s Discussion and Analysis (MD&A)
Financial Statements
Notes to Consolidated Statements
Report of Management’s Responsibilities
Risk Factors
Legal Proceedings
Report of Independent Auditors
Directors and Officers
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